<SEC-DOCUMENT>0001554855-23-000276.txt : 20230420
<SEC-HEADER>0001554855-23-000276.hdr.sgml : 20230420
<ACCEPTANCE-DATETIME>20230419185558
ACCESSION NUMBER:		0001554855-23-000276
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230419
FILED AS OF DATE:		20230420
DATE AS OF CHANGE:		20230419

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:		23831046

	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>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font><font style="font-size: 12.5pt; font-weight: bold; text-align: center;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 5.35pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 192.75pt; border-top: 1pt solid rgb(0, 0, 0);border-bottom-width: 1pt;border-bottom-style: solid ;border-bottom-color: rgb(0, 0, 0);">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>
</td>
</tr>

</table>
<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 of </font><font style="font-family: 02lfl; font-size: 9pt;">April</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;">3</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-width: 0.5pt;margin: 0pt;padding-bottom: 1pt;text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<hr style=" border-bottom-color: #000000; border-top-color: #000000;"></hr>
<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;">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-width: 0.5pt;margin: 0pt;padding-bottom: 1pt;text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<hr style=" border-bottom-color: #000000; border-top-color: #000000;"></hr>
<p style="border-bottom-color: #000000;border-bottom-width: 0.5pt;margin: 0pt;padding-bottom: 1pt;text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;"><br></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;">&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>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; 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: 'times new roman', times; font-size: 13pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
</div>
<div style="width: 8.5in; margin: 0px auto; padding-left: 30px;">&#8203;&#8203;
<p style="margin:0pt"><br></p>
&#8203;
<table cellpadding="0" cellspacing="0" border="0" style="width: 100%; margin-left: 0.1px;">

<tr>
<td style="width: 438.8px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a>
<h4 style="vertical-align: middle; text-align: left;"><font style="text-decoration: underline;">ITEM</font></h4>
</td>
</tr>
<tr>
<td style="width: 438.8px; padding-left: 30px;"><a href="#BAnn_PJPV458RI800000000000000000000">1. Minutes of the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023</a></td>
</tr>
<tr>
<td style="width: 438.8px; padding-left: 30px;"><a href="#Bbylaws_6JY34MBK9C00000000000000000000">2. Bylaws of Ultrapar</a></td>
</tr>
<tr>
<td style="width: 438.8px; padding-left: 30px;"><a href="#BB_GOPV3W5GE800000000000000000000">3. Corporate Executive Compensation Policy</a></td>
</tr>
<tr>
<td style="width: 438.8px; padding-left: 30px;"><a href="#BMinutes_WABT357O9C00000000000000000000">4. Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on April 19, 2023</a></td>
</tr>
<tr>
<td style="width: 438.8px; padding-left: 30px;"><a href="#BMarket_0JT0O6Z2S000000000000000000000">5. Market announcement</a></td>
</tr>

</table>
<br></div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">Minutes of the Annual and Extraordinary General Shareholders&#8217; Meeting of</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">Ultrapar </font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">Participa&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;"> S.A.,</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">held on April </font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">19</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">)</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 12pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 201.9pt;">
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt;">CNPJ n&#186; 33.256.439/0001- 39</font></h1>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 201.95pt;">
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt 59.9pt 0pt 10.75pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt;">NIRE 35.300.109.724</font></h1>
</td>
</tr>

</table>
<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;">&nbsp;</font></p>
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BAnn_0ZJVGM4LCG00000000000000000000" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BAnn_PJPV458RI800000000000000000000" class="customBookmark">Minutes of the Annual and Extraordinary General Shareholders&#8217; Meeting </a></h1>
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BAnn_0ZJVGM4LCG00000000000000000000" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BAnn_PJPV458RI800000000000000000000" class="customBookmark">Held on April 19, 2023</a></h1>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Date, Time, and Location:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">April 19, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2023</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> at 2:00 p.m., exclusively by digital means, under the terms of article 5, paragraph 2, item I and article 28, paragraphs 2 and 3 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Securities and Exchange Commission (&#8220;CVM&#8221;) Resolution No. 81, of March 30, 2022 (&#8220;RCVM 81&#8221;). Under the terms of article 5, paragraph 3 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RCVM 81, this Annual and Extraordinary General Shareholders&#8217; Meeting of Ultrapar </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Participa&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> S.A. (&#8220;Meeting&#8221; and &#8220;Company&#8221;, respectively) was considered as held at the Company&#8217;s headquarters, located at Av. Brigadeiro Lu&#237;s Ant&#244;nio, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">343, 9th floor, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o Paulo, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">z</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ip code 01317-910.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Attendance:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">At the Annual General Shareholders</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8217;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Meeting, shareholders </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">representing </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">79.2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of the capital stock of the Company, and at the Extraordinary General Shareholders&#8217; Meeting, shareholders </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">representing </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">79.2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the capital stock of the Company</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> as per electronic system log of virtual attendance made available by the Company, under the terms of article 47, item III of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RCVM 81, or by exercising your right to participate remotely, pursuant to article 121, sole paragraph of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the Brazilian Corpor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">te Law</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 6,404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RCVM 81. </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Were also present: (I) the Chairman and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">members</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of the Board of Directors of the Company, Messrs. Pedro Wongtschowski</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Jorge Marques de Toledo Camargo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Jos&#233; Maur</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">cio Pereira Coelho</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; (ii) the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chief Financial and Investor Relations Officer of the Company, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Mr.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Rodrigo de Almeida Pizzinatto; (iii) the Risk</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and Audit Committee coordinator, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Mrs. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Ana Paula Janes Vescovi</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; (iv) the Company&#8217;s Fiscal Council member, Mr. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Fl</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">vio C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">e</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">sar Maia Luz</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; and (v) Mr. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Guilherme Jorge Dagli J&#250;nior</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, enrolled in CRC under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n&#186; 1 SP 223225/O-0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, representing </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Deloitte </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Touche</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Tohmatsu </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Auditores</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Independentes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Ltda.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, independent auditors of the Company.</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>1</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Publications:</font></p>
<p style="font-size: 12pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: underline;">Call Notice</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">: </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 5pt;">Published in the newspaper Va</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">lor </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Econ&#244;mico</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, in print and online versions,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> on March </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">21</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3, in compliance with the provisions </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of article 124 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> article 289 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian Corpor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">te </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law 6,404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, as amended.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: underline;">Notice to Shareholders</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">: </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; argin-left: 5pt; margin-left: 5pt;">Dismissed considering the publication of documents referred on </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rticle 133 of the Brazilian Corporate Law&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6,404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Valor </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Econ&#244;mico</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">newspapers on</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">March </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2023</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the special </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">chapter pages</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> A5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> to </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">A7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, in compliance with the provisions of article 124 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> article 289 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 6,404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, as amended.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Chairman and Secretary of the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chaiman</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Luiz Antonio de Sampaio Campos</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Secret</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ary</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Andr&#233; Brickmann Areno</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Agenda:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">As per published in the Call Notice.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Discussed and approved matters:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">After the reading of the summary voting map with the votes casted through remote voting ballot, considering the most recent share position in the Company&#8217;s book, which was displayed to the shareholders, under the terms of paragraph 4 of article </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">48 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CVM </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">81, it was dismissed, by unanimous vote of the shareholders present, the reading of documents related to the agenda of this Shareholders&#8217; Meeting, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">considering</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> they are fully known by the shareholders. Forthwith, also by unanimous vote of the shareholders present, it was approved the issuance of this minutes as a summary, as per Article </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">130, paragraph 1 of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian Corpor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">te Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, and their publication was authorized with the omission of the shareholders' signatures, in the form of paragraph 2 of the same article, with the declarations of vote received by the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">chairman of the meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> being duly filed at the Company's headquarters.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">At the Annual General Shareholders&#8217; Meeting:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">vote</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, without those which were legally hindered, the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">m</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">anagement </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">r</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">eport and annual accounts of the Company, and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">f</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">inancial </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tatements and its notes duly accompanied with independent auditor </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">report </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and Fiscal Council </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">opinion </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">related to the fiscal year ended on December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">votes, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, the net income allocation for the fiscal year ended on December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, in the amount of R$ 1,800,838,042.08 (one billion, eight hundred million, eight hundred and thirty-eight thousand, forty-two Reais and eight cents</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">), as described below:</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 53.25pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 6pt;">R$</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">90,041,902.10 (ninety million, forty-one thousand, nine hundred and two Reais and ten cents</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">will be allocated to the legal </font><font style="font-family: 'Century Gothic'; font-size: 10pt;">reserve;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 53.25pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 6pt;">R$</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1,151,277,577.47 (one billion, one hundred and fifty-one million, two hundred and seventy-seven thousand, five hundred and seventy-seven Reais and forty-seven cents</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">will be allocated to the statutory reserve for </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">investments;</font></p>
<p style="line-height: 18pt; margin: 0pt 0pt 0pt 53.25pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 6pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">450,003,823.81 (four hundred and fifty million, three thousand, eight hundred and twenty-three Reais and eighty-one </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">cents</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) for the payment of interest </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">on equity to shareholders</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, approved</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> by the Board of Directors at a meeting held on May 11, 2022. The net amount</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">equivalent to R$ 396,314,422.27 (three hundred and ninety-six million, three hundred and fourteen thousand, four hundred and twenty-two Reais and twenty-seven cents</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> was paid as of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> August 10, 2022</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and imputed to the amount of the dividend due to the Company's common shareholders; and</font></p>
</div>
<p style="line-height: 18pt; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>2</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
&nbsp;
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 12pt; line-height: 150%; margin: 0pt 0pt 0pt 53.25pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 6pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">109,514,738.70 (one hundred and nine million, five hundred and fourteen thousand, seven hundred and thirty-eight Reais and seventy cents</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">were allocated for </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">payment of dividends to shareholders which hold common shares,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">equivalent to R$ 0.10 (ten cents of Real) per share, paid to shareholders as of March 3, 2023, as per the Board of Directors' </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">approval</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">o</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">February</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 15</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 2023.</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved, by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, the setting of the number of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">directors to </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">comp</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rise</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the Board of Directors </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">for</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the mandate starting </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">on this date</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved, by the majority of votes, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, the election of the members of the Board of Directors herein qualified, with term of office until the General Shareholders&#8217; Meeting to be held in 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, which will cover documents referred in article 133 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian Corporate Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, referred for the period ended on December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ANA PAULA VITALI JANES VESCOVI</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independent member, Brazilian, married, economist, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 724.203</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSP/ES and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 862.654.587-87, with professional address </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Presidente</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Juscelino</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Kubitschek</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">235, 19th floor, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo;</font></li>
</ul>
<p style="line-height: 18pt; margin: 0pt 0pt 0pt 35.4pt;"><br></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">A</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">BIO VENTURELLI</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independe</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">t member, Brazilian, divorced, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">production</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">engineer, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">12.147.832-4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSP/SP</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">114.256.038-40, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">with professional address at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Geraldo </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Flausino</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Gomes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 61, Cidade </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Mon&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font></li>
</ul>
<p style="line-height: 18pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">FL</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&#193;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">VIA BUARQUE DE ALMEIDA</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independent member, Brazilian, married, business administrator, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 13.146.760-8 SSP/SP and enrolled on CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 149.008.838-59, with professional address </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Brigadeiro Faria Lima</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">277, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22th</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> floor, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o Paulo;</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">FRANCISCO DE S&#193; NETO</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independe</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">t member, Brazilian, divorced, engineer, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2.723.624-25</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSP</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BA</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">359.663.195-53</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">with professional address at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Jacurici</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">73, ap</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 17A, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">t</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ate of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font></li>
</ul>
<p style="margin: 0px; text-indent: 0px;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>3</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin:0pt"><br></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;">
<div style="width: 8.5in; margin: 0 auto;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">JORGE MARQUES DE TOLEDO CAMARGO</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independent member, Brazilian, married, geologist, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 293.644/SSP-DF and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">114.400.151-04, with professional </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">address </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Almirante Sadock de S&#225;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 370/101, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of Rio de </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Janeiro;</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">JOS&#201; MAUR</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">I</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CIO PEREIRA COELHO</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independent member, Brazilian, married, banker and accountant, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 06.109.071-81/IFP-RJ and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">853.535.907-91, with professional address </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Brigadeiro Lu&#237;s Ant&#244;nio</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">343, 9th floor, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo;</font></li>
</ul>
<p style="margin: 0pt;"><br></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">MARCELO FARIA DE LIMA</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">independent member, Brazilian, married, economist, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5.952.648-3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IFP-RJ </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">715.269.947-04, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">with professional address at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">N</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">g</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#233;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ria</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">36, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Itaim</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Bibi,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">MARCOS MARINHO LUTZ</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian, married, marine engineer, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 15.649.492-9/SSP-SP and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 147.274.178-12, with professional address </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brigadeiro Lu&#237;s Ant&#244;nio</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">343, 9th floor, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o Paulo;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and</font></li>
</ul>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">PETER PAUL LOREN&#199;O ESTERMANN</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian, married, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">agronomy </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">engineer, bearer of the Identity Card RG under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">206.922.023-1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSP</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">279.185.726-53</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">with professional address at </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Cidade Jardim</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">803, 9</font><font style="font-family: 'Century Gothic'; font-size: 6.67pt; letter-spacing: 0.8pt; vertical-align: super;">th</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> floor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S&#227;o Paulo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></li>
</ul>
<p style="line-height: 18pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">It is hereby registered, under the terms of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Management Proposal for the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting, Mmes. Ana Paula Vitali Janes Vescovi and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Fl</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#225;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">via</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Buarque</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> de Almeida, and Messrs. Fabio </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Venturelli</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, Francisco de </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S&#225; Neto, Jorge Marques de Toledo Camargo, Jos&#233; Mauricio Pereira </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Coelho</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Marcelo Faria de Lima are defined as independent members under the terms of the definition provided for in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">Novo Mercado</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Regulation and in Annex K of CVM Resolution 80</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved, by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, the global </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">maximum</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">limit</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">for the compensation of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Management</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of the Company </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">for the period between May 2023 and April 2024 at </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">95</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,000,000.00 (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">nighty-five</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> million Reais)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> under the terms of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Management Proposal, disclosed to the market and filed at the Company&#8217;s headquarters.</font></p>
</div>
</li>
</ul>
<p style="line-height: 18pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>4</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Upon the request for </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">installation of the Fiscal Council made by a shareholder which holds more than 2% (two percent) of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company&#8217;s shares with voting right, under the terms of article 161 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CVM </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Resolution</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">70</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, the election of the following effective and alternate members of the Fiscal Council, with a term of office until the General </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of 2024</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, was approved by majority vote, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">which will assess the documents referred to in art</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">icle</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 133, of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, referring to the current fiscal year:</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">FL</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">A</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">VIO C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">E</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">SAR MAIA LUZ</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(effective member), Brazilian, married, engineer, enrolled on CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 636.622.138-34, resident and domiciled </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Alameda </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Canad&#225;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 162, Alphaville 2, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Barueri</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo;</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">M&#193;RCIO AUGUSTUS RIBEIRO </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(alternate member), Brazilian, married, engineer, enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 006.211.088-80, resident and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">domiciled </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Alameda </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Canad&#225;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 43, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vinhedo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo;</font></li>
</ul>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&#201;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">LCIO ARSENIO MATTIOLI</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">effective member</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian, married, accountant, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">094.477.978-65</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, resident and domiciled at </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Alameda Festiva, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 79, Residencial Una, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Itu</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">;</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">PEDRO OZIRES PREDEUS </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(alternate member), Brazilian, married, accountant, enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 005.474.508-00, resident and domiciled </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Marechal </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Hastimphilo</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> de Moura</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 338-C, ap. 23-B, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of S&#227;o </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Paulo;</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">MARCELO GON&#199;ALVES FARINHA</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(effective member)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian, married, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">insurance professional, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">enrolled on CPF/MF (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">063.750.328-73</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">resident and domiciled at </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SHIN QL 10 &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">Conjunto</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 02, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 13, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Bras&#237;lia, Federal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> District</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 63.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">SANDRA REGINA DE OLIVEIRA </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(alternate member), Brazilian, single, statistician, enrolled on CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (Taxpayers&#8217; Identification) under </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 057.186.378-73, resident and domiciled </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">at</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Ac&#225;cias</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Street</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 101/ 103, in the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ity and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">tate of Rio de Janeiro</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">. </font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by the majority of votes, without amendments or caveats, according to the voting map attached as Exhibit I of the minutes, the compensation for the members of the Fiscal Council herein elected, provided that the member elected as president of the Fiscal Council will be entitled to receive a monthly compensation of R$ 30</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,000</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.00 (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">thirty thousand R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">eais) and the other effective members will be entitled </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to receive a monthly compensation in the amount of R$ </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">00.00 (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">t</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">wenty thousand</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Reais).</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>5</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">At the Extraordinary Shareholder&#8217;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> Meeting:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes, without amendments or caveats,&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">proposal for a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> stock-based </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">incentive plan, pursuant to the documents made available to the market when this </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting was convened.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">10. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes, without amendments or caveats,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the amendment to the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">stock</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-based incentive plan approved by the Annual and Extraordinary General </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">held on</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> April 19, 2017</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by the majority of votes, without amendments or caveats,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, the increase in the Company's capital stock in the total amount of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">R$</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 1,450,000,000.00 (one billion, four hundred and fifty million Reais), without the issuance of new shares, through the incorporation to the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">capital stock</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of part of the resources registered in the statutory reserve for investments, in the amount of R$ 567,423,589.65 (five hundred and sixty-seven million, four hundred and twenty-three thousand, five hundred and eighty-nine Reais and sixty-five cents</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) and resources registered in the legal reserve, in the amount of R$ 882,576,410.35 (eight hundred and eighty-two million, five hundred and seventy-six thousand, four hundred and ten Reais and thirty-five cents</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of Real</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">), considering that the profit reserve balance exceeded the Company's capital stock, with the consequent amendment of Article 5 of the Company's Bylaws.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">12. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by the majority of votes, without amendments or caveats,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, the ratification of the change in the number of common shares into which the Company's capital stock is divided, within the authorized limit provided for in Article 6 of the Company's Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company upon the merger of all shares issued by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Imifarma</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Produtos</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Farmac&#234;uticos</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> e </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Cosm&#233;ticos</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> S.A. by the Company, approved by the Company's Extraordinary General </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting held on January 31, 2014, with the consequent ratification of the modification of the Company's capital stock, which is now represented by 1,115,204,291 (one billion, one hundred and fifteen million, two hundred and four thousand, two hundred and ninety-one) common shares, all registered and with</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> no</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> par value, and its reflection in article 5 of the Company's Bylaws.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by the majority of votes, without amendments or caveats,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, the amendments to the Company's Bylaws, as detailed in the Management Proposal, disclosed to the market on March 19, 2023, relating to: (a) adjustments to the procedures related to the general </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">meeting and meetings of the Board of Directors and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> Executive </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Board</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, with the simplification of the installation rites, proof of shareholder status and drawing up of the minutes; (b) adjustment to management tenure conditions to reflect all corporate policies; (c) greater detail of the judicial and administrative processes that must be informed by the candidates that will compose the slate(s); (d) exclusion of the possibility of calling the Board of Directors' meeting by letter, telegram and fax; (e) change in the nomenclature of the position of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Investor Relations Officer; (f) adjustment of the competences of the Strategy Committee and the Audit and Risks Committee; and (g) simplification of the wording of statutory provisions, through the elimination of replicated content of legislation, regulations in force, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">corporate policies or adaptation of the Bylaws to the legal text, as well as formal adjustments</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">clarity, renumbering and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">cross-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">references, when applicable. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Said amendments were included in the consolidated version of the Bylaws contained in Exhibit II to these minutes.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Approved by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes, without amendments or caveats,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">according to the voting map attached as Exhibit I of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, the consolidation of the Bylaws, pursuant to Annex II, reflecting the resolutions approved herein.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>6</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">General Notes and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">Closing</font><font style="font-family: 'Century Gothic'; font-size: 10pt;">:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The Chairman of the Board registered that (i) the items of the Meeting were recorded, and such recordings will be filled in the Company&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">headquarter</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, under the terms of article </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">30</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, sole paragraph, of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CVM 81; (ii) voting instructions were received, including the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">voting instruction of The Bank of New York Mellon, as depositary of American Depositary Receipts guaranteed in shares, with the respective vote cast, which are filed in the Company&#8217;s headquarters, and will be attached to the present minutes;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and (iii) after </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chairman&#8217;s request</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> at the beginning of this Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, none of the members wanted to change their vote instructions sent in the remote voting ballot.&nbsp;&nbsp; </font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">In compliance with article 22, paragraph </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rticle 3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, paragraph 4 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CVM 80, the total votes of approval, rejection, and abstention computed in each item of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Agenda</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> are included in Exhibit I, which, for all effects, must be considered as integral part of the present minutes.</font></li>
</ul>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; letter-spacing: 0.8pt; line-height: 18pt; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">members of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Board of Directors and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Fiscal Council</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">herein elected, shall take the office in this date upon the signature of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> respective deeds of investiture filed at the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company&#8217;s headquarters, previously consulted and have declared that: (i) they are not impeded by special law, or convicted of a bankruptcy crime, prevarication, bribery, concussion, embezzlement, against the popular economy, public faith or property, or the criminal penalty that prohibits, even temporarily, access to public offices, as provided for in </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">paragraph</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 1 of art</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">icle</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 147 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the Brazilian Corpor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">te Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; (ii) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">they </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">are not sentenced to suspension or temporary disqualification imposed by the Securities and Exchange Commission, which makes them ineligible for management positions in publicly-held companies, as established in </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">paragraph</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 2 of art</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">icle</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 147 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the Brazilian Corpor</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">te Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; (iii) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">they </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">meet the requirement of unblemished reputation established by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">paragraph</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 3 of art</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">icle</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 147 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian Corporate </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">; (i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">v</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">they do not hold positions in companies that should be considered competitors of the Company; and (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">v</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) they do not have any conflict of interest with the Company, according to </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rticle 147 of Brazilian Corporate</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Law</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">404/76</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CVM </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Resolution</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">80/22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, which is also filed in the Company&#8217;s headquarters. The new members declare to be fully aware </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of the</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> corporate polic</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">es of the Company, including, the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Material Notice Disclosure Policy and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Securities Trading Policy</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">As there were no further matters to be discussed, the Meeting was concluded and the minutes were prepared and duly signed by the Chairman and the Secretary, and considered to have been signed by the participants, both through the digital platform and by sending ballot papers at a distance, pursuant to article 21-V, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">paragraph </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">paragraph </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2 of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RCVM 81.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">CHAIRMAN AND SECRETARY OF THE MEETING PRESENT BY DIGITAL MEANS, UNDER ARTICLE 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">, PARAGRAPH 5 OF </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">THE </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">CVM 81:&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chairman</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Luiz Antonio de Sampaio Campos</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Secret</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ary</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">: Andr&#233; Brickmann Areno</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>7</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<p style="margin:0pt"><br></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">SHAREHOLDERS PRESENT VIA DIGITAL PARTICIPATION, PURSUANT TO</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">ARTICLE 47, PARAGRAPH 1 OF </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">THE </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">RCVM 81:</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ULTRA SA PARTICIPACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PARTH DO BRASIL PARTICIPACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CHRISTY PARTICIPACOES LTDA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BETTINA IGEL HOFFENBERG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JENNINGS LUIS IGEL HOFFENBERG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PEDRO IGEL DE BARROS SALLES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MARCOS MARINHO LUTZ</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JULIO CESAR NOGUEIRA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RODRIGO DE ALMEIDA PIZZINATTO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ANDRE SALEME HACHEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AXA OR ET MATIERES PREMIERES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BEST INVESTMENT CORPORATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MG FUNDS 1 BLACKROCK EMERGING MARKETS EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NUSHARES ESG EMERGING MARKETS EQUITY ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AMUNDI INDEX SOLUTIONS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL MULTI-FACTOR EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LUX IM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BANK OF NEW YORK ADR DEPARTMENT</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CAIXA DE PREVID&#202;NCIA DOS FUNCION&#193;RIOS DO BANCO DO BRASIL (PREVI)</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THALES DE CARVALHO NASCIMENTO</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;">SHAREHOLDERS WHO VOTE THROUGH THE REMOTE VOTING PURSUANT TO ARTICLE 31 OF</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;"> THE</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; text-decoration: underline;"> RCVM 81:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BERGEN FIA - BDR N&#205;VEL I &#8211; IE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PATRIA PIPE FIFE PREVIDENCIA MULTIMERCADO FUNDO DE INVESTIME</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PATRIA PIPE MASTER FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PATRIA PIPE MASTER II FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PATRIA PRIVATE EQUITY VI FEEDER - FIP MULTIESTRATEGIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PATRIA PRIVATE EQUITY VI FIP MULTIESTRATEGIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ALDEN FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CLUBE DE INVESTIMENTO OMNI II</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GUEPARDO FI MULTIMERCADO LONGO PRAZO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GUEPARDO INSTITUCIONAL MASTER FUNDO DE INVESTIMENTO DE ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GUEPARDO MASTER FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GUEPARDO PREVIDENCIA FIFE FUNDO DE INVESTIMENTO MULTIMERCADO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FEBE VALOR FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA MASTER LONG BIASED FIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA MASTER LONG ONLY FIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FPRV SQA SANHACO FIA PREVIDENCIARIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA HORIZONTE FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FUNDO DE INVESTIMENTO EM ACOES RVA EMB IV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA MASTER IVP FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SV2 EQUITY LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GROUPER EQUITY L.L.C</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>8</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SNAPPER EQUITY L.L.C</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SV3 EQUITY LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SV4 EQUITY LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA INST FUNDO DE INVESTIMENTO EM ACOES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET GLOBAL EQUITY - ALPHA EXTENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ACADIAN EMERGING MARKETS EQUITY II FUND, LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENT COMPANY PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET US GROUP TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET ACWI EX US ALPHA ESTENSION TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LACM ACWI EX US EQUITY FUND L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE HARTFORD INTERNATIONAL VALUE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES IV PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CLARITAS QUANT MASTER FIM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CLARITAS QUANT MASTER II FIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSGA SPDR ETFS EUROPE I PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WELLINGTON MANAGEMENT FUNDS (IRELAND) PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CALIFORNIA PUBLIC </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT SYSTEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL AND GENERAL ASSURANCE PENSIONS MNG LTD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">OREGON PUBLIC </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT SYSTEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK INSTITUTIONAL TRUST COMPANY NA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITY OF LOS ANGELES FIRE AND POLICE PENSION PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CIBC EMERGING MARKETS INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DIMENSIONAL EMERGING MKTS VALUE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES RET SYSTEM OF THE STATE OF HAWAII</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL TR COMPANY COMMINGLED E. B. F. T. R. L. D. I. S.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IBM 401 (K) PLUS PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LELAND STANFORD JUNIOR UNIVERSITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LOCAL </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AUTHORITIES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> SUPERANNUATION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MANAGED PENSION FUNDS LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORGES BANK</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PACIFIC SELECT FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PUBLIC </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT SYSTEM OF OHIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PUBLIC </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT ASSOCIATION OF NEW MEX</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PUBLIC EMPLOYES RET SYSTEM OF MISSISSIPPI</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENTS INTERNATIONAL SHARES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSEL INVESTIMENT FUNDS NON.US. FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE OF IND PUBLIC EMPL RET FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE ST GL ADV TRUST COMPANY INV FF TAX EX RET PLANS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING PHILIPS PENSIOENFONDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PARAMETRIC TAX-MANAGED EMERGING MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEACHER RETIREMENT SYSTEM OF TEXAS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CONSULTING GROUP CAPITAL MKTS FUNDS EMER MARKETS EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE EMERGING M.S. OF THE DFA I.T.CO.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MONETARY AUTHORITY OF SINGAPORE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RAYTHEON TECHNOLOGIES C. M. R. TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD INVESTMENT SERIES PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE OF NEW JERSEY COMMON PENSION FUND D</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AEGON CUSTODY BV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSGA MSCI BRAZIL INDEX NON-LENDING QP COMMON TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CAISSE DE DEPOT ET PLACEMENT DU QUEBEC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITY OF PHILADELPHIA PUB EMPLOYEES RET SYSTEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENT COMPANY - RUSSELL I D MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>9</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK ADVANTAGE GLOBAL FUND INC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IN BK FOR REC AND </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DEV,AS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> TR FT ST RET PLAN AND TR/RSBP AN TR</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE OF MINNESOTA STATE EMPLOYEES RET PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CALIFORNIA STATE </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEACHERS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT SYSTEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ALBERTA INVESTMENT MANAGEMENT CORPORATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE PENSION RESERVES INVESTMENT MANAGEMENT BOARD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">USAA INTERNATIONAL FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VKF INVESTMENTS LTD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WASHINGTON STATE INVESTMENT BOARD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WM POOL - GLOBAL EQUITIESTRUST N 6</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AWARE SUPER PTY LTD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LOS ANGELES COUNTY EMPLOYEES RET ASSOCIATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLUE SHIELD OF CALIFORNIA EM RT PLAN THE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CALIFORNIA PHYSICIANS SERVICE D/B/A BLUE SHIELD O</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FORD MOTOR CO DEFINED BENEF MASTER TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FORD MOTOR COMPANY OF CANADA, L PENSION TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INTERNATIONAL MONETARY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MUNICIPAL E ANNUITY A B FUND OF CHICAGO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SALT RIVER PIMA-MARICOPA INDIAN C</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHITING BLUE SKY ACT EQ EM MK GL FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEACHERS RETIREMENT SYSTEM OF THE STATE OF ILLINOIS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BOARD OF.A.C.E.R.S.LOS </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ANGELES,CALIFORNIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">HOSPITAL AUTHRORITY PROVIDENT FUND SCHEME</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ILLINOIS MUNICIPAL RETIREMENT FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">UTAH STATE RETIREMENT SYSTEMS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SUPERANNUATION FUNDS MANAGEMENT CORPORATION OF S AUSTRALIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BOARD OF PENSIONS OF THE EVANGELICAL LUTHERAN CHURCH IN AMER</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">OLD WESTBURY SMALL MID CAP STRATEGIES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COMMONWEALTH GLOBAL SHARE FUND 17</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK VARIABLE INS TRUST INTERN EQUITY INDEX TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NTGI QUANTITATIVE MANAGEMENT COLLEC FUNDS TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSEL INVESTMENTS GLOBAL EQUITY POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE REGENTS OF THE UNIVERSITY OF CALIFORNIA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMER MKTS CORE EQ PORT DFA INVEST DIMENS GROU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DUKE POWER CO EMPLOYEE RETIREMENT PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ALASKA PERMANENT FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITY OF NEW YORK GROUP TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VICTORIAN FUNDS MAN C A T F V E M T</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK LIFE LIMITED - DC OVERSEAS EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE SEVENTH SWEDISH NATIONAL PENSION FUND - AP7 EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IBM DIVERSIFIED GLOBAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NTGI QM COMMON DAILY ALL COUNT WORLD EXUS EQU INDEX FD LEND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN EMERGING MARKETS EQUITY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KAISER FOUNDATION HOSPITALS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE NOMURA T AND B CO LTD RE I E S INDEX MSCI E NO HED M FUN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PARAMETRIC EMERGING MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ACTIVE M INTERNATIONAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING BEDRIJFSTAKPENSIOENFONDS V H BEROEPSVERVOER O D WE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CHEVRON UK PENSION PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COMMONWEALTH BANK GROUP SUPER</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ALASKA COMMON TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI BRAZIL ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES II PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CHANG HWA COM BK LTD IN ITS CAP AS M CUST OF P LAT A EQ FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SUNSUPER SUPERANNUATION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SPDR SP EMERGING MARKETS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NEW YORK STATE </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEACHERS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> RETIREMENT SYSTEM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COUNTY </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMPLOYEES</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> ANNUITY AND BENEFIT FD OF THE COOK COUNTY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENT COMPANY GLOBAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK FUNDS II EMERGING MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK VARIABLE INS TRUST EMERGING MARKETS VALUE TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ACADIAN GLOBAL MARKET NEUTRAL FUND, LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CANADA PENSION PLAN INVESTMENT BOARD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FUTURE FUND BOARD OF GUARDIANS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IPROFILE INTERNATIONAL EQUITY PRIVATE POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NATIONAL COUNCIL FOR SOCIAL SECURITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IVESCO FTSE RAFI EMERGING MARKETS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSEL OVERSEAS EQUITY POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN TRUST INVESTIMENT FUNDS PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI BRIC ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WISDOMTREE EMERGING MARKETS SMALLCAP DIVIDEND FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PUBLIC SECTOR PENSION INVESTMENT BOARD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCHWAB FUNDAMENTAL EMERGING MARKETS LARGE COMPANY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COLLEGE RETIREMENT EQUITIES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EATON VANCE INT (IR) F PLC-EATON V INT (IR) PAR EM MKT FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING PENSIOENFONDS UWV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EASTSPRING INVESTMENTS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL &amp; GENERAL INTERNATIONAL INDEX TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD TOTAL WORLD STOCK INDEX FUND, A SERIES OF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BANK OF NEW YORK MELLON EMP BEN COLLECTIVE INVEST FD PLA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INSTITUTIONAL FDS, LLC - RI EQUITY FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES III PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NTGI-QM COMMON DAC WORLD EX-US INVESTABLE MIF - LENDING</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AMERICAN HEART ASSOCIATION, INC.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CUSTODY BANK OF JAPAN, LTD. RE: EMERG EQUITY PASSIVE MOTHR F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BELLSOUTH CORPORATION RFA VEBA TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CENTRAL PROVIDENT FUND BOARD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PACIFIC SELECT FUND - PD EMERGING MARKETS PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARIZONA PSPRS TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KAISER PERMANENTE GROUP TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET TRUST: FIDELITY SERIES G EX US I FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCHWAB EMERGING MARKETS EQUITY ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LACM EMERGING MARKETS FUND L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI EMERGING MARKETS ETF</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>11</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BANK OF N. Y. M. (INT) LTD AS T. OF I. E. M. E. I. F. UK</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESCO MARKETS III PLC - INV FTSE RI EMERGING MARK U ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">QSUPER</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CHANG HWA CO BANK, LTD IN ITS C AS M CUST OF N B FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BMO MSCI EMERGING MARKETS INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NTGI-QM COMMON DAILY EMERGING MARKETS EQUITY I F- </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NON L</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TIAA-CREF FUNDS - TIAA-CREF EMERGING MARKETS EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TIAA-CREF FUNDS - TIAA-CREF EMERGING MARKETS EQUITY I F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL GENERAL GLOBAL EMERGING MARKETS INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CUSTODY B. OF J. LTD. RE: STB D. E. E. F. I. M. F.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BNYM MELLON CF SL EMERGING MARKETS STOCK INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSGA MSCI ACWI EX-USA INDEX NON-LENDING DAILY TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DELA DEPOSITARY ASSET MANAGEMENT B.V.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">QIC INTERNATIONAL EQUITIES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GMO GLOBAL R RETURN (UCITS) F, A SUB-FUND OF GMO FUNDS PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIRST TRUST BRAZIL ALPHADEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING PENSIOENFONDS ING</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EUROPEAN CENTRAL BANK</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VERIZON MASTER SAVINGS TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK HEDGED EQUITY INCOME FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TOTAL INTERNATIONAL EX U.S. I MASTER PORT OF MASTER INV PORT</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI ACWI EX U.S. ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI ACWI ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NAT WEST BK PLC AS TR OF ST JAMES PL GL EQUITY UNIT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET T: FIDELITY E M INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET T: FIDELITY G EX U.S INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MIP ACTIVE STOCK MASTER PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">POLUNIN DEVELOPING COUNTRIES FUND, LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DWS ADVISORS EMERGING MARKETS EQUITIES-PASSIVE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NN (L) EMERGING MARKETS HIGH DIVIDEND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES EMERGING MARKETS FUNDAMENTAL INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VOYA EMERGING MARKETS INDEX PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD FUNDS PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MERCER QIF FUND PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ONEPATH GLOBAL EMERGING MARKETS SHARES(UNHEDGED) INDEX POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GMO IMPLEMENTATION FUND, A SERIES OF GMO TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SQUADRA TEXAS LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COMMONWEALTH SUPERANNUATION CORPORATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SUNCORP GROUP GLOBAL EQUITIES TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCHRODER EMERGING MARKETS FUND SUSTAINABLE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES CORE MSCI EMERGING MARKETS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK GLOBAL INDEX FUNDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EVTC CIT FOF EBP-EVTC PARAMETRIC SEM CORE EQUITY FUND TR</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EQ/EMERGING MARKETS EQUITY PLUS PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KAPITALFORENINGEN SAMPENSION INVEST, GEM ENHANCED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCOTTISH WIDOWS INVESTMENT SOLUTIONS FUNDS ICVC- FUNDAMENTAL</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>12</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WILSHIRE MUTUAL FUNDS, INC. - WILSHIRE INTERNATIONAL EQUITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KAPITALFORENINGEN LAEGERNES PENSIONSINVESTERING, LPI AEM III</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MISSOURI EDUCATION PENSION TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GENERAL PENSION AND SOCIAL SECURITY AUTHORITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CONNECTICUT GENERAL LIFE INSURANCE COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EXELON GENERATION COMP, LLC TAX QUALIFIED NUCLEAR DECOMM PAR</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">QS INVESTORS DBI GLOBAL EMERGING MARKETS EQUITY FUND LP</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCHWAB FUNDAMENTAL EMERG0ING MARKETS LARGE COMPANY INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CLINTON NUCLEAR POWER PLANT QUALIFIED FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THREE MILE ISLAND UNIT ONE QUALIFIED FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL TRUST COMPANY COMMINGLED EMPLOYEE BENEFIT FUNDS T</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET IRELAND UNIT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DEUTSCHE X-TRACKERS MSCI ALL WORLD EX US HEDGED EQUITY ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LACM GLOBAL EQUITY FUND L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">XTRACKERS (IE) PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEACHERS RETIREMENT SYSTEM OF THE CITY OF NEW YORK</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">XTRACKERS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY INVESTMENT FUNDS FIDELITY INDEX EMERG MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN TRUST COLLECTIVE ALL COUNTRY WORLD I (ACWI) E-U F-L</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN TRUST COLLECTIVE EMERGING MARKETS INDEX FUND-LEND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ST STR MSCI ACWI EX USA IMI SCREENED NON-LENDING COMM TR FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SPDR MSCI EMERGING MARKETS STRATEGICFACTORS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NAT WEST BK PLC AS TR OF ST JAMES PL ST MANAGED UNIT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK A. M. S. AG ON B. OF I. E. M. E. I. F. (CH)</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSGA SPDR ETFS EUROPE II PUBLIC LIMITED COMPANY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET GLOBAL ALL CAP EQUITY EX-US INDEX PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GENERAL ORGANISATION FOR SOCIAL INSURANCE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL GENERAL GLOBAL EQUITY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MOBIUS LIFE LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">POLUNIN EMERGING MARKETS SMALL CAP FUND, LLC.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INTERNATIONAL EXPATRIATE BENEFIT MASTER TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WISDOMTREE EMERGING MARKETS EX-STATE-OWNED ENTERPRISES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SHELL FOUNDATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INSTITUTIONAL FUNDS, LLC-RUSSELL GLOBAL EQUITY P F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MORGAN STANLEY INVESTMENT FUNDS GLOBAL BALANCED INCOME FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WILMINGTON MULTI-MANAGER ALTERNATIVES FUND</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>13</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AQR FUNDS - AQR TM EMERGING MULTI-STYLE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">POOL REINSURANCE COMPANY LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL GENERAL COLLECTIVE INVESTMENT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET (CANADA) GLOBAL ALL-COUNTRY FUND I</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PIMCO EQUITY SERIES: PIMCO RAE EMERGING MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENT COMPANY RUSSELL TAX-MANAGED INTERNATIONAL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PIMCO RAE EMERGING MARKETS FUND LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AQR UCITS FUNDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET GLOBAL </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ADVISORS</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> LUX SICAV - S </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">S</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> G E M I E FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET EMERGING MARKETS EQUITY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK STRATEGIC FUNDS - BLACKROCK EMERGING MARKETS E S F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK STRATEGIC FUNDS - BLACKROCK SYSTEMATIC GLOBAL E F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GMO BENCHMARK-FREE FUND, A SERIES OF GMO TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET COLLECTIVE INVESTMENT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LACM EMII, L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BOARD OF THE PENSION PROTECTION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WM POOL - EQUITIES TRUST NO. 75</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FUNDAMENTAL LOW V I E M EQUITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN TRUST UCITS FGR FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET TRUST: FIDELITY SAI EMERGING M I FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE STREET ICAV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GAM INVESTMENT MANAGEMENT (SWITZERLAND) AG F Z I I-Z A E M P</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET INTERNATIONAL EQUITY ACWI EX US ALPHA EXT T FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET INTERNATIONAL EQUITY ACWI EX US TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ACADIAN COLLECTIVE INVESTMENT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES ESG MSCI EM ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET T: FIDELITY TOTAL INTE INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NAVARRO 1 FUND LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORDEA 2 SICAV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DWS I. GMBH FOR DEAM-FONDS KG-PENSIONEN</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>14</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL &amp; GENERAL ICAV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD INV FUNDS ICVC-VANGUARD FTSE GLOBAL ALL CAP INDEX F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MINISTRY OF ECONOMY AND FINANCE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK FUNDS II INTERNATIONAL STRATEGIC EQUITY ALLOCAT</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITITRUST LTD A T VANGUARD FDS SERIES VANGUARD INCOME FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITITRUST LTD A T VANG FDS S - VANGUARD MODERATE GROWTH FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CITITRUST LIM AS TR OF BLACK PREMIER FDS- ISH WOR EQU IND FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET TRUST: FIDELITY FLEX INTERNATIONAL IND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET INTERNATIONAL EQUITY - EAFE ALPHA EXTENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET INTERNATIONAL EQUITY - ALPHA EXTENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LTD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET CAPITAL GLOBAL ALL COUNTRY ALPHA EXTENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY SALEM STREET TRUST: FIDELITY INTERNATIONAL SUSTAINA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MORGAN STANLEY INVESTMENT FUNDS GLOBAL BALANCED DEFENSIVE FU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MORGAN STANLEY INVESTMENT FUNDS GLOBAL BALANCED FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WELLS FARGO FACTOR ENHANCED EMERGING MARKETS PORTFOLIO</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES MSCI EMERGING MARKETS EX CHINA ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PIMCO EQUITY SERIES: PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGIN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SPARTAN GROUP TRUST FOR EMPLYEE BENEFIT PLANS: SPARTAN EMERG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK CDN MSCI EMERGING MARKETS INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CDN ACWI ALPHA TILTS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMERGING MARKETS EQUITY INDEX MASTER FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMERGING MARKETS EQUITY INDEX ESG SCREENED FUND B</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMERGING MARKETS INDEX NON-LENDABLE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">EMERGING MARKETS INDEX NON-LENDABLE FUND B</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL ALPHA TILTS FUND A</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL ALPHA TILTS FUND B</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL EX-US ALPHA TILTS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL EX-US ALPHA TILTS FUND B</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>15</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL ALPHA TILTS ESG NON-LENDABLE FUND B</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NEW SOUTH WALLES TR CORP AS TR FOR THE TC EMER MKT SHAR FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENT MANAGEMENT LTD AS TRUSTEE OF THE RUSSELL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESCO PUREBETASM FTSE EMERGING MARKETS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FRANKLIN LIBERTYSHARES ICAV</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AQR INNOVATION FUND, L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ4000</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE INCUBATION FUND, LTD.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FRANKLIN LIBERTYQT EMERGING MARKETS INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FRANKLIN TEMPLETON ETF TRUST - FRANKLIN FTSE BRAZI</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">POLUNIN FUNDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL GEN FUTURE WRD CLIMATE CHANGE EQTY FACTORS IND FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD EMERGING MARKETS STOCK INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ABU DHABI RETIREMENT PENSIONS AND BENEFITS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MERCER EMERGING MARKETS SHARES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">COLONIAL FIRST STATE INVESTMENT FUND 50</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PARAMETRIC TMEMC FUND, LP</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VARIABLE INSURANCE PRODUCTS FUND II: INTERNATIONAL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DEUTSCHE ASSET MANAGEMENT S.A. FOR ARERO - DER WEL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESTERINGSFORENINGEN NORDEA INVEST EMERGING MKTS E. KL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET ACWI ALPHA EXTENSION FUND III (CAYMAN)</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MSCI EQUITY INDEX FUND B - BRAZIL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCRI ROBECO QI INST EMERG MKTS ENHANCED IND EQUITIES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SUNAMERICA SERIES TRUST SA EMERGING MARKETS EQUITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MSCI ACWI EX-U.S. IMI INDEX FUND B2</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LAERERNES PENSION FORSIKRINGSAKTIESELSKAB</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>16</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY CONCORD STREET TRUST: FIDELITY ZERO INT. INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NATIONAL WESTMINSTER BANK PLC AS TRUSTEE OF ST. JA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WEST YORKSHIRE PENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES (DE) I INVESTMENTAKTIENGESELLSCHAFT MIT TG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FRANKLIN TEMPLETON ETF TRUST - FRANKLIN FTSE LATIN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ROBECO CAPITAL GROWTH FUNDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LVIP SSGA EMERGING MARKETS EQUITY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET EAFE ALPHA EXTENSION TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">XTRACKERS MSCI EMERGING MARKETS ESG LEADERS EQUITY</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AVIVA I INVESTMENT FUNDS ICVC - AVIVA I INTERNATIONAL I T F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SYMMETRY PANORAMIC GLOBAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">POLUNIN CAPITAL PARTNERS COLLECTIVE INVESTMENT TRU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DESJARDINS RI EMERGING MARKETS MULTIFACTOR - LOW C</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD FIDUCIARY TRT COMPANY INSTIT T INTL STK MKT INDEX T</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SEI GLOBAL MASTER FUND PLC - THE SEI FACTOR ALLOCA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET EMERGING MARKET ALPHA EXTENSION TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX E</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET (CANADA) INTERNATIONAL DEVELOPED MARKE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PHILADELPHIA GAS WORKS PENSION PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PENSIOENFONDS WERK EN (RE)INTERGRATIE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">CHUBB CORPORATION MASTER RETIREMENT TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MERCER UCITS COMMON CONTRACTUAL FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ABERDEEN INVESTMENT FUNDS UK ICVC II - ABERDEEN EM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AQR LUX FUNDS II - AQR STYLE PREMIA: ALL COUNTRY EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET CAPITAL ESG GLOBAL EQUITY LONG/SHORT F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JSS INVESTMENTFONDS-JSS SUSTAINABLE EQUITY -S.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">E.MARKETS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RBC QUANT EMERGING MARKETS DIVIDEND LEADERS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RBC QUANT EMERGING MARKETS EQUITY LEADERS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET ACWI ALPHA EXTENSION FUND V (CAYMAN) L</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS EMERGING M</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SPARTAN GROUP TRUST FOR EMPLOYEE BENEFIT PLANS: SP</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED AS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ASSET MANAGEMENT EXCHANGE UCITS CCF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD F. T. C. INST. TOTAL INTL STOCK M. INDEX TRUST II</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES ESG MSCI EM LEADERS ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RBC QUBE LOW VOLATILITY EMERGING MARKETS EQUITY FU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THIRD AVENUE TRUST, ON BEHALF OF THIRD AVENUE VALUE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>17</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GLOBAL ALL CAP ALPHA TILTS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GOTHAM CAPITAL V, LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLK MAGI FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">KAPITALFORENINGEN EMD INVEST, EMERGING MARKETS IND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MORGAN STANLEY INVEST. FUNDS G. BALANCED SUSTAINABLE FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL GENERAL CCF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING PENSIOENFONDS PGB</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK ADVANTAGE ESG EMERGING MARKETS EQUITY FUND OF BLAC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARERO - DER WELTFONDS -NACHHALTIG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DIMENSIONAL EMERGING CORE EQUITY MARKET ETF OF DIM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET EMK ALPHA EXTENSION FUND L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JOHN HANCOCK TRUST COMPANY COLLECTIVE INVESTMENT T</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NATIONAL EMPLOYMENT SAVINGS TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">DESJARDINS RI EMERGING MARKETS - LOW CO2 INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">IMCO EMERGING MARKETS PUBLIC EQUITY LP</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET EMERGING MARKET TRUST FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCOTTISH WIDOWS MANAGED INVESTMENT FUNDS ICVC -INT</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">HSBC BANK PLC AS TRUSTEE OF STATE STREET AUT EMERG</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">QIC LISTED EQUITIES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET (DELAWARE) ALPHA EXTENSION FUND L.P.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESCO MSCI EMERGING MARKETS ESG UNIVERSAL SCREEN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RUSSELL INVESTMENTS CANADIAN DIVIDEND POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LGIASUPER TRUSTEE</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MACQUARIE MULTI-FACTOR FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MACQUARIE TRUE INDEX EMERGING MARKETS FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET ACWI ALPHA EXTENSION COMMON VALUES TRU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESCO RAFI FUNDAMENTAL GLOBAL INDEX TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">NORTHERN TRUST COLLECTIVE EMERGING MARKETS EX CHIN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">HARTFORD SCHRODERS DIVERSIFIED EMERGING MARKETS FU</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING JURIDISCH EIGENAAR ACHMEA INVESTMENT MAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">GMO EMERGING MARKETS EX-CHINA FUND, A SERIES OF GM</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FLEXSHARES ESG AND CLIMATE EMERGING MARKETS CORE INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LEGAL &amp; GENERAL FUTURE WORLD ESG EMERGING MARKETS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESTERINGSFORENINGEN D. I. I. G. AC R. - A. KL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">INVESTERINGSFORENINGEN D. I. I. G. E. M. R. - A. KL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THIRD AVENUE VARIABLE SERIES TRUST - THIRD AVENUE</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: terminal, monaco;" class="pageno"><font class='pageno'>18</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: terminal, monaco;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WISDOMTREE EMERGING MARKETS EX-CHINA FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK BALANCED CAPITAL FUND, INC.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES CORE MSCI EMERGING MARKETS IMI INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES ESG AWARE MSCI EMERGING MARKETS INDEX ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAP, LTD. AS TR. FOR MTBJ400045828</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAP., LTD. AS TR. FOR MTBJ400045829</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. AS T. FOR MTBJ400045835</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. AS TRU FO MTBJ400045849</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. AS TR FOR MUTB400045792</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. TRUSTEE MUTB400045794</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MUTB4000</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET CAPITAL COPLEY FUND LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">MBB PUBLIC MARKETS I LLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCOTIA EMERGING MARKETS EQUITY INDEX TRACKER ETF</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">TEXAS PERMANENT SCHOOL FUND CORPORATION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">FIDELITY GLOBAL EX-U.S. EQUITY INDEX INSTITUTIONAL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">LOS ANGELES CAPITAL GLOBAL FUNDS PLC</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ALLIANZ GL INVESTORS GMBH ON BEHALF OF ALLIANZGI-FONDS DSPT</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AVIVA INVESTORS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">AVIVA LIFE PENSIONS UK LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK ASSET MANAG IR LT I ITS CAP A M F T BKR I S FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ISHARES EMERGING MARKETS IMI EQUITY INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">JP MORGAN CHASE RETIREMENT PLAN</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">H.E.S.T. AUSTRALIA LIMITED</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BUREAU OF LABOR FUNDS - LABOR PENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BUREAU OF LABOR FUNDS - LABOR RETIREMENT FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET GLOBAL EQUITY FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SAS TRUSTEE CORPORATION POOLED FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SBC MASTER PENSION TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SCHRODER INTERNATIONAL SELECTION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SHELL TR (BERM) LTD AS TR O SHELL OV CON P F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE OF WYOMING</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STICHTING SHELL PENSIOENFONDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTER TRUST</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE CHURCH COMMISSIONERS FOR ENGLAND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE SHELL CONTRIBUTORY PENSION FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD EMERGING MARKETS SHARES INDEX FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VANGUARD TOTAL INTERNATIONAL STOCK INDEX FD, A SE VAN S F</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">HIGHLAND PUBLIC INFLATION HEDGES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE HARTFORD GLOBAL REAL ASSET FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">THE CHASE MAN BK AS TR OF DELTA MASTER FD</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WELLINGTON DIVERSIFIED INFLATION HEDGES FUND</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">BLACKROCK ADVANTAGE E. M. FUND OF BLACKROCK FUNDS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">VERDIPAPIRFONDET KLP AKSJE FREMVOKSENDE MARKEDER INDEKS I</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">WELLINGTON TRUST COMPANY N.A.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">STATE OF NEW MEXICO STATE INV. COUNCIL</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">PEOPLE S BANK OF CHINA</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ARROWSTREET CAPITAL GLOBAL EQUITY LONG/SHORT FUND LIMITED</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>19</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 201.9pt;">
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt;">CNPJ n&#186; 33.256.439/0001- 39</font></h1>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 201.95pt;">
<h1 style="font-size: 10pt; line-height: 150%; margin: 0pt 59.9pt 0pt 10.75pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt;">NIRE 35.300.109.724</font></h1>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">EXHIBIT I OF THE MINUTES OF THE ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING HELD ON APRIL 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">VOTING MAP</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">In accordance </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> CVM </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Resolution</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> 80</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, in particular the article 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, paragraph </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">article 3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, paragraph 4, the Company informs the total number of approvals, rejections, and abstentions of each decision taken:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">On Annual General </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Meeting:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">approval of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">management </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">report and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">annual </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">accounts of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, as well as the financial statements</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and its notes, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">duly accompanied with independent auditor report and Fiscal Council opinion related to the fiscal year ended on December 31, 2022</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></li>
</ol>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">756</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">888</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">824 / 85</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">258</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">236 / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">126</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">451</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">42</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 14</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 150%; margin: 4pt 0pt 6pt 39.6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>2. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">llocation of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">net income for the fiscal year ended December 31, 2022</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, pursuant to the Management Proposal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">320</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">807 / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">26</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">746 / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">250</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">93</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> d</font><font style="font-family: 'Century Gothic'; font-size: 10pt;"> of present shareholders</font></p>
</td>
</tr>

</table>
<p style="margin:0pt"><br></p>
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>3. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">etting the number of members to be elected to the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, pursuant to the Management Proposal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">284</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">161</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">53</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">823</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">260</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">50</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>4. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the e</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">lection of the slate </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> comp</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rise</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, pursuant to the Management Proposal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">960</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">311</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">035</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">131</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">603</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">04</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><br></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>20</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
&nbsp;
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>5. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the e</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">stablishment of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Management&#8216;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s global compensation</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, pursuant to the Management Proposal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">855</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">961</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">676</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 96</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">339</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">339</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">47</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 150%; margin: 4pt 0pt 6pt 39.6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>6. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the e</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">lection of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">effective </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">members of the Fiscal Council and their respective alternates, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">pursuant to the Management Proposal:</font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Messrs</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Fl</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">vio Cesar Maia Luz</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ef</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">fective</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">M&#225;rcio Augustus Ribeiro</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">043</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">529</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">248</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">226</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">306</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">73</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Messrs</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. &#201;lcio Arsenio Mattioli (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ef</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">fective</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Pedro Ozires </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Predeus</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">042</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">723</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">249</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">025</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">306</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">74</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Messrs</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Marcelo Gon&#231;alves Farinha</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">ef</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">fective</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) e </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sandra Regina de Oliveira</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) </font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">243</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">276</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">48</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">463</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">306</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">50</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>7. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the establishment of the compensation of the members of the Fiscal Council for the term of office that begins in April 2023</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">860</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">175</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">183</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">3%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">84</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">220</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">23</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">339</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">08</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">6%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">On</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Extraordinary</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> General</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"> meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">pproval of a new stock-based incentive plan</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">pursuant to the Management Proposal:</font></li>
</ol>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">628</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">277</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">053</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">71</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">233</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">133</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">750</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 26</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">251</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">08</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>2. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the approval of an amendment to the stock-based incentive plan approved at the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2017</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="height: 51px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">586</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">782</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">561</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 66</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">274</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">579</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">613</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 31</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">299</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">71</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>21</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>3. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the approval of the increase in the Company's capital stock, through the capitalization of part of the profit reserves</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and the legal reserve</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, without the issuance of new shares, with the consequent amendment of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">rticle 5 of the Bylaws currently in force</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">331</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">582</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">79</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">018</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">251</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">28</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>4. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the approval of the merger of shares issued by </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Imifarma</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Produtos</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Farmac&#234;uticos</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> e </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Cosm&#233;ticos</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> S.A. by the Company by the Extraordinary General Shareholders&#8217; Meeting held on January 31, 2014:</font></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">344</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">818</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">66</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">379</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">250</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">68</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>5. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the amendments to the Company's Bylaws, as follows:</font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Adjustments to the procedures related to the general </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">meeting and meetings of the Board of Directors and </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Executive Board, with the simplification of the installation rites, proof of shareholder capacity and drawing up of the minutes</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">351</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">464</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">57</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">992</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">252</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">42</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Adjustment in the tenure condition of the management to reflect all corporate policies</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">348</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">062</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">61</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">876</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">251</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">94</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><br></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>22</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
&nbsp;
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Further detailing of the judicial and administrative proceedings that must be informed by the candidates who will compose the slate(s)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">348</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">699</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">56</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">005</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">257</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">d)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Exclusion of the possibility of calling the Board of Directors&#8217; meeting by letter, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">telegram</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> and fax</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">309</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">906</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/ 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">51</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">181</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">300</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">79</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">e)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Change of </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">nomenclature of the position of the Investor Relations Officer</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">356</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">783</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">53</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">328 </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/ 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">251</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">77</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">f)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Adjustment of powers of the Strategy Committee and the Audit and Risks Committee</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">347</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">699</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">60</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">662</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">253</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">52</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="margin:0pt"><br></p>
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">g)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Simplification of the wording of statutory provisions, by eliminating the replicated content of legislation, regulations in force, corporate policies</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> or adaptation of the Bylaws to the legal text, as well as formal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> adjustments of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> clarity, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">re</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">numbering and cross-reference</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, if applicable</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 11.95pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">356</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">529</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 13.65pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">54</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">648</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 7.6pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">250</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">70</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 31.31pt; padding-left: 4.69pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>6. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vote on the a</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">pproval of the consolidation of the Bylaws, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> reflect the changes proposed in the items above</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">:</font><br></font></div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%; height: 51px;" width="80%" border="0.5pt solid rgb(0, 0, 0)">

<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. of votes in favor</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">861</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">349</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">403</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 97</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> votes </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">against</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">60</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">405</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"> / 0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">0%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">abstentions</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 152.5pt; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">252</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">07</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">7</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/ 2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">5%</font> <font style="font-family: 'Century Gothic'; font-size: 10pt;">of present shareholders</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>23</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt;"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">EXHIBIT II OF THE MINUTES OF THE ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING HELD ON APRIL 1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">For the Bylaws of Ultrapar, please refer to the page below</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
</div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin:0pt"><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><a href="#TOC" name="Bbylaws_6JY34MBK9C00000000000000000000" class="customBookmark" style="color: #000000; cursor: default; pointer-events: none; outline: none;">BYLAWS</a></font></div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>I</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Name, Headquarters,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Purpose</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>and Term</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company is an authorized capital company (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">sociedade</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;"><font>&nbsp;</font>de capital<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">autorizado</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">).&nbsp; The name of the Company is ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.&nbsp; The Company&#8217;s listing on the New Market (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: italic; letter-spacing: 0.8pt;">Novo Mercado</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) special segment of B3 S.A. &#8211;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brasil</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, Bolsa,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Balc&#227;o</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>(&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;).</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company&#8217;s headquarters and jurisdiction<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">are located in</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>the city of S&#227;o Paulo, State of S&#227;o Paulo.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The purpose of the Company is to invest its own capital in commerce, industry,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">agriculture</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and service provision, through the subscription or acquisition of shares or quotas of other companies.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company is organized for an indefinite term.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>II</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Capital<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Stock and Shares</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 12pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The subscribed and paid-in capital stock is R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) represented by one billion, one hundred and fifteen million, two hundred and four thousand, two hundred ninety-one (1,115,204,291) nominative common shares, with no par<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">value, and with no issuance of preferred shares or founder&#8217;s shares permitted.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">All of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the bookkeeping institution, as set forth in the stock bookkeeping agreement.</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws.</font></p>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article:</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Directors;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the former shareholders or reduce the period for the exercise thereof.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>9</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 36pt;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>III</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>10</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The annual Shareholders&#8217; Meeting shall be called by the Board of Directors within the first four (4) months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Shareholders&#8217; Meeting shall be presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><br></p>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>26</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">In order to</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">shown to the Company until the Shareholder&#8217;s Meeting is held, if held in person.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1&#170;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Shareholders may participate in the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2&#170;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">taking into account</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>blank votes, except as otherwise provided for by law or in these Bylaws.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Board of Directors shall determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of the People Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of the People Committee, as provided for in Article 40 herein.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>IV</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company shall be managed by a Board of Directors and a Board of Executive Officers.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>27</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>V</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Board o</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">f Directors</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>I &#8211;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Members</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Directors shall be comprised of at least five (5) and at maximum eleven (11) members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of two (2) years, with reelection being permitted.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a conflicting interest with the Company&#8217;s interest or those of its controlled companies.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Directors of the Company shall have, at least, one third (1/3) or 02 (two), whichever is higher, independent members, pursuant<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">When,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>compliance with the percentage referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be immediately replaced.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as provided in Article 17 hereof.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>28</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>II &#8211;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Election</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">19</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates.&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, the existence of events of limitations or conflict of interest provided for in Article 147 of Law 6,404/76.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least five (5) days prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are available to the shareholders at the Company&#8217;s headquarters.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 4 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 5 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 6 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Each shareholder shall be entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>29</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;"><br></font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">provided that</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>they do so within, at least, forty-eight (48) hours in advance of the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaws.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of law no. 6,404/76, shareholders representing ten percent (10%) of the capital stock may require, in conformity with Paragraph 4 of Article 141 of Law 6,404/76, that the election of one of the members of the Board of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Directors is carried out separately, notwithstanding the rules set forth in Article 19 above</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">residing</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, three (3) years after the end of the term of office of the respective Director.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>III &#8211;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meetings and R</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">eplacements</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Directors shall hold regular meetings once every three (3) months and special meetings whenever called by the Chairman or by any two (2) Directors</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>meetings of the Board of Directors shall be called at least three (3) days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least two-thirds (2/3) of the elected members attend the meeting.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 4 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting.&nbsp; In this case, Directors will<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">be considered to be</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>present at the meeting and sign the corresponding minutes.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>30</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Except for the provisions in Paragraph 3 of Article 23,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Except for the possibility of election of Directors by multiple<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">vote</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>the Board of Directors, a Shareholders&#8217; Meeting shall be<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">called within fifteen (15) days from the date thereof, in order to elect substitutes, who shall complete the term of office of the replaced members.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>IV &#8211;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Powers</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Directors shall have the power to:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">set the general guidelines of the Company&#8217;s and its subsidiaries&#8217;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">business;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">duties;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company or by its<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">subsidiaries;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">approval;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">e)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People&#8217;s Committee, according to article 40, single paragraph, &#8220;b&#8221;.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">f)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of its subsidiaries, taking into consideration the People Committee&#8217;s<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">proposal;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">g)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">grant shares and stock options under the terms of Article 8 of these<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Bylaws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">h)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">call the Shareholders&#8217;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meetings;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>31</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Bylaws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">j)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Bylaws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">k)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable laws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">l)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">pass resolutions on the issuance of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">m)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">submit proposals to the Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Bylaws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">laws;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">o)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">approve the public issuance of commercial promissory notes by the Company or by its controlled<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">companies;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">p)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">approve the following transactions, either by the Company or by its controlled companies, when the value exceeds five percent (5%) of the Company&#8217;s shareholders&#8217; equity: (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">q)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">approve the execution of shareholders&#8217; agreements by the Company or by its controlled<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">companies;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">r)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">opinion;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">s)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 (fifteen) days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">) the convenience and opportunity of the tender offer for the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">t)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">approve corporate policies as per the proposals submitted by the relevant entities; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">u)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Chairman of the Board of Directors shall:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Directors;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">call and preside the meetings of the Board of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Directors;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>32</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">29</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>VI</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Board of Executive Officers</font></p>
<p style="margin: 12pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Executive Officers shall be comprised of up to eight (8) executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole paragraph.&nbsp; The term of the members of the Board of Executive Officers shall be 2 (two) years, with reelection permitted, and will continue until each successor is elected.&nbsp;</font><font style="font-family: 'times new roman', times;"><a href="#TOC"></a></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and shall specify the purpose and limit of the powers granted in the minutes of the meeting.&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">direct, instruct and coordinate the activities of the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Company;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">represent the Company in court, either as plaintiff or defendant.</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>33</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article<font>&nbsp;</font>34<font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt; margin-left: 36pt;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s<font>&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; letter-spacing: 0.8pt;">securities are traded, as well as maintain the registration of the Company updated in conformity with the<font>&nbsp;</font>CVM&#8217;s<font>&nbsp;</font>applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The executive officers shall substitute each other, subject to the following conditions:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to sixty (60) days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>VII</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Committees</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company shall have the following support committees attached to the Board of Directors:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt; text-decoration: none;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Audit and Risks<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Committee;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; text-decoration: none;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">People<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">and</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt; text-decoration: none;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">Strategy</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People Committee, the Strategy Committee and other additional committees that may be established by the Board of Directors for assistance in the management of the Company.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>34</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">8</font><font style="font-family: Calibri; font-size: 11pt; text-decoration: none;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">Subject to the criteria set forth below, the Committees shall be comprised of at least three (3) members, all elected by the Board of Directors for a term of office of two (2) years, and the term shall coincide with the term of office of the Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">During their term of office, the members of each Committee may not be replaced except for the following reasons:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">death or<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">resignation</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">unjustified absence from three (3) consecutive meetings or six (6) alternate meetings per year; or</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">a substantiated decision of the Board of Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 (ten) years.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">39</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 36pt;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least one (01) member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">A single member of the Audit and Risks Committee may concentrate the foregoing requirements.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">To</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 (three) years have elapsed since the end of the term of office.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">&#167; 4 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 20pt;">The Audit and Risks Committee shall:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">a)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 15pt;">recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">replacement;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">b)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 15pt;">review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Directors;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">c)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 15pt;">review the quarterly financial information, interim statements, and financial statements prepared by the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Company;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">d)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 15pt;">monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">procedures;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>35</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">e)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">levels;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">f)</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Policy on Transactions with Related<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Parties;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">g)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">secrecy;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">h)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 15pt;">interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">policies</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and code; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">i</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none; margin-left: 15pt;">provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Section II &#8211; People Committee</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px; text-align: justify;"><font style="font-family: Calibri; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The People Committee shall have a majority of Director in its composition, with a minimum of two (2) independent Directors.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The People Committee shall:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the compensation policy and other benefits of the Company and its controlled companies;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Officers;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">ensure that the Company prepares itself adequately for the succession of its directors, executive<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">officers</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and other key employees, particularly the Chief Executive Officer and the principal executive officers; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">d)<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction,<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">retention</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and motivation in line with its strategic plans.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>36</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">Section III &#8211; Strategy Committee</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Strategy Committee shall be comprised entirely of Directors and its duties shall be as follows:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph. The Strategy Committee shall be responsible for advising the Board of Directors and its duties shall be as follows:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">drafting and monitoring the Company&#8217;s strategic plans and<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">budgets;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">to provide its opinion on, and monitor, the Company&#8217;s strategic partnerships and main investments, as provided in the Investment Policy; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">to provide its opinion on the capital allocation strategy and on the management of the Company&#8217;s portfolio, including mergers and acquisitions.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>VIII</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Fiscal</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>Council</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; text-decoration: none;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; text-decoration: none;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Law 6,404/76, shall be comprised of three (3) members and an equal number of alternate members, with such duties, powers and compensation as provided for by law.&nbsp; The Fiscal Council shall have a term of office of one (1) year, with reelection being permitted.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Fiscal Council shall hold regular meetings once every quarter, and extraordinary<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">meetings</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>same obligations and restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>IX</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Tender</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Offers</font></p>
<p style="margin: 0pt 0pt 12pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal; letter-spacing: 0.8pt;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent eighteen (18) months, restore the minimum percentage of outstanding shares as per the New Market Regulation.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>37</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing twenty percent (20%) or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding six (6) months, adjusted pursuant to the SELIC Rate.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;1 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;"><font>&nbsp;</font>The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within forty-eight (48) hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within thirty (30) days from the date of the notice mentioned in item (a) of this Paragraph.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;2 &#186;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">For</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>purposes of calculating the limit of twenty percent (20%) set forth in the introductory paragraph of this Article, treasury shares held by the Company shall be excluded.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;4 &#186;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Section III &#8211; Deregistration as Publicly-Held Company and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Withdrawal from the New Market</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company&#8217;s deregistration as a<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">publicly-held</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>a corporate reorganization, shall abide by the rules set forth in the New Market Regulation.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements:</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Law 6,404/76 and the applicable CVM<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Regulations;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">holders of interests<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">in excess of</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>one-third (1/3) of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene:</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">on first call with the attendance of shareholders representing, at least, two-thirds (2/3) of all shares outstanding; or</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">on second call with any number of holders of outstanding shares in attendance.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Sole Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217;<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Meeting;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">49</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px; text-align: center;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>X</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Arbitration Court</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Law 6,385/76, Law 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement.</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>XI</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Fiscal Year</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The fiscal year begins on January 1st and ends on December 31st of each year.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>39</font></font></td>
</tr>

</table>
</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">After the balance sheet and the other financial statements are prepared, and after the deduction of accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, five percent (5%) of the net profit will be allocated to the legal reserve, up to the limit of twenty percent (20%) of the capital stock.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167;1</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The remaining profit will have the following destination:</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">twenty-five percent (25%) for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">by proposal of the managing bodies, up to seventy-five percent (75%) for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of one hundred percent (100%) of<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed one hundred percent (100%) of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">take into account</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>the Board of Directors&#8217; proposal.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 2 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">The Company may, in addition to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&#167; 3 &#186;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 20pt;">Dividends not claimed within three (3) years from the date they were made available to the shareholders shall be forfeited to the Company.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>XII</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Miscellaneous</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 11pt; line-height: 22px;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The Company shall be liquidated as provided for by law, and the Shareholders&#180; Meeting shall decide the method of liquidation, appoint the<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">liquidator</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><font>&nbsp;</font>and elect the Fiscal Council to operate during the liquidation process.</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 8pt; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Article</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;"><font>&nbsp;</font>5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font>&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;">The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>40</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 20px; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; margin-left: 36pt;"><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 0.1pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<div style="margin: 0pt 0pt 6pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BCorporate_XK42NGNGG000000000000000000000" class="customBookmark">C</a><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_MVIBQ3XT8W00000000000000000000" class="customBookmark"><b style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;"></b></a><b style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_GOPV3W5GE800000000000000000000" class="customBookmark"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Corporate</font></a></b>
<div style="margin: 0cm 0cm 6pt; text-align: center; font-size: 12pt; font-family: "><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_MVIBQ3XT8W00000000000000000000" class="customBookmark"><b style="mso-bidi-font-weight: normal;"></b></a><b style="mso-bidi-font-weight: normal;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="BB_GOPV3W5GE800000000000000000000" class="customBookmark"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Executive </font></a></b></div>
<div style="margin: 0cm 0cm 6pt; text-align: center; font-size: 12pt; font-family: "><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_MVIBQ3XT8W00000000000000000000" class="customBookmark"><b style="mso-bidi-font-weight: normal;"></b></a><b style="mso-bidi-font-weight: normal;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="BB_GOPV3W5GE800000000000000000000" class="customBookmark"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Compensation </font></a></b></div>
<div style="margin: 0cm 0cm 6pt; text-align: center; font-size: 12pt; font-family: "><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_MVIBQ3XT8W00000000000000000000" class="customBookmark"><b style="mso-bidi-font-weight: normal;"></b></a><b style="mso-bidi-font-weight: normal;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="BB_GOPV3W5GE800000000000000000000" class="customBookmark"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Policy - </font></a></b></div>
<div style="margin: 0cm 0cm 6pt; text-align: center; font-size: 12pt; font-family: "><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="BB_MVIBQ3XT8W00000000000000000000" class="customBookmark"><b style="mso-bidi-font-weight: normal;"></b></a><b style="mso-bidi-font-weight: normal;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="BB_GOPV3W5GE800000000000000000000" class="customBookmark"><font lang="PT-BR" style="font-size: 38.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; color: #1f497d; mso-themecolor: text2; mso-fareast-language: EN-US;">Ultrapar </font></a></b><font lang="PT-BR" style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; color: #1f497d; mso-themecolor: text2;"></font></div>
<a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BCorporate_XK42NGNGG000000000000000000000" class="customBookmark"></a><font style="font-family: Calibri; font-size: 11pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Calibri; font-size: 11pt; font-weight: normal;">&nbsp;</font></div>
<p style="font-size: 10pt; line-height: 115%; margin: 24pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: normal;">Revision</font><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: normal;">:</font> <font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: normal;">March 29</font><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: normal;">, 202</font><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: normal;">3</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: right;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Subject to the approval of the new stock-based incentive plan at the AGM of April 19, 2023</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: right;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>41</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="font-size: 10pt;">
<div style="font-family: 'Open Sans'; width: 8.5in; margin: 0px auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br>
<p style="margin:0pt"><br></p>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 32pt; padding-left: 4pt; text-indent: 0pt; text-transform: uppercase;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">PURPOSE</font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"> AND PRINCIPLES</font></li>
</ol>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">To establish the principles and criteria for executive&#8217;s compensation of Ultrapar </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Participa&#231;&#245;es</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;), ensuring the implementation of a competitive compensation strategy aligned to the best market practices and to the interests of the Company&#8217;s shareholders and other stakeholders.</font></font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">This Policy</font><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8217;s</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> principles</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> are:</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">align interests between executives and shareholders, with a philosophy of sharing risks and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">returns</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></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="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">creat</font><font style="font-family: 'Open Sans'; font-size: 10pt;">e</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> of compensation and benefit strategies, aligned with the Company's needs and market </font><font style="font-family: 'Open Sans'; font-size: 10pt;">practices</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></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="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">ensure that the Company has the best tools and processes for people management, in line with other internal policies and best market practices to ensure competitiveness in the reference market and attract and retain the best professionals for manag</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ing</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the Company</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> and</font></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="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">e</font><font style="font-family: 'Open Sans'; font-size: 10pt;">nsur</font><font style="font-family: 'Open Sans'; font-size: 10pt;">e</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> that compensation is aligned with the Company's performance culture, providing long-term value creation, convergence of goals with the Company's long-term strategy and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">continuity</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.25pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>2. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">SCOPE</font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">This Policy is applicable to the members of the Board of Directors, Advisory Committees, Fiscal </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Council</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> and the Executive Board of the Company.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The global compensation of the members of the Board of Directors, the Executive </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Board</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, including any </font><font style="font-family: 'Open Sans'; font-size: 10pt;">stock-based </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensation, will be set by the General </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Shareholders&#8217; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Meeting of the Company, and the Board of Directors, after hearing the proposal of the Pe</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ople</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> Committee, shall determine the compensation of each Statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Executive Officer</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> of the Company, considering the</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ir</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> responsibilities, time dedicated to the</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ir</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> functions, competence, professional reputation and values &#8203;&#8203;of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">their</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> services in the market</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">With regard to</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Fiscal Council</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, the compensation will be set at the General </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Shareholders&#8217; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Meeting that elects them, respecting the minimum amounts established by law and the global compensation limits set at the General </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Shareholders&#8217; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Meeting</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
</div>
</div>
<br>
<p style="font-family: 'Open Sans'; margin: 6pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>42</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="font-family: 'Open Sans';;margin:0pt"><br></p>
<div style="font-family: 'Open Sans'; margin: 0pt; padding-left: 0pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.25pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.25pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><br></font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.25pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>3. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">COMPENSATION CONCEPT AND STRATEGY</font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The management of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Ultrapar&#8217;s</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> executive compensation has the main objectives of:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 45pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Stimulat</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ing</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the expansion, success and achievement of the Company's social </font><font style="font-family: 'Open Sans'; font-size: 10pt;">objectives</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 45pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Guaranteeing competitiveness in relation to the target market, enabling the Company to attract and retain the best professionals for its </font><font style="font-family: 'Open Sans'; font-size: 10pt;">management;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 45pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Aligning the interests across the members of the Company&#8217;s management and shareholders; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">and</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 45pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Recognizing outstanding performance, reinforcing meritocracy.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 53.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">3.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">REFERENCE MARKET</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Ultrapar </font><font style="font-family: 'Open Sans'; font-size: 10pt;">promotes </font><font style="font-family: 'Open Sans'; font-size: 10pt;">annual market surveys to analyze and establish guidelines for its executive compensation</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> practices</font><font style="font-family: 'Open Sans'; font-size: 10pt;">. For this purpose, a selected market is considered based on the surveys of one or more specialized outside consultancies, as </font><font style="font-family: 'Open Sans'; font-size: 10pt;">defined</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> by the People Committee (a statutory advisory committee to the Board of Directors). </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Criteria for form</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ing</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the selected market:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Origin of capital: preferably domestically held, publicly traded companies and trans-national companies with material decision</font><font style="font-family: 'Open Sans'; font-size: 10pt;">-</font><font style="font-family: 'Open Sans'; font-size: 10pt;">making power locally and/or significant representativeness in the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">market;</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: 'Open Sans'; font-size: 10pt;">Size: sales comparable to Ultrapar or its </font><font style="font-family: 'Open Sans'; font-size: 10pt;">businesses</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</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: 'Open Sans'; font-size: 10pt;">Operation</font><font style="font-family: 'Open Sans'; font-size: 10pt;">s</font><font style="font-family: 'Open Sans'; font-size: 10pt;">: similar business model and/or operation</font><font style="font-family: 'Open Sans'; font-size: 10pt;">s</font><font style="font-family: 'Open Sans'; font-size: 10pt;">; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">and</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: 'Open Sans'; font-size: 10pt;">HR policies and practices: companies with recognized good compensation practices.</font></li>
</ul>
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 0pt 31.25pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>4. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"> COMPENSATION </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">OF THE BOARD OF DIRECTORS</font></font></div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">COMPOSITION</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The compensation of the members of the Board of Directors </font><font style="font-family: 'Open Sans'; font-size: 10pt;">considers</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the responsibility and complexity inherent to the position as well as the benchmarks for the comparative market.</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> The amount includes fixed monthly fees paid in cash and a single grant of shares </font><font style="font-family: 'Open Sans'; font-size: 10pt;">for the entire term of office, subject to the rules described in item 4.2 below. In addition, the Company is also responsible for the corresponding social security contributions.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Chairman and the Vice</font><font style="font-family: 'Open Sans'; font-size: 10pt;">-</font><font style="font-family: 'Open Sans'; font-size: 10pt;">Chairman earn a higher amount than the other </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Board members </font><font style="font-family: 'Open Sans'; font-size: 10pt;">due to the greater responsibility inherent to their positions.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Board members who may also be part of the Company&#8217;s Executive Board shall only be compensated for the position they hold in the Executive Board</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
</div>
</div>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>43</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="font-family: 'Open Sans'; width: 8.5in; margin: 0px auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.2.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">STOCK-BASED COMPENSATION </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">FOR THE MEMBERS OF THE BOARD OF DIRECTORS </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">COMPOSITION</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.8pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.2.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">CONCEPTS AND DEFINITIONS</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">In line with the provisions of the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Stock-Based</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> Incentive Plan approved at the Annual and Extraordinary General </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Shareholders&#8217; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Meeting of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">April 19, </font><font style="font-family: 'Open Sans'; font-size: 10pt;">2023, the Board of Directors' compensation model now includes a fixed </font><font style="font-family: 'Open Sans'; font-size: 10pt;">stock-based </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensation plan to allow </font><font style="font-family: 'Open Sans'; font-size: 10pt;">greater</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> alignment </font><font style="font-family: 'Open Sans'; font-size: 10pt;">to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">market practices adopted by companies with business</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">risks</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">complexity </font><font style="font-family: 'Open Sans'; font-size: 10pt;">similar to those of the Company. Said model considers a long-term fixed component, totally unrelated to performance </font><font style="font-family: 'Open Sans'; font-size: 10pt;">targets</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> (whether for the Company or individual), representing 40% (forty percent) of the compensation projected for the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Board member</font><font style="font-family: 'Open Sans'; font-size: 10pt;">'s term of office.</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.8pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.2.2.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">COMPOSITION AND DETAILS</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Grant date</font><font style="font-family: 'Open Sans'; font-size: 10pt;">: date the executive takes </font><font style="font-family: 'Open Sans'; font-size: 10pt;">office</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Number of shares: result of dividing the value of 40% of the total </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensation estimated</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> for the term of office by the average </font><font style="font-family: 'Open Sans'; font-size: 10pt;">price</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> of the Company's share</font><font style="font-family: 'Open Sans'; font-size: 10pt;">s</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> in the 30 trading sessions that preceded the grant </font><font style="font-family: 'Open Sans'; font-size: 10pt;">date</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 63.8pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">Example</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 63.8pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Monthly compensation</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> &#8211; R$ 50</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font><font style="font-family: 'Open Sans'; font-size: 10pt;">000</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 63.8pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Total </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensation</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">estimated</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> for the term of office </font><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8211; R$ 1</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font><font style="font-family: 'Open Sans'; font-size: 10pt;">200</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font><font style="font-family: 'Open Sans'; font-size: 10pt;">000 (24 </font><font style="font-family: 'Open Sans'; font-size: 10pt;">months</font><font style="font-family: 'Open Sans'; font-size: 10pt;">) </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 117.8pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Portion</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> to be paid in shares </font><font style="font-family: 'Open Sans'; font-size: 10pt;">(40%) &#8211; R$ 480</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font><font style="font-family: 'Open Sans'; font-size: 10pt;">000</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 63.8pt; text-align: justify; text-indent: 7pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Average share price </font><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8211; R$ 12</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font><font style="font-family: 'Open Sans'; font-size: 10pt;">00</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 63.8pt; text-align: justify; text-indent: 7pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Number of shares to be granted </font><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8211; 40</font><font style="font-family: 'Open Sans'; font-size: 10pt;">,</font><font style="font-family: 'Open Sans'; font-size: 10pt;">000</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Date for the transfer of ownership of shares (vesting): end of term</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">office</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Period of restriction on the trading of shares (lockup): two years from the respective </font><font style="font-family: 'Open Sans'; font-size: 10pt;">vestin</font><font style="font-family: 'Open Sans'; font-size: 10pt;">g;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">There will be no payment of dividends between the grant and vesting dates of the shares</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, and</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 55.95pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Long-</font><font style="font-family: 'Open Sans'; font-size: 10pt;">t</font><font style="font-family: 'Open Sans'; font-size: 10pt;">erm </font><font style="font-family: 'Open Sans'; font-size: 10pt;">i</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ncentive agreements shall include a malus clause, which provides for the retention of unvested shares upon verification of fraud or material mistakes in the financial statements that benefited the executive unlawfully</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></li>
</ul>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.8pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.2.3.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">WITHDRAWAL RULES</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">If the Board member leaves his/her position before the end of his term of office, he/she will be entitled to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">a number of</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> shares proportional to the period in which he/she held the position, being certain that the vesting will occur on the date of his departure from the Board, remaining, however, the two-year lockup period after the transfer of ownership of the shares.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">In the event of severance of the executive or dismissal of the Board member due to reasons of an ethical nature, he/she will not be entitled to any shares.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">In the event of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">retirement for incapacity </font><font style="font-family: 'Open Sans'; font-size: 10pt;">or death, a</font><font style="font-family: 'Open Sans'; font-size: 10pt;">nticipated</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> vesting will be </font><font style="font-family: 'Open Sans'; font-size: 10pt;">guaranteed</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> and all shares shall be transferred, to the executive or his/her respective estate, as the case may be.</font></p>
</div>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>44</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="font-family: 'Open Sans'; width: 8.5in; margin: 0px auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Open Sans'; font-size: 10pt;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">4.3.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">participation in statutory committees</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">If the director is a member of a statutory committee of the Company, the monthly amount </font><font style="font-family: 'Open Sans'; font-size: 10pt;">(with no impact on the portion received in shares) </font><font style="font-family: 'Open Sans'; font-size: 10pt;">received shall be increased by one third (33.3%) of the monthly fee</font><font style="font-family: 'Open Sans'; font-size: 10pt;">s</font><font style="font-family: 'Open Sans'; font-size: 10pt;">. This compensation shall be increased by one half (50%) of the monthly </font><font style="font-family: 'Open Sans'; font-size: 10pt;">amount, if</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Board member acts as </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Coordinator of the respective Committee.</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 6pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: Calibri; font-size: 11pt;">If the </font><font style="font-family: Calibri; font-size: 11pt;">Board member </font><font style="font-family: Calibri; font-size: 11pt;">is a member of two or more statutory committees, the monthly amount </font><font style="font-family: Calibri; font-size: 11pt;">(with no impact on the portion received in shares) </font><font style="font-family: Calibri; font-size: 11pt;">to be received shall be increased by one half (50%) of the monthly amount.</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><br></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><br></font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>5. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">COMPENSATION OF THE </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">executive board</font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 28.35pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Total Compensation (TC) of the Company&#8217;s </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers includes:</font></p>
<ul style="list-style-type: square;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Base salary (BS</font><font style="font-family: 'Open Sans'; font-size: 10pt;">);</font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Short-term incentive (STI</font><font style="font-family: 'Open Sans'; font-size: 10pt;">);</font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Long-term incentive (LTI</font><font style="font-family: 'Open Sans'; font-size: 10pt;">);</font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">complementary benefits compatible with the market.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The ideal mix of compensation components (BS, STI and LTI) must </font><font style="font-family: 'Open Sans'; font-size: 10pt;">take into account</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> market benchmarks and best practices, in order to foster the creation of sustainable value for the Company.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">BASE SALARY AND BENEFITS</font></p>
<ul style="list-style-type: square;">
<li style="color: #1f497d; font-family: Wingdings; font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 41.94pt; padding-left: 14.76pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;" class="mylistitemclass"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The structure of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Ultrapar&#8217;s</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> executive positions is divided into groups of positions, known as grids. These groups </font><font style="font-family: 'Open Sans'; font-size: 10pt;">take into account</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> the complexity of the activities performed and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">the responsibility as a result of their positions, according to a specialized consulting firm&#8217;s job evaluation points methodology</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Company's </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> will receive a monthly amount, paid 12 (twelve) times a year, plus </font><font style="font-family: 'Open Sans'; font-size: 10pt;">the 13</font><font style="font-family: 'Open Sans'; font-size: 6.67pt; vertical-align: super;">th</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">month salary</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">vacation bonus</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Company's </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">exe</font><font style="font-family: 'Open Sans'; font-size: 10pt;">cutive officers </font><font style="font-family: 'Open Sans'; font-size: 10pt;">may be eligible for </font><font style="font-family: 'Open Sans'; font-size: 10pt;">a </font><font style="font-family: 'Open Sans'; font-size: 10pt;">package </font><font style="font-family: 'Open Sans'; font-size: 10pt;">of benefits </font><font style="font-family: 'Open Sans'; font-size: 10pt;">including a medical plan, meal vouchers, private pension plan and life insurance </font><font style="font-family: 'Open Sans'; font-size: 10pt;">in order to</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> offer an attractive package</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> of benefits</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, adequate to the general market conditions</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">It should be noted that </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> who </font><font style="font-family: 'Open Sans'; font-size: 10pt;">also </font><font style="font-family: 'Open Sans'; font-size: 10pt;">occupy a position on the Company's Board of Directors will be </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensated</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> exclusively for position </font><font style="font-family: 'Open Sans'; font-size: 10pt;">held in the Executive Board</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<ul style="list-style-type: square;">
<li style="color: #1f497d; font-family: Wingdings; font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 41.94pt; padding-left: 14.76pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;" class="mylistitemclass"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; text-transform: uppercase;">Annual salary review analysis</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">An annual survey of the reference market is carried out. In case of a need for salary adjustments, the issue will be examined by the People Committee for eventual submission for approval by the Board of Directors.</font></p>
<ul style="list-style-type: square;">
<li style="color: #1f497d; font-family: Wingdings; font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 41.94pt; padding-left: 14.76pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;" class="mylistitemclass"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; text-transform: uppercase;">participation in boards of subsidiaries</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The participation of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers of the Company on boards of directors or advisory boards of companies controlled by Ultrapar or by its subsidiaries shall not translate into additional compensation.</font></p>
</div>
<p style="font-family: 'Open Sans'; font-size: 12pt; line-height: 115%; margin: 0pt;"><br></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>45</font></font></td>
</tr>

</table>
</div>
<div style="font-family: 'Open Sans';"><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div style="font-family: 'Open Sans';">
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="font-family: 'Open Sans';;margin:0pt"><br></p>
<div style="font-family: 'Open Sans'; width: 8.5in; margin: 0px auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.2.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">short-term incentives (STI)</font></p>
<ul style="list-style-type: square;">
<li style="color: #1f497d; font-family: Wingdings; font-size: 12pt; line-height: 150%; margin: 0pt 0pt 6pt 41.94pt; padding-left: 14.76pt; text-align: justify; text-indent: 0pt; text-transform: uppercase;" class="mylistitemclass"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 12pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 36pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The purpose of the Short-Term Incentive is to encourage the achievement of the Company&#8217;s short-term results </font><font style="font-family: 'Open Sans'; font-size: 10pt;">and the sustainable growth of the businesses </font><font style="font-family: 'Open Sans'; font-size: 10pt;">and is directly linked to its financial and operational performance. The goals of the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers are linked to the financial (financial goals) and operational (individual goals) performance of the Company.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Financial goals, which must have a preponderant weighting, are based on the amounts for economic and financial results established in the Strategic Plan and Annual Budget approved by the Board of Directors</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, so that the growth shown is in line with established minimum returns, measured according to parameters such as EBITDA and Operating Cash Flow, among others</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The individual goals must be of the &#8220;SMART&#8221; (Specific, Measurable, Agreed upon, Relevant, Time-bound) type and consistent with the strategies and objectives established in the Strategic Plan and Annual Budget approved by the Board of Directors.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">All executives of the Company must have a minimum weight of 1/3 of their individual goals (or 10% of the total) related to ESG objectives.</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">To calculate the STI, it will be used the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officer&#8217;s base salary for the month of December, except in case of promotion, when the calculation must be </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">pro rata</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 36pt; text-indent: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.3.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">long-term incentive (LTI)</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.85pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.3.1.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">concepts and definitions</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Approved by the Annual General Shareholders&#8217; Meeting held on April 19, </font><font style="font-family: 'Open Sans'; font-size: 10pt;">2023</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, the Long-Term Incentive Plan&#8217;s objective is to:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 71.4pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Stimulate expansion and sustainable results of the Company and the achievement of its business goals, sharing the creation of value as well as the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">risks inherent to the business and the capital markets, fostering the alignment of the long-term interests across shareholders, managers and employees; and</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 71.4pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Strengthen </font><font style="font-family: 'Open Sans'; font-size: 10pt;">the ability to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">effectively </font><font style="font-family: 'Open Sans'; font-size: 10pt;">attract, retain and motivate highly qualified executives.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Policy </font><font style="font-family: 'Open Sans'; font-size: 10pt;">provides for the annual approval of an Incentive Program based on restricted and performance shares, 50% each, on target. All </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officers </font><font style="font-family: 'Open Sans'; font-size: 10pt;">of Ultrapar </font><font style="font-family: 'Open Sans'; font-size: 10pt;">are eligible to the LTI Plan.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The restricted and performance shares are described as:</font></p>
<ul style="list-style-type: square;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Restricted shares: with transfer of ownership at the end of the vesting period;</font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Performance shares: with transfer of ownership at the end of the vesting period, conditional on meeting pre-established goals.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">In addition, the Board of Directors, responsible for managing plans involving shares, may create programs for granting restricted shares, in which it will decide, respecting the terms of the plan, on the beneficiaries of the program, number of shares distributed, vesting, the division granting in batches, any restrictions on the effective receipt of </font><font style="font-family: 'Open Sans'; font-size: 10pt;">shares and provisions on penalties</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></p>
<p style="font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.85pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.3.2.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">composition and detailing</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">((Base </font><font style="font-family: 'Open Sans'; font-size: 10pt;">S</font><font style="font-family: 'Open Sans'; font-size: 10pt;">alary of the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">statutory </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive officer in the grant month X salary multiple) &#8211; Income Tax) &#247; Share price (average for the last 30 trading </font><font style="font-family: 'Open Sans'; font-size: 10pt;">sessions</font><font style="font-family: 'Open Sans'; font-size: 10pt;">) = Quantity of shares granted </font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The result of the calculation, on target, is distributed across the restricted shares and performance shares, considering:</font></p>
</div>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><br></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>46</font></font></td>
</tr>

</table>
</div>
<div style="font-family: 'Open Sans';"><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div style="font-family: 'Open Sans';">
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0px auto;">
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;"><br></font></p>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;"><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></font></p>
<p style="font-family: 'times new roman', times; margin: 6pt 0pt 0pt 35.4pt; color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; line-height: 20px; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;"><br></font></p>
<p style="font-family: 'times new roman', times; margin: 6pt 0pt 0pt 35.4pt; color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; line-height: 20px; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">Restricted Shares:</font></p>
<ul style="font-family: 'times new roman', times; color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; list-style-type: circle;">
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 20px; margin: 6pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">50% of the shares resulting from the aforementioned calculation formula;</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 20px; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">A</font><font style="font-family: 'Open Sans'; font-size: 10pt;">nnual concession&nbsp;</font><font style="font-family: 'Open Sans'; font-size: 10pt;">frequency</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 20px; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">Grace period for transfer of ownership of the shares (vesting): 3 years;</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 20px; margin: 0pt 0pt 10pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt;">There will be no payment of dividends between the grant and vesting dates of the shares</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></li>
</ul>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 35.4pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; font-weight: bold;">Performance Shares:</font></p>
<ul style="list-style-type: circle;">
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">50% of the shares resulting from the aforementioned calculation formula; </font></li>
<li style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Annual</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> concession</font><font style="font-size: 10pt;"><font>&nbsp;</font></font><font style="font-family: 'Open Sans'; font-size: 10pt;">frequency</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">The performance indicator should be determined on the basis of the Strategic Plan approved by the Board of Directors; </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">Grace period for transfer of ownership of the shares (vesting), if the performance goals pre-stablished are achieved: 3 years; </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 10pt 65pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">There will be no payment of dividends between the grant and vesting dates of the shares</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></font></li>
</ul>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 10pt 36pt; text-align: justify;"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Long-</font><font style="font-family: 'Open Sans'; font-size: 10pt;">t</font><font style="font-family: 'Open Sans'; font-size: 10pt;">erm </font><font style="font-family: 'Open Sans'; font-size: 10pt;">i</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ncentive agreements shall include a malus clause, which provides for the retention of unvested shares upon verification of fraud or material mistakes in the financial statements that benefited the executive unlawfully</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></font></p>
<p style="font-family: 'Open Sans'; font-size: 11pt; line-height: 150%; margin: 0pt 0pt 6pt 106.85pt; text-align: justify; text-indent: -36pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">5.3.3.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">wITHdrawal rules</font></p>
<ul style="font-family: 'Open Sans'; list-style-type: square;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">Request to resign: loss of rights to still unvested shares; </font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">Dismissal with cause or motivated by ethical reasons, as determined by the Conduct Committee: loss of rights to unvested shares;</font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 44.98pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">Retirement or dismissal without cause: </font>
<ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"></ul>
</li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 81.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">restricted </font><font style="font-family: 'Open Sans'; font-size: 10pt;">shares: anticipated vesting, </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">pro rata </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">temporis</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> for the period </font><font style="font-family: 'Open Sans'; font-size: 10pt;">worked;</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 81.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">performance </font><font style="font-family: 'Open Sans'; font-size: 10pt;">shares: vesting, </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">pro rata </font><font style="font-family: 'Open Sans'; font-size: 10pt; font-style: italic;">temporis</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, for the period worked, subject to the terms and </font><font style="font-family: 'Open Sans'; font-size: 10pt;">conditions</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> previously </font><font style="font-family: 'Open Sans'; font-size: 10pt;">established;</font></font></li>
</ul>
<p style="font-family: 'Open Sans'; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 54pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; color: #000000;">The People Committee might approve, on an exceptional basis and only in cases of retirement, the full vesting of shares granted and not yet transferred (unvested) to executives.</font></p>
<ul style="font-family: 'Open Sans'; list-style-type: square;">
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 6pt 0pt 0pt 45.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Dissolution or reorganization of the Company, that results in change of control of the Company: anticipated vesting and transfer of total of the restricted and performance shares (considering the target </font><font style="font-family: 'Open Sans'; font-size: 10pt;">value</font><font style="font-family: 'Open Sans'; font-size: 10pt;">);</font></font></li>
<li style="font-family: Wingdings; font-size: 10pt; line-height: 150%; margin: 0pt 0pt 0pt 45.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;" class="mylistitemclass"><font style="color: #000000;"><font style="font-family: 'Open Sans'; font-size: 10pt;">Death </font><font style="font-family: 'Open Sans'; font-size: 10pt;">or retirement for incapacity: anticipated vesting and transfer of the total number of restricted shares and performance shares (considering the target </font><font style="font-family: 'Open Sans'; font-size: 10pt;">value</font><font style="font-family: 'Open Sans'; font-size: 10pt;">) to the participant or </font><font style="font-family: 'Open Sans'; font-size: 10pt;">his/her </font><font style="font-family: 'Open Sans'; font-size: 10pt;">estate, as </font><font style="font-family: 'Open Sans'; font-size: 10pt;">the case may be</font><font style="font-family: 'Open Sans'; font-size: 10pt;">.</font></font></li>
</ul>
</div>
<p style="font-family: 'Open Sans'; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>47</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="font-family: 'Open Sans'; margin: 0pt; padding-left: 0pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><br></font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><img src="img04558920fa9a498a9e40.jpg" alt="Graphics"></font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font><br></font></font></div>
<div style="margin: 0px auto; padding-left: 0px;"><font style="width: 8.5in; color: #1f497d; font-weight: bold;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 14.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: uppercase; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">6.<font>&nbsp;</font></font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: uppercase; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">COMPENSATION OF THE FISCAL COUNCIL</font></font></div>
<div style="margin: 0px auto; padding-left: 0px;"><font style="width: 8.5in;"><font><br></font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt; margin: 0px auto; padding-left: 0px;"><font style="width: 8.5in;">The compensation of the members of the Fiscal Council is composed exclusively of a fixed monthly fee and social security contributions.&nbsp;There is no grant</font> of shares. </font><font style="font-family: 'Open Sans'; font-size: 10pt;">The established amount is based on the responsibility and complexity inherent to the position as well as the benchmarks for the comparative market and may not be less than one tenth (10%) of the average monthly salary of the Company&#8217;s statutory executive officers.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Chairman of the Fiscal Council earns a higher amount than the other members due to the greater responsibility inherent to the position.</font></p>
<p style="margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>7. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">RETIREMENT RULES</font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Company has rules for granting benefits upon retirement of the </font><font style="font-family: 'Open Sans'; font-size: 10pt;">executive</font><font style="font-family: 'Open Sans'; font-size: 10pt;">, where the Pe</font><font style="font-family: 'Open Sans'; font-size: 10pt;">ople</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> Committee will analyze the cases individually, in the light of internal guidelines, and forward, if applicable, a proposal for consideration by the Board of Directors.</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>8. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">governance</font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">It is incumbent on the People Committee, set forth in the Company&#8217;s Bylaws, to supervise the implementation of the Corporate Executive Compensation Policy.</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">The Committee has the right, at any time, to submit to the Board of Directors proposals to revise, modify, amend or revoke this Policy, especially in the case of any essential or relevant change to the laws or regulations applicable to the Company.</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font>9. </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">term of </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">THIS </font><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;">policy</font></font></div>
<div style="margin: 0pt; padding-left: 0pt;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 31.4pt; padding-left: 4.75pt; text-indent: 0pt; text-transform: uppercase; margin-left: 0pt !important;"><font style="color: #1f497d; font-family: 'Open Sans'; font-size: 11pt; font-weight: bold; text-transform: uppercase;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Open Sans'; font-size: 10pt;">This revision of the Policy will apply to </font><font style="font-family: 'Open Sans'; font-size: 10pt;">compensation</font> <font style="font-family: 'Open Sans'; font-size: 10pt;">that will be awarded in year of 202</font><font style="font-family: 'Open Sans'; font-size: 10pt;">3</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> onwards</font><font style="font-family: 'Open Sans'; font-size: 10pt;">. </font><font style="font-family: 'Open Sans'; font-size: 10pt;">Therefore, t</font><font style="font-family: 'Open Sans'; font-size: 10pt;">he conditions of the existing contracts remain unchanged.</font></p>
</div>
</div>
<p style="font-family: 'Open Sans'; margin: 0pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<div style="font-family: 'Open Sans';">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>48</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: terminal, monaco;"><a href="#TOC">Table of Contents</a></font></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: center;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">(</font><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BMinutes_WABT357O9C00000000000000000000" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">Minutes of the Meeting of the Board of Directors of </font><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">Ultrapar</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">Participa&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;"> S.A., </font></a></div>
<div style="margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BMinutes_WABT357O9C00000000000000000000" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">held</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">on</font><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;"> April 19, 2023</font></a><font style="font-family: 'Century Gothic'; font-size: 7pt; letter-spacing: 0.8pt;">)</font></div>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<h2 style="font-size: 9.5pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Publicly</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Traded</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Company</font></h2>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">CNPJ n&#186; 33.256.439/0001-39</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.25pt;">
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">NIRE 35.300.109.724</font></p>
</td>
</tr>

</table>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">MINUTES OF THE </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">MEETING OF THE BOARD OF DIRECTORS</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Date, Hour and Place</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">April 19,</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 20</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">23</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">at 4:00 p</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">m</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">at the </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">ompany&#8217;s headquarters</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, located </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">at</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Brigadeiro Lu&#237;s Ant&#244;nio</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">N</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 1,343, 9th floor, in the City </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and State of S&#227;o Paulo, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">also contemplating participation through </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Microsoft Teams</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Members in Attendance</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">(i) Members of the Board of Directors undersigned; and (ii) the Secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Matters discussed and resolutions</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">1.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">Approval of the election, as provided for in Article </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">2</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of the Company&#8217;s Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">M</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">JORGE MARQUES DE TOLEDO CAMARGO</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">to occupy the position of Chairman of the Board of Directors </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> of</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">M</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">MARCOS MARINHO LUTZ</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">for the position of Vice-</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Chairman</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> of said body</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">2.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">Approval of the election of Mrs</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Ana Paula Janes Vitali Vescovi,</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Marcelo Faria de Lima </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Jos&#233; Maur</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">cio Pereira Coelho </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">who will act as the Committee coordinator), to compose the Audit and Risks Committee, with a mandate coinciding with the mandate of the Board of Directors established during the </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Annual</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Extraordinary</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> General </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Meetings held on April </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 20</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> (&#8220;</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&#8221;)</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">3.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">Approval of the election of Mrs. </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Fabio </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Venturelli</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, Peter </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Paul </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Loren&#231;o</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Esterman</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">n</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Jorge Marques de Toledo Camargo </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">who will act as the Committee coordinator) to compose the Strategy Committee, with a mandate coinciding with the mandate of the Board of Directors established during the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">4.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">Approval of the election of Mrs. </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Francisco de S&#225; Neto, Marcos Marinho Lutz </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Fl&#225;via </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Buarque</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> de Almeida (who will act as the Committee coordinator) to compose the People Committee, with a mandate coinciding with the mandate of the Board of Directors established during the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
</div>
</div>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>49</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
&nbsp;
<p style="margin:0pt"><br></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">5.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">In addition to the election of Mr. Marcos Marinho Lutz deliberated by the Board of Directors on February 15, 2023, the members of the Board decide</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">under the terms of article </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">item &#8220;b&#8221; of the Company&#8217;s Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">to approve the election of the persons qualified below to hold the positions of Executive Officers of the Company, with a mandate until the 202</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Annual General Shareholders&#8217; Meeting, which will examine the documents referred to in art. 133 of Law No. 6,404/76, referring to the year ended December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 35.25pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 35.25pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">As </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Chief Financial and</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Investor Relations Officer</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 44.82pt; padding-left: 11.88pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">RODRIGO DE ALMEIDA</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">PIZZINATTO</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, Brazilian, married, business administrator, Identity Card RG n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 27.715.764-X/SSP-SP and CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> registration n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 270.708.278-0;</font></li>
</ul>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 35.25pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">As </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Executive Officers</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 44.82pt; padding-left: 11.88pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">D&#201;CIO DE SAMPAIO AMARAL</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, Brazilian, married, engineer, Identity Card RG n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 11.621.893-9/SSP-SP and CPF/MF registration n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 081.286.298-83;</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></li>
</ul>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 44.82pt; padding-left: 11.88pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">LEONARDO REMI&#195;O LINDEN</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Brazilian, married, business administrator, Identity Card RG </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">n</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">r. 10</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">104</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">466</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">21</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">SSP</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">RS and CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">F</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">registration n</font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">r. 452.601.500-82</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"><br></font></li>
</ul>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 44.82pt; padding-left: 11.88pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">TABAJARA BERTELLI COSTA</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, Brazilian, married, engineer, Identity Card RG n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 17.304.700-2/SSP-SP and CPF/M</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">F</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> registration n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 127.682.738-56.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-style: normal; font-weight: normal; letter-spacing: 0.8pt;">6.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt; margin-left: 9pt;">Considering the above resolution, the </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">members of the Board</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> ratify the composition of the Board of Directors, namely: Marcos Marinho Lutz, Rodrigo de Almeida Pizzinatto, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">D&#233;cio</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> de Sampaio Amaral, Leonardo Remi&#227;o Linden and Tabajara Bertelli Costa, all with terms </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of office </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">starting on this date</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">. </font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 0pt 0pt 35.45pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Notes</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">: (i) The resolutions were passed, with no amendments or reservations, by all the members of the </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">; (ii) all </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Officers</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">have their professional address at Brigadeiro Lu&#237;s Ant&#244;nio</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> Avenue</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Nr.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 1,343, 9th floor, in the City </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and State of S&#227;o Paulo</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> (Postal Code 01317-910), except for Mr. </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Leonardo Remi&#227;o Linden, </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">whose professional address is at Av. Francisco </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">Eug&#234;nio</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">, n</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> 329, 10</font><font style="font-family: 'Century Gothic'; font-size: 6.33pt; letter-spacing: 0.8pt; vertical-align: super;">th</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">. floor, in the City and State of Rio de Janeiro, Postal Code 20948-900; and (iii) the members of the Advisory Committees </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;"> the Board </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">of Directors </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">and the Officers hereby elected take office on this date, by signing the respective terms of investiture, and, upon previous consultation, declared that: (a) they are not involved in any offense that prevents them from exercising the activities required by the position for which they were assigned; (b) they do not hold positions in companies that can be regarded as market competitors to the Company and (c) they have no conflicting interest with the Company, in accordance with Article 147 of Law No. 6,</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">404/76</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
</div>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>50</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin:0pt"><br></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">There being no further matters to discuss, the meeting was concluded, and these </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">minutes were written, read, passed, and signed by all Directors present</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">.</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Jorge Marques de Toledo Camargo </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Chairman</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Marcos Marinho Lutz</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&#8211; </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Vice-Chairman</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Ana Paula Vitali </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Janes</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"> Vescovi</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Fabio Venturelli</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Fl&#225;via Buarque de Almeida</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Francisco de S&#225; Neto</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Jos&#233; Mauricio Pereira Coelho</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Marcelo Faria de Lima</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Peter</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"> Paul </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Loren&#231;o</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;"> Estermann</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold; letter-spacing: 0.8pt;">Andr&#233; Brickmann Areno</font> <font style="font-family: 'Century Gothic'; font-size: 9.5pt; letter-spacing: 0.8pt;">&#8211;</font> <font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Secretary of the </font><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">Board of Directors</font></p>
</div>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>51</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="line-height: 16pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;"><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="background-color: #ffffff; margin: 5pt 0pt 0pt; text-align: center;"><img src="img6ad31d759af549f08d99.jpg" alt="Image1"></p>
<p style="background-color: #ffffff; margin: 6pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="background-color: #ffffff; margin: 4pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<div style="background-color: #ffffff; margin: 6pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BMarket_0JT0O6Z2S000000000000000000000" class="customBookmark"><font style="font-weight: bold;">MARKET ANNOUNCEMENT</font></a></font></div>
<p style="background-color: #ffffff; margin: 4pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; letter-spacing: 0.25pt;">Election of </font><font style="font-weight: bold; letter-spacing: 0.25pt;">the </font><font style="font-weight: bold; letter-spacing: 0.25pt;">members of the Board of Directors</font></font></p>
<p style="background-color: #ffffff; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.25pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">S&#227;o Paulo, April 19, 2023 &#8211; Ultrapar Participa&#231;&#245;es S.A. (B3: UGPA3 / NYSE: UGP; &#8220;Company&#8221; or &#8220;Ultrapar&#8221;), informs that the slate of the new Board of Directors was elected at the Shareholders' Meeting held on this date, as proposed by the Board according to the Material Notice disclosed on February 15, 2023, for the term of the next two years. The slate is comprised of nine candidates who bring relevant and complementary experiences to the Board, and combines members of the Company's management with four new members.</font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; text-decoration: underline;">I</font><font style="font-weight: bold; text-decoration: underline;">ndependent members</font><font style="font-weight: bold;">:</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ana Paula Vitali Janes Vescovi </font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fabio Venturelli </font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fl&#225;via Buarque de Almeida</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Francisco de S&#225; Neto </font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jorge Marques de Toledo Camargo</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jos&#233; Mauricio Pereira Coelho</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Marcelo Faria de Lima </font></li>
</ul>
<p style="font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; text-decoration: underline;">N</font><font style="font-weight: bold; text-decoration: underline;">on-</font><font style="font-weight: bold; text-decoration: underline;">independent</font><font style="font-weight: bold; text-decoration: underline;"> members</font><font style="font-weight: bold;">:</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 9.5pt; line-height: 150%; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.63pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Marcos Marinho Lutz</font></li>
<li style="font-family: Symbol; font-size: 9.5pt; margin: 0pt 5.65pt 0pt 9.37pt; orphans: 0; padding-left: 8.48pt; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Peter Paul Loren&#231;o Estermann </font></li>
</ul>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On this date, the new Board of Directors also elected Jorge Camargo, who has been a member of the body since 2015, to the position of Chairman of the Board, and Marcos Lutz, current CEO of Ultrapar, to the position of Vice-Chairman of the Board.</font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 16pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 14pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Rodrigo de Almeida Pizzinatto</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Financial and Investor Relations Officer</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Carlito; font-size: 12pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>52</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 14pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 14pt; font-weight: bold;"><br></font></p>
<p style="font-size: 14pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 14pt; 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.</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 style="font-size: 10pt;">Date: </font><font style="font-size: 10pt;">April 1</font><font style="font-size: 10pt;">9</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;"> 20</font><font style="font-size: 10pt;">2</font><font style="font-size: 10pt;">3</font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="font-size: 10pt; line-height: 15.3333px; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<table style="height: 40px; width: 816px; border-collapse: collapse; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<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>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 403.281px; height: 10px; border-bottom: 1pt solid #000000; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<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>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<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>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br></td>
<td style="width: 403.281px; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<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>
</td>
</tr>

</table>
<p style="font-size: 10pt; line-height: 15.3333px; margin: 0px; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-style: italic;">(</font><font style="font-size: 9pt; font-style: italic;">Minutes of the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023</font><font style="font-size: 9pt; font-style: italic;">, </font><font style="font-size: 9pt; font-style: italic;">Bylaws of Ultrapar</font><font style="font-size: 9pt; font-style: italic;">, </font><font style="font-size: 9pt; font-style: italic;">Corporate Executive Compensation Policy</font><font style="font-size: 9pt; font-style: italic;">, </font><font style="font-size: 9pt; font-style: italic;">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on April 19, 2023</font><font style="font-size: 9pt; font-style: italic;"> and </font><font style="font-size: 9pt; font-style: italic;">Market announcement</font><font style="font-size: 9pt; font-style: italic;">)</font></font></p>
</div>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 11pt;">&nbsp;</font></p>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img04558920fa9a498a9e40.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img04558920fa9a498a9e40.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !7 )H# 2(  A$! Q$!_\0
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MX:CT@7>HW%ZWAWQ&)C<7>MV=K:VOV6W\P)=S>=BV9&_.7_A_WIO_ $:O??\
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M7YK@*CD\-CL'6C4P^(A&=6BZE-SH5JU"5.K,HHHKW3Z@**** "BBB@ HHHH
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MIYOQOD\GQ']=6'AA\7ALQQ4\\P4,7[*I053"5J>'A&.#J4,,W.KAYSEQL_\
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M'P3XFN;>-FW21Z3<NG^J?;]8?'3_ (+'?\$^M>_X(0^(_!^B?M"^!]4^,7Q
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MO A\,>!]!\%BR3Q_#\9G\2B]&AV]N-2:X;P7H7V?[5N-H()O)V?:9MWY(_\
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G HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img6ad31d759af549f08d99.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img6ad31d759af549f08d99.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !N *D# 2(  A$! Q$!_\0
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M%:V&GV%G#-=7EY=2Q6]M;Q2332)&C,/F4?MS?L;YY_:<^" /?'Q&\,G/U)U
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MQ#_T(<Y[?\BO&^73V'K?M9F7UK#?]!%#_P &T_+^]YH^]Z*^8?AW^VK^Q_\
M%_PQ\2_&WPH_:C_9[^)7@[X,: /%?Q>\5^!/C#X \5^'?A=X8;3]=U9/$'Q
MUO0]>O\ 3O!^BOI?A?Q-J2ZGX@N+"R-AX>UNZ$Q@TR]D@\D'_!5/_@F8>?\
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M^Q)8J>6588_,<NK8=8Z-#ZS#V^68O"5:M&M]7P\W2JSG34Z4*D4I7;_F_/\
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MTJ48TX1NV[1BE=MV/\X+_@[[_P"4E?P2_P"S'/AG_P"KX_:5K^UW_@C^<?\
M!+;]@'/'_&*/P9_]0O2?K7\47_!WW_RDL^"7''_##?PSY_[KS^TN#]>GY8K^
MPC_@A3\9? 'QH_X)1_L9ZCX"UNUU4_#_ .$>A_!SQGI\=U92ZGX8\>_"R"/P
MIXBT37K&TNKF;1KNY%C9^)='M-36TOM0\(>(?#/B-+2/3]<L7D_J'Q)I5)^
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M'K7QRTGQ;X>^!GB#24M6O(-)U"Z^(5[I%]=W)TK2+JYU&_CM)_\ 5_Q^&.G
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K "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
