Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 68

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 68
---
 basis as other allocations.

We have agreed that we will not (i) offer,
pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right
or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, or publicly file with, the Securities and Exchange
Commission a registration statement under the Securities Act relating to, any of our common shares or securities convertible into or exercisable
or exchangeable for any of our common shares, or publicly disclose the intention to make any offer, sale, pledge, loan, disposition or
filing, or (ii) enter into any swap or other arrangement that transfers all or a portion of the economic consequences associated
with the ownership of any of our common shares or any such other securities (regardless of whether any of these transactions are to be
settled by the delivery of common shares or such other securities, in cash or otherwise), in each case without the prior written consent
of the representatives of the underwriters for a period of 90 days after
the date of this prospectus supplement, other than the Class A common shares to be sold in this offering.

The restrictions on our actions, as described
above, do not apply to certain transactions, including (i) the issuance of common shares or securities convertible into or exercisable
for common shares pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options
(including net exercise) or the settlement of restricted stock units (including net settlement), in each case outstanding on the date
of this prospectus supplement and described herein; (ii) grants of stock options, share awards, restricted shares, restricted stock
units or other equity awards and the issuance of common shares or securities convertible into or exercisable or exchangeable for common
shares (whether upon the exercise of stock options or otherwise) to our employees, officers, directors, advisors, or consultants pursuant
to the terms of an equity compensation plan in effect as of the closing date of this offering and described in this prospectus, provided
that such recipients enter into a lock-up agreement with the underwriters; (iii) the filing of any registration statement (A) on
Form S-8 relating to securities granted or to be granted pursuant to any plan in effect on the date of this prospectus supplement and
described herein or any assumed benefit plan pursuant to an acquisition or similar strategic transaction or (B) in connection with