Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 113

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 113
---
 of Association,
the board of directors may regulate its proceedings as they determine is appropriate. Board meetings shall be held at least once every
calendar quarter and shall take place either in Montevideo, Uruguay, or at such other place as the directors may determine.

Subject to the provisions of the Articles of Association,
to any directions given by ordinary resolution of the shareholders and the listing rules of the Nasdaq, the board of directors may from
time to time at its discretion exercise all powers of dLocal, including, subject to the Companies Act, the power to issue debentures,
bonds and other securities of the company, whether outright or as collateral security for any debt, liability or obligation of our company
or of any third party.

<div align='center'>15</div>

Inspection of Books and Records

Holders of dLocal shares have no general right
under Cayman Islands law to inspect or obtain copies of the list of shareholders or corporate records of the Company. However, the board
of directors may determine from time to time whether and to what extent dLocal’s accounting records and books shall be open to inspection
by shareholders who are not members of the board of directors. Notwithstanding the above, the Articles of Association provide shareholders
with the right to receive annual financial statements. Such right to receive annual financial statements may be satisfied by publishing
the same on the company’s website or filing such annual reports as we are required to file with the SEC.

Register of Members

Our Class A common shares are held through
DTC, and DTC or Cede & Co., as nominee for DTC, is recorded in the register of members as the holder of our Class A common
shares.

Under Cayman Islands law, dLocal must keep a register
of shareholders that includes:

| · | the names and addresses of the shareholders, a statement of the shares held by each member, and of the amount paid or agreed to be 
 considered as paid, on the shares of each member;                                                                                  |

| · | whether voting rights attach to the shares in issue; |

| · | the date on which the name of any person was entered on the register as a member; and |

| · | the date on which any person ceased to be a member. |

Under Cayman Islands law, the register of members
of dLocal is prima facie evidence of the matters set out therein (i.e. the register of members will raise a presumption of fact on the
matters referred to above unless rebutted)