<SEC-DOCUMENT>0001554855-25-002081.txt : 20251119
<SEC-HEADER>0001554855-25-002081.hdr.sgml : 20251119
<ACCEPTANCE-DATETIME>20251119172140
ACCESSION NUMBER:		0001554855-25-002081
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251119
FILED AS OF DATE:		20251119
DATE AS OF CHANGE:		20251119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		251500267

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		8 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		BUSINESS PHONE:		55 11 3177-7014

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><head><title></title><meta content="text/html"></meta></head><body><div class="content_container"><div style="font-family: 'times new roman', times; font-size: 10pt;" id="Dq3w0sdcwsbpm7y9nxr6hmc">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
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<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>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>






























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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">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>
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<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>
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<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>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of November</font><font style="font-family: 02lfl; font-size: 9pt;">&#160;20</font><font style="font-family: 02lfl; font-size: 9pt;">25</font></p>
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<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>
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<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>
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<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>
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<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>
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<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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
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<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>
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<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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
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<p style="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>
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<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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
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<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">ITEM</font><br></p>
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<td style="padding: 0px 0px 0px 20px; width: 3%; text-align: right; vertical-align: top;" valign="top">1.</td>
<td style="padding: 0px 0px 0px 20px; width: 97%; vertical-align: top;" valign="top"><a href="#BRN1_2010202519566">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on November 19, 2025</a></td>





























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  </div><div id="D3vxlaot79bljbjx0cz5rg" style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;">
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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">(</font><font style="letter-spacing: 0.8pt; line-height: inherit;">Minutes of the Meeting of the Board of Directors of </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Ultrapar</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">Participa&#231;&#245;es</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> S.A., </font></font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">held</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">on</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">November</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> 1</font><font style="letter-spacing: 0.8pt; line-height: inherit;">9</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="letter-spacing: 0.8pt; line-height: inherit;">202</font><font style="letter-spacing: 0.8pt; line-height: inherit;">5</font><font style="letter-spacing: 0.8pt; line-height: inherit;">)</font></font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">&#160;</font><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<h2 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Publicly</font> <font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Traded</font> <font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Company</font></font></h2>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">CNPJ </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Nr</font><font style="letter-spacing: 0.8pt; line-height: inherit;">.</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> 33.256.439/0001-39</font></font></p>



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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">NIRE 35.300.109.724</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BRN1_2010202519566"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="font-family: &quot;times new roman&quot;, times;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font></font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Date, Hour and Place</font><font style="letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">November 1</font><font style="letter-spacing: 0.8pt; line-height: inherit;">9</font><font style="letter-spacing: 0.8pt; line-height: inherit;">,</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> 202</font><font style="letter-spacing: 0.8pt; line-height: inherit;">5</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="letter-spacing: 0.8pt; line-height: inherit;">at </font><font style="letter-spacing: 0.8pt; line-height: inherit;">9</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">a</font><font style="letter-spacing: 0.8pt; line-height: inherit;">.m., at </font><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="letter-spacing: 0.8pt; line-height: inherit;">&#160;</font><font style="letter-spacing: 0.8pt; line-height: inherit;">(&#8220;Company&#8221;) </font><font style="letter-spacing: 0.8pt; line-height: inherit;">headquarters, located at Brigadeiro Lu&#237;s Ant&#244;nio Avenue, Nr. 1.343, 9th floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams</font><font style="letter-spacing: 0.8pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Members in attendance</font><font style="letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">(</font><font style="letter-spacing: 0.8pt; line-height: inherit;">i</font><font style="letter-spacing: 0.8pt; line-height: inherit;">) </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Members of the Board of Directors </font><font style="letter-spacing: 0.8pt; line-height: inherit;">undersigned</font><font style="letter-spacing: 0.8pt; line-height: inherit;">; </font><font style="letter-spacing: 0.8pt; line-height: inherit;">and </font><font style="letter-spacing: 0.8pt; line-height: inherit;">(ii) </font><font style="letter-spacing: 0.8pt; line-height: inherit;">the </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Secretary of the Board of Directors, M</font><font style="letter-spacing: 0.8pt; line-height: inherit;">r</font><font style="letter-spacing: 0.8pt; line-height: inherit;">. </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Alexandre Mendes Palhares</font><font style="letter-spacing: 0.8pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Meeting table</font><font style="letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">Marcos Marinho Lutz</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> &#8211; Chairman.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">Alexandre Mendes Palhares</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">&#8211; </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Secretary of the Board of Directors</font><font style="letter-spacing: 0.8pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Matters discussed and resolutions</font><font style="letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</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 13.31pt; padding-left: 22.69pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="letter-spacing: 0.8pt; line-height: inherit;">The Directors approved, pursuant article 2</font><font style="letter-spacing: 0.8pt; line-height: inherit;">7</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, item &#8220;p&#8221; of the Company&#8217;s Bylaws, the </font><font style="letter-spacing: 0.8pt; line-height: inherit;">16</font><font style="letter-spacing: 0.8pt; line-height: inherit;">th</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> (</font><font style="letter-spacing: 0.8pt; line-height: inherit;">sixteenth</font><font style="letter-spacing: 0.8pt; line-height: inherit;">) </font><font style="letter-spacing: 0.8pt; line-height: inherit;">issuance of debentures, non-convertible into shares, unsecured, with additional </font><font style="letter-spacing: 0.8pt; 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line-height: inherit;">0</font><font style="letter-spacing: 0.8pt; line-height: inherit;">00,000,000.00 (</font><font style="letter-spacing: 0.8pt; line-height: inherit;">one</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> billion reais) (&#8220;Issue&#8221;)</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">for </font><font style="letter-spacing: 0.8pt; line-height: inherit;">public</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> placement</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, u</font><font style="letter-spacing: 0.8pt; line-height: inherit;">nder the automatic distribution registration procedure</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="letter-spacing: 0.8pt; line-height: inherit;">under the terms of the Resolution of the </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Brazilian </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Securities and </font><font style="letter-spacing: 0.8pt; line-height: inherit;">Exchange Commission No. 160, of July 13, </font><font style="letter-spacing: 0.8pt; line-height: inherit;">2022, as amended (&#8220;Offer&#8221;), and other applicable legal and regulatory provisions, through the execution of the &#8220;Private Instrument of Deed of the </font><font style="letter-spacing: 0.8pt; line-height: inherit;">16</font><font style="letter-spacing: 0.8pt; line-height: inherit;">th (</font><font style="letter-spacing: 0.8pt; line-height: inherit;">sixteenth</font><font style="letter-spacing: 0.8pt; line-height: inherit;">) Issue of Simple Debentures, Non-Convertible into Shares, of the Unsecured Type, with Surety Guarantee, in </font><font style="letter-spacing: 0.8pt; line-height: inherit;">One</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> Serie, for Public Distribution, in Automatic Distribution Registration Procedure,</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> of </font><font style="letter-spacing: 0.8pt; 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</ol>
<p style="line-height: 1.2; margin: 0pt;"><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 81px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 18px;">
<td style="height: 18px; width: 41px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 18px; width: 30px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(a)</font></td>
<td style="height: 18px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Total Amount of the Issuance</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">The total<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">amount</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>of the Issue is R$</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">1</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">,</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">0</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">00,000,000.00 (</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">one</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>billion<font style="line-height: inherit;">&#160;</font>reais) on the Issue Date (as defined in the<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Indenture</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">);</font></font></td>



</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(b)</font></td>
<td style="height: 17px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Quantity</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">of</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>Deb</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">e</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">ntures:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">1</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">,</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">0</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">00,000 (</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">one</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>million) Debentures will be<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">issued;</font></font></td>



</tr>
<tr style="height: 18px;">
<td style="height: 18px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 18px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(c)</font></td>
<td style="height: 18px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Unit par value:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">The unit<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">par</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>value of the Debentures, on the Issue Date, will be R$1,000.00 (one thousand<font style="line-height: inherit;">&#160;</font>reais), on the Issue Date (&#8220;Unit<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Par</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>Value&#8221;</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">)</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">;</font></font></td>



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<td style="height: 10px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 10px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(d)</font></td>
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<td style="height: 18px; vertical-align: top; padding: 1px 1px 0px;" valign="top"><br></td>
<td style="height: 18px; vertical-align: top; padding: 1px 1px 0px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(e)</font></td>
<td style="height: 18px; vertical-align: top; padding: 1px 1px 0px;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Monetary Update of Debentures:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">The Unit Par Value or</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>outstanding</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>balance</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">of the Unit Par Value</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">, as applicable,</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>will not be monetarily<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">updated;</font></font></td>



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<div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><br></div>
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<table style="height: 197px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;" cellpadding="1 1 8px">

<tr style="height: 11px;">
<td style="height: 11px; vertical-align: top; padding: 1px 1px 8px; width: 41px;" valign="top"><br></td>
<td style="height: 11px; vertical-align: top; padding: 1px 1px 8px; width: 30px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(f)</font></td>
<td style="height: 11px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Amortization<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">of the Unit Par Value:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; 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font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">d</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>Early Redemption Offer (as defined in the Indenture) under the terms set forth in the<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; 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<td style="height: 10px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(g)</font></td>
<td style="height: 10px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Term and</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; 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<td style="height: 70px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 70px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(h)</font></td>
<td style="height: 70px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Compensation of the<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Debentures</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; 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white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Interest shall accrue on the Unit Par Value or the outstanding balance of the Unit Par Value of the Debentures, as applicable, at a rate corresponding to one hundred percent (100%) of the accumulated variation of the daily average rates of DI &#8211; Interbank Deposits for one day, &#8220;over extra-group,&#8221; calculated and published daily by B3 in its daily bulletin available on its website (http://www.b3.com.br) (&#8220;DI Rate&#8221;), plus an exponential spread of<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">up to</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>0.60% (sixty hundredths percent) per year, based on 252 (two hundred and fifty-two) Business Days, as determined in the<font style="line-height: inherit;">&#160;</font>Bookbuilding<font style="line-height: inherit;">&#160;</font>Procedure</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; 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letter-spacing: 0.8pt; line-height: inherit;">.</font></font></td>



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<td style="height: 51px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><br></td>
<td style="height: 51px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(i)</font></td>
<td style="height: 51px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Compensation</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>Payment</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; 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font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">set forth in</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>the Indenture (each<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; 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<td style="height: 38px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(j)</font></td>
<td style="height: 38px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Default Charges</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Without prejudice to the Compensation calculated pro rata<font style="line-height: inherit;">&#160;</font>temporis<font style="line-height: inherit;">&#160;</font>from the date of default until the date of actual payment, in the event of late payment of any amount due to the Debenture Holders (as defined in the Indenture)<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">in respect of any obligation arising under the Indenture, all overdue amounts shall bear, without the need for notice, notification, or judicial or extrajudicial demand: (</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">i</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">) late payment interest of one percent (1%) per month, calculated on a pro rata<font style="line-height: inherit;">&#160;</font>temporis<font style="line-height: inherit;">&#160;</font>basis from (and including) the date of default until (but excluding) the actual payment date, applied to the unpaid amount; and (ii) a non-compensatory late payment penalty of two percent (2%), applied to the unpaid amount (&#8220;Default Charges&#8221;)</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">;</font></font></td>



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<td style="height: 17px; vertical-align: top; padding: 1px 1px 0px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(k)</font></td>
<td style="height: 17px; vertical-align: top; padding: 1px 1px 0px;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Convertibility:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>The Debentures will be simple, that is, not convertible into shares of the<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Company;</font></font></td>



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<tr style="height: 34px;">
<td style="height: 34px; vertical-align: top; padding: 1px 1px 8px; width: 41px;" valign="top"><br></td>
<td style="height: 34px; vertical-align: top; padding: 1px 1px 8px; width: 30px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(l)</font></td>
<td style="height: 34px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Type:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>The Debentures will be unsecured, in accordance with article 58, caput, of Law No. 6,404, of December 15, 1976, as amended, with a personal guarantee to be provided by the<font style="line-height: inherit;">&#160;</font></font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;">Company;</font></font></td>



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<td style="height: 22px; vertical-align: top; padding: 1px 1px 8px;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(m)</font></td>
<td style="height: 22px; vertical-align: top; padding: 1px 1px 8px; text-align: justify;" valign="top"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; letter-spacing: 0.8pt; line-height: inherit;">Surety Guarantee:</font><font style="color: rgb(0, 0, 0); font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt; line-height: inherit;"><font style="line-height: inherit;">&#160;</font>As a guarantee of the prompt and full fulfillment of all present and future, principal and accessory obligations of the Issuer, provided for in the scope of the Indenture, including the fees of the Trustee, Default Charges, compensation, as well as any and all costs or expenses demonstrably incurred by the Trustee, in its capacity as representatives of the Debenture Holders, as a result of lawsuits, procedures and/or other judicial or extrajudicial measures necessary to safeguard their rights and prerogatives arising from the Debentures, the Company will provide a surety guarantee in favor of the Debenture Holders, undertaking as guarantor and primarily responsible for the faithful, prompt and full fulfillment of all obligations of the Issuer, under the terms of the Debentures and the Indenture, in accordance with the terms and conditions provided for in the Indenture (&#8220;Guarantee&#8221;);</font></font></td>



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<td style="height: 17px; vertical-align: top;" valign="top"><font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -47.2667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">(n)</font></td>
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<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><br></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit; padding-left: 22.69pt; text-align: justify; text-indent: 0pt; margin: 0pt !important;">2.  <font style="letter-spacing: 0.8pt; line-height: inherit;">Under article 27, item (p) of the Company&#8217;s bylaws, t</font><font style="letter-spacing: 0.8pt; line-height: inherit;">he Board of Directors authorized the provision of guarantee, by the Company, in relation to the current and future, main and ancillary obligations,</font><font style="letter-spacing: 0.8pt; line-height: inherit;"> of the Issuer, under the Indenture, including the fees of the Trustee, Default Charges, compensation, as well as any and all costs or expenses demonstrably incurred by the Trustee, as a representative of the Debenture Holders, as a result of processes, procedures and/or other judicial or extrajudicial measures necessary to safeguard their rights and prerogatives arising from the Debentures, the Guarantee</font><font style="letter-spacing: 0.8pt; line-height: inherit;">;</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Notes</font><font style="letter-spacing: 0.8pt; line-height: inherit;">: </font><font style="letter-spacing: 0.8pt; line-height: inherit;">The resolutions</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">were approved, with no amendments or qualifications, by all the Board </font><font style="letter-spacing: 0.8pt; line-height: inherit;">m</font><font style="letter-spacing: 0.8pt; line-height: inherit;">embers present. </font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">FL&#193;VIA BUARQUE DE ALMEIDA</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
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<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">V&#194;NIA MARIA LIMA NEVES</font></p>
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&#160;</font></p>
<p style="line-height: 1.2; margin: 0pt; padding-bottom: 1pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: &quot;times new roman&quot;, times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">ALEXANDRE MENDES PALHARES </font><font style="letter-spacing: 0.8pt; line-height: inherit;">&#8211; S</font><font style="letter-spacing: 0.8pt; line-height: inherit;">ecretary </font><font style="letter-spacing: 0.8pt; line-height: inherit;">of th</font><font style="letter-spacing: 0.8pt; line-height: inherit;">e Meeting</font></font></p>

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<p style="font-size: 14pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Date: November 19, 2025&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</font></p>
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<td style="width: 48.0243%; height: 17px;" colspan="2"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">ULTRAPAR HOLDINGS INC.</font><br></td>
















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<td style="width: 3.02432%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">By:</font></td>
<td style="width: 45%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #000000; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">/s/ Alexandre Mendes Palhares</font></font></td>
















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<td style="width: 3.02432%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Name:</font></td>
<td style="width: 45%; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Alexandre Mendes Palhares</font></font></td>
















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<td style="width: 3.02432%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Title:</font></td>
<td style="width: 45%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Chief Financial and Investor Relations Officer</font></td>
















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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">(</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on November</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">&#160;19</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">, 2025</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">)</font></p>














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