Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 72

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 72
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 in the lock-up agreements between the underwriters and the lock-up parties do not apply, subject in
certain cases to various conditions, to certain transactions, including (a) transfers of lock-up securities: (i) as bona fide
gifts, or for bona fide estate planning purposes, (ii) by will or intestacy, (iii) to any immediate family of the lock-up party
or any trust for the direct or indirect benefit of the lock-up party or the immediate family of the lock-up party, or if the lock-up party
is a trust, to a trustor or beneficiary of the trust or to the estate of a beneficiary of such trust; (iv) to a partnership, limited
liability company or other entity of which the lock-up party and any immediate family of the lock-up party are the legal and beneficial
owner of all of the outstanding equity securities or similar interests; (v) if the lock-up party is a corporation, partnership, limited
liability company, trust or other business entity, (A) to another corporation, partnership, limited liability company, trust or other
business entity that is an affiliate of the lock-up party, or to any investment fund or other entity controlling, controlled by, managing
or managed by or under common control with the lock-up party or its affiliates or (B) as part of a distribution to partners, members
or shareholders of the lock-up party or its direct or indirect members or shareholders; (vi) to a nominee or custodian of a person
or entity to whom a disposition or transfer would be permissible under clauses (i) through (v); (vii) by operation of law, such as
pursuant to a qualified domestic order, divorce settlement, divorce decree or separation agreement; (viii) to us from an employee
of upon death, disability or termination of employment of such employee; (ix) that the lock-up party has acquired (A) in open
market transactions after the closing of the offering or (B) from the underwriters in connection with this offering; (x) pursuant
to an order of a court or regulatory agency; (xi) pursuant to a bona fide third party tender offer, merger, consolidation or other
similar transaction that is approved by our board of directors of involving a change of control of the Company in which the acquiring
party becomes the beneficial owner of more than 50% of the total voting power of our shares of; (xii) to us