Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 85

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 85
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 pursuant to Section 275(1), or any person pursuant to Section 275(1A),
and in accordance with the conditions specified in Section 275, of the SFA or (3) otherwise pursuant to, and in accordance with
the conditions of, any other applicable provision of the SFA.

Where the Class A common shares are subscribed
or purchased under Section 275 of the SFA by a relevant person which is: (a) a corporation (which is not an accredited investor
(as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital of which is
owned by one or more individuals, each of whom is an accredited investor; or (b) a trust (where the trustee is not an accredited
investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor,
securities (as defined in Section 239(1) of the SFA) of that corporation or the beneficiaries’ rights and interest (howsoever
described) in that trust shall not be transferred within six months after that corporation or that trust has acquired the Class A
common shares pursuant to an offer made under Section 275 of the SFA, except: (1) to an institutional investor under Section 274
of the SFA or to a relevant person (as defined in Section 275(2) of the SFA), or to any person arising from an offer referred to
in Section 275(1A), or Section 276(4)(i)(B) of the SFA; (2) where no consideration is or will be given for the transfer;
(3) where the transfer is by operation of law; (4) as specified in Section 276(7) of the SFA; or (5) as specified
in Regulation 32 of the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore.

Singapore Securities and Futures Act Product Classification—Solely
for the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act (Chapter 289 of Singapore)
(the “SFA”), we have determined, and hereby notify all relevant persons (as defined in Section 309A of the SFA) that
the Class A common shares are “prescribed capital markets products” (as defined in the Securities and Futures