Kepler Incentive Based Loan

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The proposed investment consists of an A Loan of up to BRL 150 million, with 7-year tenor (including 2 of grace) and security over fixed assets to Kepler Weber SLL (“Kepler” or the “Company”). The proceeds will finance Kepler’s capital expenditure plan for 2022-2024 at Panambi and Campo Grande manufacturing facilities, which includes: (i) expanding manufacturing capacity; (ii) productivity increase investments and new product development; (iii) plant modernization; (iv) purchase of a new powder painting line; and (v) IT infrastructure investments (the “Project”). Kepler is a publicly listed Company trading in Brazil’s Novo Mercado that has been in operation since 1925. The Company produces and assembles tailor-made grain storage and conservation systems, such as: silos, grain dryers and cleaning machines, metaling structures, transporting lines, and other products that contribute to improving the logistics of agribusiness sector in Brazil. Headquartered in Panambi/Brazil, Kepler has two manufacturing plants (Panambi and Campo Grande) with capacity to supply equipment for storage of 5 million tons of grain per year, seven distribution and service centers across Brazil, and one administrative office in Sao Paulo. The two manufacturing plants total 88,000 m². The Panambi plant (55,000 m²) began operations in 1975 and is located in an industrial complex 4.5km south from the city of Panambi, in the State of Rio Grande do Sul. The Campo Grande plant (33,000 m²) start operating in 2004 and is located in an industrial complex 15 km east from the city of Campo Grande, in the State of Mato Grosso do Sul.