Company: DLO
Filing Date: 2025-09-03
Form Type: F-3ASR
Source: 0000950103-25-011186
Chunk: 34

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: F-3ASR
Chunk 34
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 documents.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been
informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.

Item 9. Exhibits.

See Exhibit Index beginning on page II-4 of this
registration statement.

Item 10. Undertakings.

(a)The
undersigned registrant hereby undertakes:

| (1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |

| (i) | to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 |

| (ii) | to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent    
 post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth 
 in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered                 |

<div align='center'>II-1</div>

(if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected
in the form of prospectus filed with the Commission pursuant to Rule 424(b) under the Securities Act of 1933 if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation
of Registration Fee” table in the effective registration statement;

| (iii) | to include any material information with respect to the plan of distribution not previously disclosed in the registration statement 
 or any material change to such information in the registration statement,                                                           |

provided, however, that paragraphs (i), (ii), and (iii) do not
apply if the registration statement is on Form S-1, Form S-3, Form SF-3 or Form F-3 and the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section
13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or, as to
a registration