Investor Presentaiton

APPENDIX-BUSINESS MODEL CONTRACT TERM Current contracts with an average of 80 months, with strong clauses to protect Company's operations Contracts - Main Rental Agreement Clauses Log commercial properties Contracts - Maturity Breakdown Dec/18 - by Revenue (Months) Contract Term Contract term varying mainly from 2 to 10 years Built-to-suit contracts (opportunistic situations) 0-12 Break-up fee All typical contracts include a break-up fee for early termination equivalent to 1-3 monthly rents per remaining year of contract Notice period of 30 to 180 days 13-24 Guarantor Contracts with private entities are backed by a guarantor, bank letter or insurance Inflation Adjusted Rental rate is adjusted by inflation IGP-M, IPCA, or INPC index Periodicity: annual adjustment Pre-emptive Rights Expenses and Costs Tenants resign to their pre-emptive rights to acquire the module in the event of a sale of the warehouse to a third party All expenses related to the operation of the asset are incurred by the tenants (triple net) Tenants must pay for the property insurance obtained by the company 25-36 37-48 8.1% More than 48 18.6% 22.8% 25.4% 25.0% 35 55

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