Monitoring Committee

Structure	• 6 shareholder members: – 3 voted by shareholders in the Meeting – 3 invited by the Manager, by criterion of representativeness or noteworthy knowledge
Term	• Term of approximately 1 year • Reelections would be held annually at the AESMs • In case of resignation, the member shall be replaced by another shareholder appointed by the Manager
Periodicity	• Ordinary Mounthly and Extraordinary Meetings whenever necessary.
Restrictions to become a candidate	• Sentenced due to bankruptcy crimes, crimes against the common economy, etc. • Disqualified by CVM due to past practices in publicly-held companies • Related parties to the Manager and/or Administrator
Purpose	• Increasing the degree of governance • Bringing the point of view/perception of the shareholders closer to the manager • Getting updated on the fund and market activities • This is not a deliberative committee
Conditions for candidates	• Signature of the confidentiality agreement • Possible restrictions on the trading of shares, according to the applicable law
Procedure in the Shareholders’ Meeting	• Presentation and discussion on the structure of the committee, based on the suggestions received • Candidates will have the opportunity to present themselves to the other shareholders • Voting for the 3 appointed by the shareholders • Indication by the Manager of the other 3 members, within 10 business days after the Shareholders’ Meeting

Last Update on July 23, 2018