Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 71

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 71
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 lock-up party or its affiliates or (B) as part of a distribution to partners, members
or shareholders of the lock-up party or its direct or indirect members or shareholders; (vi) to a nominee or custodian of a person
or entity to whom a disposition or transfer would be permissible under clauses (i) through (v); (vii) by operation of law, such as
pursuant to a qualified domestic order, divorce settlement, divorce decree or separation agreement; (viii) to us from an employee
of upon death, disability or termination of employment of such employee; (ix) that the lock-up party has acquired (A) in open
market transactions after the closing of the offering or (B) from the underwriters in connection with this offering; (x) pursuant
to an order of a court or regulatory agency; (xi) pursuant to a bona fide third party tender offer, merger, consolidation or other
similar transaction that is approved by our board of directors of involving a change of control of the Company in which the acquiring
party becomes the beneficial owner of more than 50% of the total voting power of our shares of; (xii) to us in connection with the
vesting, settlement, or exercise of restricted share units, options, warrants or other rights to purchase common shares, or (xiii) the
pledge, hypothecation or other granting of a security interest in lock-up securities to one or more lending institutions as collateral
or security for any loan, advance or extension of credit; (b) exercise of the options, settle restricted share units or other equity
awards pursuant to plans described in this prospectus supplement or exercise warrants, (c) convert outstanding preferred shares,
warrants to acquire preferred shares or convertible securities into common shares or warrants to acquire common shares, provided that
any lock-up securities received upon such exercise, vesting or settlement would be subject to restrictions similar to those in the immediately
preceding paragraph, (d)(1) establish trading plans pursuant to Rule 10b5-1 under the Exchange Act, or (2) transfers of lock-up securities
pursuant to a Rule 10b5-1 plan existing as of the date of the lock-up agreement, in accordance with the terms of such existing 10b5-1
plan in existence as of the date of the lock-up agreement without any further amendment or modification, (e) sell common shares pursuant
to the underwriting agreement