GOL LINHAS AÉREAS INTELIGENTES S.A.

(“Publicly-held Company”)

CNPJ/MF nº 06.164.253/0001-87

NIRE 35.300.314.441

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

HELD ON JULY 31, 2017

I. Date, Time and Place: July 31, 2017, at 02:30 p.m., on Praça Comte. Linneu Gomes, S/N, Portaria 3 – Prédio 07 –Board of Directors’ Meeting Room of Gol Linhas Aéreas Inteligentes S.A. (“Company”). II. Call Notice: Waived, due to the attendance of all the members of the Board of Directors of the Company. III. Attendance: The following directors were present: Messrs. Constantino de Oliveira Junior, Joaquim Constantino Neto, Ricardo Constantino, Antonio Kandir, André Béla Jánszky, Francis James Leahy Meaney, Germán Pasquale Quiroga Vilardo, William Charles Carroll and Anna Luiza Serwy Constantino (by conference call), representing, therefore, all the members of the Board of Directors of the Company. IV. Chairmanship of the Meeting: Mr. Constantino de Oliveira Junior was the chairman of the meeting, and invited me, Mrs. Graziela Galli Ferreira Barioni, to act as secretary of the meeting. V. Agenda: To adopt resolutions on the following matters: (a) execution of the “Credit Agreement” among the Company, Gol Linhas Aéreas S.A. (“GLA”), enrolled with the CNPJ/MF under nº 07.575.651/0001-59, a subsidiary of the Company, JPMorgan Chase Bank, National Association (“JP Morgan”) and Export-Import Bank of United States (“Ex-Im Bank”), referring to the payment of the technical services to be performed on GLA’s aircraft engines; (b) execution of the “Guaranty Agreement” between the Company, JPMorgan, and Ex-Im Bank, in order to guarantee the fulfillment of the obligations undertaken by GLA, through issue of Promissory Notes referring to the payment of the technical services to be performed on GLA’s aircraft engines (c) execution of the “Borrower Indemnity Agreement” and of the “Fee Letters”, providing for the Company’s direct obligations relating to the agreements for financing of the repairs on GLA’s aircraft engines; (d) execution, by the Executive Officers of the Company, of any other agreements, commitments or documents relating to the financing of the repair services to be performed in the GLA aircraft engines, guaranteed by Ex-Im Bank, mentioned on items “a”, “b” and “c” above; (e) the approval of the Credit Agreement to be entered by the Company, GLA, Crédit Agricole CBI and Ex-Im Bank, in order to guarantee the obligations assumed by GLA, relating to the financing of the payments due to the In-Flight Connectivity And Entertainment Services Agreement (“In-Flight Agreement”); (f) the execution of a Guaranty Agreement, to be entered into between the Company and Crédit Agricole CIB, and Ex-Im Bank, in order to guarantee the fulfillment of the obligations undertaken by GLA, relating to the financing of the payments due to the In-Flight Agreement (g) the execution of the Borrower Indemnity Agreement and of the Fee Letters, relating to the financing of the payments due to the In-Flight Agreement; and (h) the execution, by the Executive Officers of the Company, of any other agreements, commitments or documents relating to the financing of the payments

due to the In-Flight Agreement, mentioned on items “e”, “f” and “g” above. VI. Resolutions: After the necessary explanations were provided, and after due review of the documents referring to the matters hereof, the Directors have unanimously approved: (a) the execution of the Credit Agreement to be entered into among the Company, GLA, JPMorgan and Ex-Im Bank, in the amount of up to USD 11.000.000,00 (eleven millions dollars), relating to the financing of the repair services to be performed in the GLA aircraft engines; (b) the execution of a Guaranty Agreement, to be entered by the Company, JPMorgan and Ex-Im Bank, in the amount of up to USD 11.000.000,00 (eleven millions dollars), in order to guarantee the fulfillment of the obligations undertaken by GLA, through issue of Promissory Notes, the proceeds of which will be used in the payment of the technical services to be performed on GLA’s aircraft engines; (c) the execution of the Borrower Indemnity Agreements and of the Fee Letters, providing for the Company’s direct obligations relating to the financing agreements for the repairs on GLA’s aircraft engines; (d) the execution, by the Executive Officers of the Company, of any other agreements, commitments or documents relating to the financing of the repair services to be performed in the GLA aircraft engines, guaranteed by Ex-Im Bank, mentioned on items “a”, “b” and “c” above; (e) the approval of the Credit Agreement to be entered by the Company, GLA, Crédit Agricole CBI and Ex-Im Bank, in the amount of up to USD 11.000.000,00 (eleven millions dollars), in order to guarantee the obligations assumed by GLA, relating to the financing of the payments due to the In-Flight Agreement; (f) the approval of the Guaranty Agreement to be entered by the Company, GLA, Crédit Agricole CBI and Ex-Im Bank, in the amount of up to USD 11.000.000,00 (eleven millions dollars), in order to guarantee the obligations assumed by GLA, relating to the financing of the payments due to the In-Flight Agreement; (g) the execution of the Borrower Indemnity Agreement and of the Fee Letters, relating to the financing of the payments due to the In-Flight Agreement; and (h) the execution by the Executive Officers of the Company, of any other agreements, commitments or documents relating to the financing of the payments due to the In-Flight Agreement, mentioned on items “e”, “f” and “g” above. The executive officers of the Company are hereby authorized in practicing all acts, as well as signing all the necessary documents in order to constitute the guarantee now approved. VII. Adjournment of the Meeting and Drawing-up of these Minutes: The floor was offered to whoever might wish to use it, and since nobody did so, the meeting was adjourned for the necessary time for the drawing-up of these minutes. After the meeting was reopened, these minutes were read, checked and signed by the attendees. Signatures: Chairmanship of the Meeting: Constantino de Oliveira Junior– Chairman; Graziela Galli Ferreira Barioni – Secretary. Directors: Constantino de Oliveira Junior, Joaquim Constantino Neto, Ricardo Constantino, Antonio Kandir, André BélaJánszky, Francis James Leahy Meaney, Germán Pasquale Quiroga Vilardo, William Charles Carroll and Anna Luiza Serwy Constantino. I hereby certify that this is a faithful copy of the original minutes that were drawn-up in the proper book.

São Paulo, July 31, 2017.