Alpargatas S A : Extract of the Minutes of the Board of Directors' Meeting - 1Q21 Results and Purchase of quotas of Ioasys and Innovation
May 25, 2021
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ALPARGATAS S.A.
CNPJ/ME 61.079.117/0001-05
NIRE 35 3000 25 270
Publicly-held corporation
Extract from the Minutes of Ordinary Meeting of the Board of Directors held on May 3, 2021 at 2:30 pm.
An extract from the minutes of the meeting held by conference call on May 3, 2021, at 2:30 pm, at the Corporation's headquarters located at Av. das Nações Unidas, 14.261, 10oandar, Vila Gertrudes, São Paulo, SP, with the following members present: Pedro Moreira Salles (Chairman of the Board of Directors), Alfredo Egydio Setubal, Luiz Fernando Ziegler de Saint Edmond, Marcelo Pereira Lopes de Medeiros, Rodolfo Villela Marino, Silvio Tini de Araújo, and Stacey Kirkpatrick Brown. Several matters were discussed at this meeting, as follows:
- APPROVAL OF RESULTS FOR THE 1ST QUARTER 2021:The Management Report and the Financial Statements for the first quarter of 2021 were approved for submission to the Brazilian Securities Commission and the Stock Exchange.
VII - EXECUTION OF MEMORANDUM OF UNDERSTANDING FOR PURCHASE OF QUOTAS OF IOASYS AND INNOVATION: The members of the Board of Directors approved the execution of a binding Memorandum of Understanding for the purchase by Alpargatas S.A. of one hundred percent (100%) of the equity interest of Gilson Almeida Villela Junior and Walter Galvão Neto, quotaholders of Ioasys Desenvolvimento de Software Ltda. and Innovation Oasys Desenvolvimento de Sistemas Ltda. (collectively referred to as "Ioasys"), through a purchase and sale agreement of 100% of Ioasys' quota capital, according to the terms and conditions thereof. The amount attributed to 100% of Ioasys' quota capital is R$ 200,000,000.00, which payment will be made during a term of five (5) years. A portion of the payment will be made in cash and another portion in Alpargatas' stocks. The Corporation is authorized to take any and all actions necessary to execute the instruments required to give effect to this transaction. Finally, the members of the Board of Directors approved the granting of a specific power of attorney in favor of Marcelo Tsuruta Litvin and Elaine Cristina Zanão Lapetina to jointly represent the Corporation in the Transaction approved herein, with powers to (i) sign the Memorandum of Understanding, the Quota Purchase and Sale Agreement, and (ii) practice all actions and
sign all documents required for the consummation of the transaction approved herein.
All presentations related to the agenda of this Meeting are filed at the Corporation's headquarters.
I declare that this is a true copy of the minutes kept in the Corporation's book.
São Paulo, May 3, 2021.
Pedro Moreira Salles
Chairman of the Board of Directors
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Alpargatas SA published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 20:43:03 UTC.
Alpargatas SA, formerly Sao Paulo Alpargatas SA, is a Brazil-based company engaged in the production of footwear, apparel and sporting goods. The Company manufactures and sells footwear and its components, clothing as well as textile products. The Company's brand names portfolio includes Havaianas, manufacturing flip-flops in numerous designs and colors; Osklen, a fashion brand offering male and female clothing, shoes and accessories, such as bags and sunglasses, and Dupe, sandals manufacturer that uses HXP Gel technology which provides more comfort and softness to the consumersâ feet. The Company is present throughout the world, including Colombia, Hong Kong, London, Lisbon and Sao Paulo.
ALPARGATAS S.A. 
