Jive Distressed & Special Sits V

The objective of Fund V is to provide capital gains and achieve a target return to investors of approximately 19.0% per annum net (CDI+5.8% per annum) through the preponderant allocation of resources of its Class (as defined in the Regulations) in Invested Quotas (as defined in the Regulations), in accordance with the investment policy ("Investment Policy") set forth in the descriptive annex to the Regulations of Fund V ("Regulations").

Professional investors, as defined under article 11 of CVM Resolution No. 30, of May 11, 2021, as amended ("Professional Investors").

The Investment Policy of the Class provides for the allocation of a minimum of 67% (sixty-seven percent) of the Net Assets (as defined in the Regulations) of the Class to Invested Quotas, represented by quotas of the Master Funds (as defined in the Regulations). As the Class is intended exclusively for Professional Investors, the limits set forth in article 50 of Normative Annex II of CVM Resolution No. 175, dated December 23, 2022, as amended ("CVM Resolution 175") do not apply, such that the Class may freely allocate its resources between the Master Fund (Qualified) (as defined in the Regulations) and the Master Fund (Professional) (as defined in the Regulations), without percentage restriction between them.

The residual portion of the Net Assets of the Class shall be maintained in Brazilian currency or invested exclusively in Financial Assets (as defined in the Regulations), in accordance with the Descriptive Annex.

The Master Fund (Qualified), being a class intended exclusively for qualified investors, pursuant to Normative Annex II, may conduct any operations and investments permitted to classes of credit rights investment funds intended for qualified investors, including, without limitation, the acquisition of standardized credit rights, in any of the categories of structured credit, distressed assets, real estate assets, special situation assets, and new opportunity assets, observing the eligibility criteria set forth in the respective regulations and the concentration limits by obligor, issuer, and type of credit right provided for in applicable regulations and in the respective regulations.

The Master Fund (Professional), being a class intended exclusively for professional investors, pursuant to Normative Annex II of CVM Resolution 175, may conduct any operations and investments permitted to classes of credit rights investment funds intended for professional investors, including, without limitation, (i) the acquisition of standardized and non-standardized credit rights, the latter in accordance with article 15 of Normative Annex II of CVM Resolution 175, in any of the categories of structured credit, distressed assets, real estate assets, special situation assets, and new opportunity assets, observing the eligibility criteria set forth in the respective regulations; (ii) non-compliance with concentration limits by obligor, issuer, and type of credit right, in accordance with article 52, item I, of Normative Annex II of CVM Resolution 175; and (iii) other operations permitted by CVM Resolution 175 and by Normative Annex II to classes intended exclusively for professional investors, in accordance with the respective regulations.