Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 118

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 118
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or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained
in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands (awards
of punitive or multiple damages may well be held to be contrary to public policy). A Cayman Islands court may stay enforcement proceedings
if concurrent proceedings are being brought elsewhere.

As a result of all of the above, public shareholders
may have more difficulty in protecting their interests in the face of actions taken by management, members of the board of directors or
controlling shareholders than they would as public shareholders of a United States company.

If any person resident in the Cayman Islands knows
or suspects, or has reasonable grounds for knowing or suspecting that another person is engaged in criminal conduct or money laundering,
or is involved with terrorism or terrorist property or proliferation financing or is the business combination partner of a financial sanction,
and the information for that knowledge or suspicion came to their attention in the course of business in the regulated sector, or other
trade, profession, business or employment, the person will be required to report such knowledge or suspicion to (i) the Financial
Reporting Authority of the Cayman Islands (“FRA”), pursuant to the Proceeds of Crime Act (As Revised) of the Cayman Islands,
if the disclosure relates to criminal conduct or money laundering, or (ii) a police officer of the rank of constable or higher, or
the FRA, pursuant to the Terrorism Act (As Revised) of the Cayman Islands, if the disclosure relates to involvement with terrorism or
terrorist financing and property. Such a report will not be treated as a breach of confidence or of any restriction upon the disclosure
of information imposed by any enactment or otherwise. We reserve the right to refuse to make any payment to a shareholder if our directors
or officers suspect or are advised that the payment to such shareholder might result in a breach of applicable anti-money laundering,
counter-terrorist financing, prevention of proliferation financing and financial sanctions or other laws or regulations by any person
in any relevant jurisdiction, or if such refusal is considered necessary or appropriate to ensure our compliance with any such laws or
regulations in any applicable jurisdiction.

Substantially all of our assets are located outside
the United States. In addition, all or a substantial portion of the assets of the members of our board of directors and of our officers
are located outside