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VALUE PROTECTION Turnaround & Recovery Judicial and Extrajudicial Recovery Debt Renegotiation Working capital Controllership Cash Flow Management Turnaround & Recovery We advise companies in crisis management through the analysis, planning and implementation of business restructuring and recovery initiatives. We add value through our experience in crisis situations combined with an interdisciplinary approach, in which immediate control actions, appropriate communication with related parties and the correct understanding of the situation are vital for the survival of the business. CRISIS MANAGEMENT TURNAROUND PLANNING DIAGNOSIS AND PLANNING IMPLEMENTATION OF TURNAROUND PLAN Crisis control. Understanding of priorities. Focus on cash flow. Strategy definition. Search for alternatives. Negotiation with stakeholders. Creation of the recovery plan. Details of the actions. Execution assistance. Monitoring of goals and initiatives. Transition of knowledge to the internal team. Operational Restructuring: Reduction of costs / expenses. Generation of operating cash. We are a family owned and operated business. Financial Restructuring: Liabilities Restructuring. Asset sales. Cash management. Judicial and Extrajudicial Recovery Law 11.101 / 2005 regulates Judicial and Extrajudicial Reorganizations. It has a multidisciplinary nature, recommending the application of technical, legal and financial-accounting knowledge. For this reason, the importance of the company's systemic vision is fundamental for success in the recovery process. ​ Our services: Assistance to Debtors : preparation of the necessary documents for the filing of the judicial reorganization request, preparation and monitoring of the General Meeting of Creditors, preparation of reports in the judicial reorganization process and in compliance with the plan. ​ Recovery Plan : preparation of the judicial and extrajudicial restructuring plan, including a detailed breakdown of the means of recovery, analysis and demonstration of the economic viability and economic-financial report and valuation of the company's assets and assets. ​ Negotiation with Creditors : mediation between creditors and companies undergoing judicial reorganization. ​ Creditors' advice : representation, analysis of recovery plans, preparation of alternative plans, expertise of the qualified credit, monitoring of the execution of the approved plan. Debt Renegotiation We prepared the entire process for negotiations on stretching and reducing debt, including negotiations with creditors. The work is based on the technical study of the economic and financial reality of the company to define the conditions necessary for the re-profiling of the liabilities, including the time required for payment and interest. This methodology provides effective compliance with the negotiations. ​ Creditors: Financial Institution Providers Employees ​ Services: Lengthening of deadlines Principal reduction Reduction of fees Trading road show Working capital We advise companies and investors in different situations involving cash, from the moments of crisis to the establishment of a sustainable cash culture. We add value through a practical approach of immediate control with cash generation and preservation initiatives. We also help to improve projections and cash flow visibility, including the release of capital from working capital accounts. Equating the short-term cash structure / Equating the capital structure. ​ Our services: Credit operations Differentiated solution to anticipate credits (trade bills, post-dated checks, commercial contracts, credit card, commercial, industrial, service receivables); Promotion for the purchase of raw materials; Optimization of cash flow; Greater financial capacity to fulfill the contract; Decrease in bank indebtedness and SISBACEN risk center. ​ Trade Finance Structuring of working capital solutions through import and export operations. Exchange; ACC - Advance on foreign exchange contracts; ACE - Advances on foreign exchange delivered; Finimp - Import financing; Export and import crashes. Distressed Private Equity Funds Advising Investment Funds or companies in restructuring processes. The process involves management, governance, funding for restructuring, operational and financial recovery and an increase in the value of companies. Companies that are in operation, with solid fundamentals, but that present, or that, due to sectoral and / or macroeconomic projections, tend to show in the coming years - deterioration of their financial and / or operational sustainability. With an experienced and diversified view of business, we access a high level of Private Equity funds, promote the adequacy of the fund's profile with the client's profile and timing and apply techniques to maximize value for those involved. ​ Judicial Credit Rights We operate in the negotiation of credits originating from lawsuits. Origination of judicial credits; Overdue and unpaid corporate credits; Restructured debts; Procedural diligence and opinion; Financial evaluation and advice on negotiations. ​ ​ Controllership Our BPI services in Controllership allow clients to focus on their core business, redirecting management efforts towards the company's core activity from a set of consistent, reliable and comparable information, which provide the best basis for decision making . Through an exclusive methodology applied by an experienced and highly capable multidisciplinary team, our back office outsourcing area implements solutions in controllership outsourcing services with a commitment to reducing costs, improving productivity and quality with transferring know-how and developing solutions tailor made. ​ T&R Rec Rene Giro Cont Cash Flow Management Gest Based on an understanding of the company's situation and the intended objective, the scope of work comprises structuring the Cash Flow Management and Restructuring Plan, with a focus on rebuilding trust with all parties involved and transferring processes to management, in order to enable it to continue to efficiently manage cash in the long term. Through consistent management and effective cash preservation / generation initiatives, it is possible to promote significant business benefits. Periodic meetings with the objective of verifying the cash needs based on the inflows and outflows forecasts and defining the payment priorities, as well as the approaches to be made for debt renegotiations. Implementation of technical reports with a focus on visibility, forecasting and monitoring of daily and weekly cash flows, in addition to daily updates of performance indicators.

View Collection THE COMPANY Presentation + Grand Hill Capital Guided by the perennial vision, we apply our knowledge in structuring tailor-made solutions, with results and wealth generation. Service A specialized consultancy boutique with a customer-oriented approach. + Proximity Customization Appointment Objectivity

VALUE CREATION Valuation Strategy Corporate governance New business Structured Operations and Funding International Business Valuation Valuation is a beacon driver of the Perennial Vision Methodology. Through the application of established financial methods, the economic appreciation of the company is understood as an asset composed of tangible or intangible elements. The economic value of the company is linked to the ability to generate future results or benefits, including aspects such as brand, technology, intellectual capital, goodwill, among others. The mastery of factors related to the Valuation result enables assertive decisions to be taken with greater precision and security. APPLICATION Strategic management / Indicator to increase performance; M&A operations; Corporate negotiations; Analysis of the viability of a business. ​ APPROACH MODELS ​ DISCOUNTED CASH FLOW VALUE SHAREHOLDERS 'EQUITY MULTIPLE MARKETS APPLICATION Adopted when there are expectations of continuity of the project, considering the potential to generate future profits. Adopted in the valuation of non-operating company, company in liquidation or for the provisions of the NCPC in company dissolution processes. Adopted when there are expectations of the project's continuity, aiming at its potential to generate future profits. APPROACHES • Future cash flow, generated by the Company's operations, discounted to present value; • Profit capitalization, where normalized historical earnings are capitalized by index (decapitalization rate). • Valuation of assets and liabilities at realizable or market value, adjusting the company's equity. • Market multiples, obtained in the capital market (eg share price for profit); • Multiples of transactions carried out in the past, from companies that can be compared, obtaining the price paid for sales, EBITDA, etc. DETAILS • The relevant and intrinsic aspects of the business are considered; • Method accepted worldwide as the most complete and appropriate. The relevant and intrinsic aspects of the business are considered; • Method accepted worldwide as the most complete and appropriate. • Degree of subjectivity in the premises and projections; • Calculation of the appropriate discount rate; • Residual value can be relevant (perpetuity). • Objectivity in the application • Obtaining market parameters; • Best indication of value when ownership is acquired. • Does not reflect the potential value of the business; • Difficulty in evaluating intangible assets. • Unavailability of public data; • Difficulty in analyzing the comparability of the data collected; • Difficulty in defining the sample Strategy Convert the strategy into a continuous principle of mobilization and organizational development, translating it into managerial terms and guiding internal actions and objectives from the financial, market, operations and people / knowledge perspectives. We are a family owned and operated business. Maximum value creation through strategy; Analysis of the environment, trends and definition of the company's strategic orientation; Visualization of the value added by intangible assets; Reliable and timely management information is essential. Data analysis provides a means for extracting information and converting the company's strategy into measurable objectives and also for monitoring and evaluating its progress. We are a family owned and operated business. This approach provides a clear picture of the organization's performance against its objectives. In this way, it is possible to make the necessary changes quickly, so that they become more effective. With clear objectives, a differentiated business model and the adoption of culture, technology and innovative metrics, our customers can make the right choices to achieve the desired growth. From strategy to execution, we work to convert plans into actions and results, creating differentiated approaches that work. Our services: Strategic and Financial Diagnosis Business Intelligence / Analytics Economic / Financial Planning Management Measures Fund-raising Corporate governance Corporate Governance is the system by which organizations are directed, monitored and encouraged, involving the practices and relationships between owners, board of directors, executive officers and control bodies. ​ Good corporate governance practices convert principles into objective recommendations, aligning interests with the purpose of preserving and optimizing the organization's value, facilitating its access to capital and contributing to its longevity. ​ Good corporate governance is essential to establish a relationship of trust and involvement between companies, their partners, investors and for the long-term success of the business. ​ The topic is also of interest to employees, suppliers, customers, environmental organizations and regulatory bodies, among other interest groups, who want to have a clear and reasoned view on how well the company is managed. ​ Basic Principles ​ Transparency: More than the obligation to inform is the desire to make available to interested parties the information that is of interest to them and not just that imposed by provisions of laws or regulations. Adequate transparency results in a climate of trust, both internally and in the company's relations with third parties. It should not be restricted to economic and financial performance, also taking into account the other factors (including intangibles) that guide managerial action and that lead to the creation of value. Equity: It is characterized by the fair treatment of all partners and other interested stakeholders. Discriminatory attitudes or policies, under any pretext, are totally unacceptable. Accountability Accountability: Governance agents must account for their performance, fully assuming the consequences of their acts and omissions. Corporate Responsibility: Governance agents must ensure the sustainability of organizations, aiming at their longevity, incorporating social and environmental considerations in the definition of business and operations. Considering factors such as operations, technology and executable strategies. Our services: Creation of the Shareholders' Council; Commitment Terms, Shareholder and Quotaholders' Agreements; Assistance in Shareholders 'Meetings and Shareholders' Meetings; Advisory in the Management of the Responsibility of the Directors; Development of the governance risk matrix and action plans to manage these risks; Governance documents, including bylaws of the board and its committees, annual board agenda, governance guidelines, board performance appraisal model, introduction plan for new board members, model for assessing the work of the independent audit and policy of dividends. New business New Business Development is the process of strategic design and its respective implementation for a company to start operating in activities and markets different from those in which it operates. We are a family owned and operated business. In the context of a globalized market, companies are challenged by the demands of competitive environments, with increasingly complex challenges given the strategic need for a company to expand its business, including internationally. We are a family owned and operated business. The entry of a company into new markets and businesses comprises actions implemented gradually, since it impacts the operations, performance and survival of the company. Therefore, the choice for a particular kick off mode is an important strategic decision. We are a family owned and operated business. The internationalization of companies depends on a number of factors: corporate culture, knowledge of the business environment, legislation and strategy. At the same time, changes in the global production structure pose new challenges for entrepreneurs and new possibilities for action. Our services: Development of expansion strategies Opening of units Establishment of branches Creation of distribution partnerships Strategic alliances Making investments Establishment of cooperation agreements Structured Operations and Funding International Business Internationalization is the process of strategic design and its respective implementation, so that a company can start operating in countries other than the one in which it is originally installed. In the context of a globalized market, companies are challenged by the demands of competitive environments. These challenges become more complex in view of the strategic need for a company to expand its business beyond national borders, since it involves different cultures, specific rules for each country and management of global and local results. A company's entry into international markets comprises actions that take place gradually and play a significant role in the process, since it impacts the company's operations, performance and survival. Therefore, choosing a particular entry mode is an important strategic decision. The internationalization of companies, especially in the Brazilian case, depends on a series of factors: corporate culture, knowledge of the business environment, legislation and an excellent strategy. At the same time, changes in the global production structure pose new challenges for entrepreneurs and new possibilities for action. Our services: Development of Global Expansion Strategies Opening of Units Constitution of Branches Creation of Distribution Partnerships Strategic Alliances Realization of Investments Establishment of Cooperation Agreements valu est oper Sophisticated know-how in the combination of more complex financial devices in order to allow access to new resources for structuring working capital, re-profiling liabilities and business leverage. Based on the understanding of the company's situation and the intended objective, the scope of work includes planning the need for working capital x available working capital through consistent management of effective preservation / cash generation initiatives, promoting significant benefits for business. We add value through a practical approach with cash generation and preservation initiatives with an important increase in cash flow projections and visibility, including the release of capital from working capital accounts with the equation of the short and long cash structure deadlines. Our services: Constitution of funds Issuance of debentures Securitization of receivables Transactions with real guarantees Production financing Working capital gover novos NI

CORONAVIRUS CRISIS MANAGEMENT Crisis management processes aim to preserve the longevity and business reputation with the least possible impacts on the company's value through structured standards that support the definition of the applicable measures. ​ Protection of health Analyze, define and implement initiatives to preserve the physical and mental health of the team, ensuring maintenance of productivity. Steering Committee Assessment Impacts on the economy; Market impacts; Projections / evolution of the market situation; Definition of tools and indicators for monitoring the crisis; Adherence to the measures made available for immediate implementation. COMPANY VALUE PROTECTION Adaptation Definition of necessary measures to adapt the business model and maintain the operation during the crisis period: Definition of operational priorities; Definition of strategic priorities; Activation of contingency plans; Implementation of immediate measures; Identification of opportunities Development of a new business model, considering the needs and priorities of the market; Definition of new strategies; Update of short, medium and long term plans. Monitoring Crisis monitoring with projections of impact and duration; Constant updating of the company's projections; Monitoring through key indicators. Protection from Caixa Optimization of financial resources involving: Forecasting and tracking tools: Definition of tools for monitoring, monitoring and financial forecasting; Continuous analysis of viability in the short, medium and long term. We are a family owned and operated business. Action plan: Definition of actions to preserve internal cash; Definition of actions to generate cash externally; Analysis of available credit lines; Generation of short and medium term liquidity. We are a family owned and operated business. Cash Committee: Definition of the managers responsible for the analysis and deliberation of strategic-financial priorities; Implementation of the contingency plan. Main economic measures of an economic nature announced in Brazil Recognition of state of public calamity with effect until December 31, 2020 (Presidency of the Republic | Message to Congress No. 93, of March 18, 2020). Updated on 05/26/2020 BNDES - WORKING CAPITAL R $ 5 billion for the granting of working capital credit to companies with revenues of up to R $ 300 million / year through transfers via financial agents - Financing Limit: up to R $ 70 million - Operation Cost: Average of 1.03% per month (13.06% per year). - Payment Term: Up to 60 months, with a grace period of up to 24 months. - Guarantees: negotiated between the transferring bank and the client. The Investment Guarantee Fund (FGI) can be used. R $ 19 billion - 6-month standstill for direct operations with BNDES R $ 11 billion - 6-month standstill for indirect operations through transfer via financial agents R $ 20 billion - transfer funds from PIS / PASEP to FGTS Simplification of the requirements for contracting credit and dispensing with documentation (CND) for credit renegotiation (Central Bank | Resolution No. 4782, of March 16, 2020). PROGER URBANO WORKING CAPITAL R $ 1 billion for the granting of PROGER / FAT credit to Micro and Small Companies with revenues of up to R $ 10 million / year through accredited banks (Ministry of Economy / Deliberative Council of the Fund for the Support of Workers I Resolution nº 850, of March 18, 2020). Simplification of the requirements for contracting credit and dispensing with documentation (CND) for credit renegotiation (Central Bank | Resolution No. 4782, of March 16, 2020). NATIONAL PROGRAM TO SUPPORT MICRO ENTERPRISES AND SMALL COMPANIES - PRONAMPE. Law No. 13,999, of May 18, 2020 Eligible companies: Microenterprises (ME), with annual sales of up to R $ 360 thousand. Small businesses (EPP), with revenues between R $ 360 thousand and R $ 4.8 million per year. Line value: R $ 15,900,000,000.00 Line validity: up to 3 (three) months after the entry into force of this Law, extendable for another 3 (three) months. Financial Institution: Financial institutions subject to the supervision of the Central Bank of Brazil. Financing Amount: up to 30% of your revenue in 2019, with the following limits: R $ 108 thousand for microenterprises. R $ 1.4 million for small businesses. If the company is less than a year old, however, the maximum loan amount will be up to 50% of its share capital or, if it is more advantageous, up to 30% of the average of its monthly income calculated since the beginning of its activities. Payment conditions: Interest rate: SELIC 3% pa + 1.25% pa Payment term: 36 months. Grace Period: It will be the responsibility of the financial agent to grant or not a grace period. Guarantee: Personal guarantee of the applicant in an amount equal to the contracted loan, plus charges, except in the case of companies incorporated and in operation for less than 1 (one) year, whose personal guarantee may reach up to 150% (one hundred and fifty percent) of the value contracted, plus additions. Obligation: All borrowers of this credit line must maintain the same number or more employees as there was in the publication of the Law (18 May 2020). If the employer provides untrue information about the number of employees, it will imply the early maturity of the debt by the financial institution. Observations: The company cannot have been condemned for having working conditions similar to slavery or child labor. EMERGENCY EMPLOYMENT SUPPORT PROGRAM: FINANCING THE PAYROLL Provisional Measure No. 944, of April 3, 2020 Eligible companies: annual gross revenue greater than R $ 360,000.00 and equal to or less than R $ 10,000,000.00 (ten million reais), calculated based on the year of 2019. Line value: R $ 34,000,000,000.00. Line validity: until June 30, 2020. Purpose: totality of the contractor's payroll, for a period of two months, limited to the amount equivalent to up to twice the minimum wage per employee. Financial Institutions: financial institutions subject to the supervision of the Central Bank of Brazil. Payment conditions: Interest rate: 0.31% per month (3.75% per year). Payment term: 36 months. Grace period: 6 months to start the payment, with interest capitalization during this period. Obligation: The company undertakes not to terminate, without just cause, the employment contract of its employees in the period between the date of contracting the credit line and the sixtieth day after receiving the last installment of the credit line. Concession criteria: participating financial institutions will observe their own credit policies and may consider possible restrictions on credit protection systems on the date of contracting. BANK CREDIT Febraban: Banco do Brasil, Itaú, Unibanco, Bradesco, Santander and Caixa Econômica will comply with requests to extend the maturity of debts by 60 days for individuals and non-performing micro and small companies. We are a family owned and operated business. Federal Savings Bank Reduction of interest rates and extension of credit terms Release of R $ 75 billion in credit, of which: - R $ 40 billion for working capital, mainly for companies in the real estate sector and small and medium-sized companies. - R $ 5 billion for agricultural credit. - R $ 30 billion for the purchase of payroll-deductible loan portfolios and vehicle financing held by medium-sized banks, in case these financial institutions have difficulties. Bank of Brazil Release of R $ 100 billion in credit on existing lines. R $ 48 billion for companies. R $ 25 billion for agribusiness. R $ 24 billion for individuals. R $ 3 billion for municipal and state public administrations. REGIONAL CREDIT LINES Develops SP: https://www.desenvolvesp.com.br/empresas/opcoes-de-credito/enfrentamento-coronavirus/ BRDE Recupera Sul (PR / SC / RS): https://www.brde.com.br/noticia/brde-recupera-sul/ Fomento Paraná: http://www.fomento.pr.gov.br/Pagina/Parana-Recupera-Solicite-seu-Credito BADESC: http://www.badesc.gov.br/portal/linha_emergencial_covid19.jsp EXTENSION/ TAX REDUCTION Federal Taxes: Extension of 90 days of competencies March and April / 2020 (Ministry of Economy | Ordinance No. 139, of April 3, 2020, amended by Ordinance No. 150, of April 8, 2020). - Contributions from PIS / Pasep and Cofins. - INSS employer contribution. - CPRB - Social Security Contribution on Gross Revenue. - Funrural. Simple national: - Federal taxes on payment by Simples Nacional (PIS, Cofins, IPI, IRPJ, CSLL and CPP): Extension of 180 days on the date for payment of SIMPLES federal taxes on the competences from March to May / 20 (CGSN Resolution 152, of 18 March 2020). - State tax (ICMS) and Municipal tax (ISSQN): Extension of 90 days on the date for payment of SIMPLES federal taxes from March to May / 20 (CGSN Resolution No. 154, of April 3, 2020). Deferral / Postponement of FGTS payment from March to May for 3 months and payment in 6 installments (Provisional Measure No. 927, of March 22, 2020 I Caixa Econômica Federal Circular No. 893, of March 24, 2020). 50% reduction in contributions from Sistema S for 3 months: April, May and June / 2020 (Provisional Measure No. 932, of March 31, 2020). Note: the reduction does not apply to contributions to INCRA and Salário-Educação. IOF: In credit operations contracted between April 3, 2020 and July 3, 2020, IOF rates are reduced to zero. Extension of 90 days in the validity of the Debt Clearance Certificates related to Federal Tax Credits and the Active Debt of the Union (CND) and Positive Certificates with Debt Negative Effects related to the Federal Tax Credits and the Active Debt of the Union (CPEND). (Joint Ordinance No. 555, of March 23, 2020). Installment payment before the Special Secretariat of the Federal Revenue of Brazil - RFB and the Attorney General of the National Treasury - PGFN (Ministry of Economy | Ordinance ME / GM nº 201, of May 11, 2020). Extension of the maturity of installment payments made before the RFB - Special Secretariat of the Federal Revenue of Brazil - and by PGFN - Attorney General of the National Treasury. I. The installments due in May 2020 (05/29/2020) to August 2020 (08/31/2020). II. The installments maturing in June 2020 (6/30/2020) to October 2020 (10/30/2020). III. The installments maturing in July 2020 (7/31/2020) to December 2020 (12/30/2020). Additional information: - Said extension will not exclude the incidence of interest and is intended only for the installments that expire after the publication of the Ordinance (05/12/2020). - Refunds or compensation of amounts already collected will not be allowed. - The extension does not apply to installments of taxes calculated in the form of the Special Unified Collection System of Taxes and Contributions for Micro and Small Enterprises (Simples Nacional). TAX DEBTS Suspension, extension and postponement of acts of collection of the Union's active debt for 90 days (Ministry of Economy | Ordinance No. 103, of March 17, 2020). I. Suspension of deadlines for taxpayers to submit administrative challenges in the scope of collection procedures. II. Suspension of the introduction of new collection procedures. III. Suspension of forwarding of CDAs - Active Debt Certificates to protest offices. IV. Suspension of the establishment of procedures for the exclusion of overdue installments. Conditions for an extraordinary transaction in the collection of the Union's active debt (PGFN | Ordinance No. 9,924, of April 14, 2020) I. Payment of entry corresponding to 1% (one percent) of the total amount of debts to be transacted, divided into up to 3 (three) equal and successive installments; II. Installment of the remainder in up to 81 (eighty-one) months, being up to 142 (one hundred and forty-two) months in the hypothesis of a natural person taxpayer, individual entrepreneur, micro-company or small business; III. Deferment of the payment of the first installment of the installment referred to in the previous item to the last business day of the month of June 2020. Obs .: In the case of social security debts (item "a" of item I and item II of the caput of article 195 of the Constitution), the term will be up to 60 (sixty) months. Note: Does not cover FGTS, Simples Nacional debts and criminal fines Deadline for accession: June 30, 2020 Suspension of procedural terms before the Federal Revenue of Brasi until 05/29/2020 and different collection procedures (Ordinance RFB nº 543, of March 20, 2020, art. 6 and 7) PRESERVATION OF JOBS Provisional Measure No. 927, of March 22, 2020. Telecommuting (home office). Anticipation of individual vacations. Collective vacation decree. Bank of hours. Anticipation of non-religious holidays. WORKING RELATIONSHIPS Provisional Measure No. 9236, of April 1, 2020 Reduction of working hours and wages Maximum term: 90 days Reduction parameters: 25%, 50% or 70% Conditions for closing the reduction: I - the cessation of the state of public calamity; II - the date established in the individual agreement as the end of the period and reduction agreed upon; or III - the date of communication from the employer informing the employee of his decision to bring forward the end of the agreed reduction period. Temporary suspension of the employment contract Maximum term: 60 sixty days Application: integral or fractionated in up to two periods of 30 days Form of agreement: individual written agreement between employer and employee, which will be sent to the employee at least 2 calendar days in advance. Employee rights: I - will be entitled to all benefits granted by the employer to its employees; II - will be authorized to pay to the General Social Security System as an optional insured. Conditions for closing the suspension of the employment contract: I - the cessation of the state of public calamity; II - the date established in the individual agreement as the end of the period and suspension agreed upon; or III - the date of communication from the employer informing the employee of his decision to bring forward the end of the agreed suspension period. Companies with revenues greater than R $ 4,800,000.00 in 2019: must pay monthly compensatory aid in the amount corresponding to 30% of the salary amount. Provisional employment guarantee I - during the agreed period of workday and salary reduction or temporary suspension of the employment contract; and II - after the re-establishment of the working day and salary or the end of the temporary suspension of the employment contract, for a period equivalent to that agreed for the reduction or suspension. Conditions for implementation: Through individual agreement or collective bargaining: employees with a salary equal to or less than R $ 3,135.00 or holders of a higher education diploma and who perceive a monthly salary equal to or greater than twice the maximum benefit limit of the General Social Security System Social (R $ 12,202.12). By convention or collective agreement: For other employees, except for a 25% reduction in working hours and wages, which may be agreed upon by individual agreement. Emergency Employee Benefit The worker will receive an Emergency Benefit that will be paid within thirty days from the date of conclusion of the agreement. The amount of the benefit will be based on the calculation of the monthly amount of unemployment insurance to which the employee would be entitled under the terms of art. 5 of Law No. 7,998, of 1990. In the reduction of working hours and wages: it will be calculated by applying the percentage of the reduction (25%, 50%, 70%) to the calculation basis. In the temporary suspension of the employment contract, it will have monthly value: - Companies with revenues below R $ 4,800,000.00 in calendar year 2019: amount equivalent to one hundred percent of the value of unemployment insurance to which the employee would be entitled. - Companies with revenues greater than R $ 4,800,000.00 in calendar year 2019: amount equivalent to seventy percent of the unemployment insurance to which the employee would be entitled, as the company will pay monthly compensatory aid in the amount corresponding to 30% of the wage amount. Additional information In the case of collective bargaining, approved in virtual assemblies by the unions of the category, the suspension with supplementary income will apply to all employees of the company. The employer must inform the Ministry of Economy about the reduction of the working day and salary or the temporary suspension of the employment contract, within ten days, counted from the date of the conclusion of the agreement. The form of transmission of this information and communications, as well as more details of the payment of the Emergency Benefit, will be regulated by the Ministry of Economy. The unfair dismissal that occurs during the period of provisional guarantee in employment will subject the employer to payment, in addition to the severance installments provided for in the legislation in force, indemnity in the amount of: - Salary reduction of 25 to 50%: Payment of 50% of the salary that the employee would initially be entitled to; - Salary reduction of 50 to 60%: Payment of 75% of the salary that the employee would initially be entitled to; - Salary reduction greater than 70% or suspension: Payment of 100% of the salary that the employee would initially be entitled to. The employee does not need to apply for unemployment insurance. The government will automatically deposit the amount into the worker's account as soon as it is notified of the deal. LABOR RELATIONS: REMOVAL Law No. 13,982, of April 2020 The company will not bear the cost of the first fifteen days of leave in the case of illness proven to result from contamination by the coronavirus (Covid-19). The company may deduct from the transfer of contributions to social security the amount of these fifteen days of leave until the maximum limit of the contribution salary to RGPS, currently at R $ 6,101.06. IMPORT Facilitate the clearance of imported industrial raw materials and inputs before landing. IPI at zero rate on imports of medical products until September 30, 2020.

GLOBAL COMPACT Grand Hill is a signatory to the Global Compact on human rights, labor, the environment and the fight against corruption. Based on our values, we are committed to making the Global Compact and its principles part of the strategy, culture and day-to-day operations of our company and the business community with which we engage in order to promote the broader development goals of the Nations Nations, in particular the Sustainable Development Goals. The initiative Launched in 2000 by the then Secretary-General of the United Nations, Kofi Annan, the Global Compact is a call for companies to align their strategies and operations with 10 universal principles in the areas of Human Rights, Labor, Environment and Anti-Corruption and to develop actions that contribute to face society's challenges. It is now the largest corporate sustainability initiative in the world, with more than 13,000 members in almost 80 local networks, covering 160 countries. ​ The 10 Principles The Global Compact advocates ten universal Principles, derived from the Universal Declaration of Human Rights, the Declaration of the International Labor Organization on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations Convention against Corruption. Organizations that become part of the Global Compact are committed to following these principles in their day-to-day operations. ​ Human rights The report points out that 92% of companies have instituted policies and practices related to human rights, with 80% incorporating human rights principles within corporate codes. Meanwhile, 53% offer human rights training and awareness programs for employees and 72% report that the Global Compact played an essential role in indicating the impact that led them to address the issue. 1. Businesses must support and respect the protection of internationally recognized human rights. 2. Ensure that you do not participate in violations of these rights. ​ Work More than 85% have policies of non-discrimination, equal opportunity and guarantee of safe working conditions. At the same time, 62% say that the Global Compact played an essential role in indicating the impact that led them to address the issue. ​ 3. Businesses should support freedom of association and the effective recognition of the right to collective bargaining. 4. The elimination of all forms of forced or compulsory labor 5. The effective abolition of child labor. 6. Eliminate discrimination in employment. ​ Environment Of the participants, 78% say they have sustainable consumption and responsible use goals. A quarter reported fully integrating water, climate change, renewable energy and biodiversity issues into their corporate strategy and operations. Two-thirds report that the Global Compact played an essential role in indicating the impact that led them to address the issue. ​ 7. Businesses must support a preventive approach to environmental challenges. 8. Develop initiatives to promote greater environmental responsibility. 9. Encourage the development and diffusion of environmentally friendly technologies. ​ Anti-corruption Approximately 82% say they integrate the tenth principle into their corporate code, while two thirds report having zero tolerance policies towards corruption. For 62% of companies, the Global Compact played an essential role in indicating the impact that led them to address the issue. ​ 10. Businesses must combat corruption in all its forms, including extortion and bribery. ​ ​

AREAS OF EXPERTISE Value Creation Structured strategies consistent growth, increasing the company's value with the purpose of increasing the return on investment or attracting strategic or financial investors. + Valuation Strategy Corporate governance New business Structured Operations and Funding Value Protection Preservation of value in times of overcoming situations of economic and financial crisis, in order to allow business continuity, jobs, and the interests of creditors. The investments are aimed at solving liquidity problems, stabilizing operations, developing business plans, preparing financial projections, implementing cost reduction measures, negotiating with creditors, cash management guidelines and controls. + Turnaround & Recovery Judicial and Extrajudicial Recovery Debt Renegotiation Working capital Controllership Cash Flow Management

GRAND HILL CAPITAL ABOUT GRANDHILL Capital Grand Hill is one of the most successful boutiques specializing in Value Creation Strategy Solutions. KNOW MORE Value Creation Structured strategies for consistent growth, promoting an increase in the company's value in order to increase the return on investment or attract strategic or financial investors. Valuation Strategy Corporate governance New business Structured Operations and Funding International Business + Value Protection Preservation of value in times of overcoming situations of economic and financial crisis, in order to allow business continuity, jobs, and the interests of creditors. The investments are aimed at solving liquidity problems, stabilizing operations, developing business plans, preparing financial projections, implementing cost reduction measures, negotiating with creditors, cash management guidelines and controls. + Turnaround & Recovery Judicial and Extrajudicial Recovery Debt Renegotiation Working capital Controllership Cash Flow Management Institutional Video AA Exclusive Method perennial vision The logic applied by Grand Hill in the development of solutions aimed at business continuity recommends that the fundamental vectors must coexist and be balanced hierarchically according to the moment of the company. Perpetuity must always be pursued, regardless of return or growth. KNOW MORE

TRADE FINANCE Financial solutions for companies that operate in foreign trade, with import and export. TRADE FINANCE is the set of instruments and financial products to enable and facilitate international trade and finance the growth of companies. TRADE FINANCE allows importers and exporters to access many financial solutions that can be adapted to their situation and, often, several products can be used together to help ensure that the transaction takes place easily, safely and economically. Facilitates business Improves cash flow Enables financial resources / working capital Reduces costs Reduces the risk associated with international trade Understanding TRADE FINANCE The function of TRADE FINANCE is to eliminate the payment risk and the supply risk with adequate cash flow. It provides the exporter with the guarantee of receipt according to the contract and the importer with the availability of resources to fulfill the order. Related parties Banks Importers and exporters Insurers Export credit agencies and service providers TRADE FINANCE is different from conventional financing. Conventional financing is used to manage liquidity, but TRADE FINANCE goes further, being used to protect against the risks inherent in international trade, such as exchange rate fluctuations, political instability, non-payment issues or the credibility of one of the parties involved. TRADE FINANCE Solutions EXCHANGE READY Foreign exchange contracts settled on the same day, or within two days of closing the transaction. FOREIGN EXCHANGE Exchange contracts for settlement on future dates, registered at the time of closing. ACC - ADVANCES ON EXCHANGE CONTRACTS Advance on export exchange rates, pre-shipment, to promote production against orders from abroad. ACE - ADVANCES ON DELIVERED EXCHANGE Anticipation of export exchange rates after shipment. NCE - EXPORT CREDIT NOTE Advance on export exchange rates, pre-shipment in local currency. CREDIT LETTER It guarantees payment to the exporter and guarantees receipt of the goods to the importer, provided that certain conditions are met. It can be in cash or in installments. FORFAITING Purchase of export receivables, backed by a discount on a negotiable financial instrument, such as a letter of credit, bill of exchange (Bill of Exchange) and / or insurance coverage. INTERNATIONAL FACTORING - EXPORT The Bank buys and pays the export exchange rates in cash, directly charging the importer. Therefore, the operation includes the services of: prepayment of receivables, coverage of credit risk abroad and international collection of receivables. FINIMP - FINANCING IMPORTS Foreign currency import financing line. The exporter receives the payment in cash and the importer pays the term to the Bank. INTERNATIONAL FACTORING - IMPORT Product supplied to the corresponding collection and credit risk coverage banks on receivables with Brazilian drawee. It supplies the Brazilian importer with a line financed by the exporter. NDF Exchange rate derivative, in which settlement takes place by the difference between the contracted rate and that of the maturity date. It allows locking the future price of foreign currency commitments without being linked to an exchange closing. EXPORT AND IMPORT LOCK Foreign exchange contract that allows you to lock the price for settlement of the exchange at a future date with the possibility of early settlement. EXCHANGE OPTIONS Derivative that allows you to buy or sell at a certain price, upon payment of a premium. SWAPS Derivative that allows the exchange of indexes of a specific commitment. TRADE FINANCE benefits TRADE FINANCE has become an important tool for companies to improve their efficiency and increase revenue. Reduces risk TRADE FINANCE helps importers and exporters to build trust and reduces the risk associated with global trade, reconciling the different needs of exporters and importers. Ideally, an exporter would prefer the importer to pay in advance for an export shipment to avoid the risk of payment by the importer. However, if the importer pays the exporter in advance, he runs the risk of not receiving the goods. The common solution for this case is for the importer's bank to provide a letter of credit to the exporter's bank. The letter of credit guarantees that, once the issuing bank receives proof that the exporter has sent the goods and the terms of the contract have been fulfilled, it will issue payment to the exporter. Improves cash flow and operations efficiency TRADE FINANCE helps companies obtain financing to facilitate business. It allows companies to receive a cash payment based on accounts receivable in the case of forward transactions. As a result, cash flow is improved, since the buyer has means to guarantee receipt and the importer knows that the goods will be sent. With this, TRADE FINANCE guarantees less delays in payments and remittances, allowing importers and exporters to manage their business and plan their cash flow more efficiently. Higher revenue and earnings TRADE FINANCE allows companies to increase their business and revenue through foreign trade. For example, a company that can make a sale with an overseas company may not be able to produce the goods needed for the order. However, through TRADE FINANCE, the exporter can place the order. As a result, the company gets new business that it might not have had without the creative financial solutions provided by TRADE FINANCE. Reduce the risk of financial difficulties Without TRADE FINANCE, a company may not be able to pay and lose an important customer or supplier with immediate and long-term implications for the company. Having options such as revolving credit facilities and accounts receivable billing can not only help companies to carry out international transactions, but also help them in times of financial difficulties. We are a family owned and operated business. Fill out the form to receive a specialist contact: Thanks! Message sent. Submit Registration documentation: We are a family owned and operated business. Last consolidated contractual amendment or bylaws; Balance Sheets + DRE's for the last 03 (three) years; Balance sheet + DRE accumulated for the year; Debt framework; Monthly sales, closed per year for the last three years. attach CONFIDENTIALITY COMMITMENT The information and documents will be received by Grand Hill Consulting for the purpose of prior analysis of the feasibility of the operation. The receipt of information and documents does not represent an obligation and commitment to carry out an operation, not binding any party contractually. The information and documents will be covered by secrecy and confidentiality, committing Grand Hill Consulting not to disclose any data or information to third parties, as well as not to allow any of its legal representatives, employees and / or representatives to misuse that data or information. .

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LEGAL Grand Hill - Legal is an area of expertise specialized in the technical-legal area, covering the provision of expert technical services in the accounting and financial areas. Expertise and Technical Reports Expert advice, technical advice, conducting forensics, interpretations of reports and material evidence, preparing questions, technical guidance in the areas of accounting and financial expertise. Presentation of complete reports, with diagnoses, opinions and solutions in line with current legislation Classification and quantification of the risks applied to each activity Our services: Analysis and preparation of accountability calculations; Elaboration of technical opinion for judicial processes (initial petition, contestation, challenges, executions); Elaboration of regular, complementary, supplementary and explanatory items; Compliance with the terms of due diligence of the judicial experts and the judge's offices; Preparation of an Accounting Expert Report and an Accounting Technical Opinion on a judicial expert's report. Reports and opinions in: Company Valuation; Valuation of Shareholders' Equity; Spin-off, extinction, merger or corporate incorporation; Dissolution of companies; Payment of Social Capital with non-monetary assets; Loss of profits; Accountability.

CAREERS We look for talented, competent professionals willing to grow. In return, we offer a challenging environment, with solid opportunities for professional development. We aim to find people who are objective, committed to results, determined and engaged with the company's proposal. Working with Grand Hill means experiencing a highly technical and dynamic market, being able to deal with the most current issues in the corporate world. ​ If you have this profile, contact us. ​ Sign up by filling out the form below. Given the requirements of open positions, we will make contact for the first stages of selection. Thanks! Message sent. Submit

CAPITAL We make distressed investments in assets that present significant risk but that offer high potential returns in structured transactions, equity and working capital. Through a broad and effective approach, we implemented customized measures based on the contribution of financial resources and know-how in management, governance and funding for restructuring, operational and financial recovery. We provide instruments for immediate control, with cash generation and preservation initiatives from moments of crisis to the establishment of a sustainable cash culture. We also help to improve projections and cash flow visibility, including the release of capital from working capital accounts, with the equation of the short-term and long-term capital structure and increase in the company's value. ​ Modalities We are specialists in working capital structuring. We develop customized solutions for optimizing cash flow with equating the short-term and long-term capital structure. ​ Private Equity; Structured Financial Operations; Working Capital Operations; Structuring of guarantees; Promotion for the purchase of raw materials; Decrease in bank indebtedness; Foreign exchange operations; Judicial credit rights; Stressed assets. ​ Fill out the form to receive an expert contact: Thanks! Message sent. Submit Registration documentation: We are a family owned and operated business. Last consolidated contractual amendment or bylaws; Balance Sheets + DRE's for the last 03 (three) years; Balance sheet + DRE accumulated for the year; Debt framework; Monthly invoicing, closed per year for the last three financial years and for the current year. We are a family owned and operated business. attach CONFIDENTIALITY COMMITMENT The information and documents will be received by Grand Hill for the purpose of prior analysis of the feasibility of the operation. The receipt of information and documents does not represent an obligation and commitment to carry out an operation, not binding any party contractually. The information and documents will be covered by secrecy and confidentiality, committing Grand Hill not to disclose any data or information to third parties, as well as not to allow any of its legal representatives, employees and / or representatives to misuse that data or information.