Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 106

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 106
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to notice of, or to vote at any general meeting of shareholders or any adjournment thereof, or shareholders entitled to receive dividend
or other distribution payments, or in order to make a determination of shareholders for any other purpose, dLocal’s board of directors
may set a record date which shall not exceed forty (40) clear days prior to the date where the determination will be made.

General Meetings of Shareholders

As a condition of admission to a shareholders’
meeting, a shareholder must be duly registered as a shareholder of dLocal at the applicable record date for that meeting and, in order
to vote, all calls or installments then payable by such shareholder to dLocal in respect of the shares that such shareholder holds must
have been paid.

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Subject to any special rights or restrictions
as to voting then attached to any shares, at any general meeting every shareholder who is present in person or by proxy (or, in the case
of a shareholder being a corporation, by its duly authorized representative not being himself or herself a shareholder entitled to vote)
shall have one vote per Class A common share and five votes per Class B common share.

As a Cayman Islands exempted company, dLocal is
not obliged by the Companies Act to call annual general meetings; however, the Articles of Association provide that in each year the company
will hold an annual general meeting, at a time determined by the board of directors, provided that the board of directors of dLocal has
the discretion whether or not to hold an annual general meeting. For the annual general meeting the agenda will include, among other things,
the presentation of the annual accounts and the report of the directors. In addition, the agenda for an annual general meeting will only
include such items as have been included therein by the board of directors.

Also, dLocal may, but is not required to (unless
required by the laws of the Cayman Islands), hold other extraordinary general meetings during the year. General meetings of shareholders
are generally expected to take place in Montevideo, Uruguay, but may be held elsewhere if the directors so decide.

The Companies Act provides shareholders a limited
right to request a general meeting, and does not provide shareholders with any right to put any proposal before a general meeting in default
of a company’s Articles of Association. However, these rights may be provided in a company’s Articles of Association. dLocal’s
Articles of Association provide that upon the requisition of one or more shareholders