(Commission File No. 1-14862 )

On December 16, 2016, at 9:00 a.m., at the Company’s office located at Rua Lemos de Monteiro, n° 120, 15º andar, São Paulo/SP, CEP 05501-050, an Extraordinary Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, as per the signatures placed at the end of these minutes. Board Member João Carlos Trigo de Loureiro, as well as his respective alternate, were absent for justified reasons. Chief Executive Officer Fernando Musa, and officers Gustavo Valverde and Pedro Freitas were present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA: I) Subject for deliberation: After due analysis of the Proposal for Deliberation (“PD”), a copy and related documentation of which were previously forwarded to the Board Members for cognizance, pursuant to the Internal Regulations thereof, and shall remain duly filed at the Company’s headquarters, the following deliberation was approved by unanimous vote of the attendees, under the terms and conditions set out in the respective PD: 1)  PD.CA/BAK-17/2016 – Formalization of an agreement between Braskem S/A and the Swiss and US authorities - the following matters were approved: (a) execution by the Company (i) of the Plea Agreement with the Department of Justice - DOJ, substantially under the terms of Exhibit 2 of the respective PD, (ii) of the Consent with the Securities and Exchange Commission - SEC, substantially under the terms of Exhibit 3 of the respective PD; and (iii) of the waiver to the right to appeal against the Closure Order with regard to proceedings SV.16.1280-LEN, substantially under the terms of Exhibit 4 of the respective PD, with Braskem's Executive Office being authorized to practice all acts required for the full implementation of this deliberation; (b) acceptance of the supplementary recommendations made by the Compliance Committee in the Supplementary Report, under the terms of Exhibit 6 of the respective PD, and the Executive Office is instructed to take the measures indicated and report them to the Board of Directors; and (c) for purposes of complying the terms of the Plea Agreement, the drawing up of the minutes, pursuant to the draft of the Certificate of Corporate Resolutions included in Exhibit 7 of the respective PD, with the Secretary of this Meeting being authorized to sign them.  At that time, affirmative votes were separately cast by board members, which shall be filed at the Company's headquarters. II) Subjects for Acknowledgement: nothing to record. IV) Adjournment: As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed

 

                                                                                  

 

 

BRASKEM S.A.

C.N.P.J N^o. 42.150.391/0001-70 - NIRE 29300006939

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

 

HELD ON DECEMBER 16, 2016

 

 

and found to be in order, are signed by all the Board Members present at the meeting, by the Chairman and by the Secretary. São Paulo, December 16, 2016. Signatures: Newton Sergio de Souza – Chairman, Marcella Menezes Fagundes – Secretary, Alfredo Lisboa Ribeiro Tellechea; Álvaro Fernandes da Cunha Filho; Antonio Britto Filho; Daniel Bezerra Villar; Edson Chil Nobre ; Ernani Filgueiras de Carvalho; Fernando Reis Vianna Filho;           João Cox Neto and Luiz de Mendonça.

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

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