Document:

EX-4.2

 Exhibit 4.2 
  

  
  

 
 NU HOLDINGS LTD. 

REGISTRATION RIGHTS AGREEMENT 

November 18, 2021 
  

 
  

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made on November 18, 2021 by and among Nu Holdings Ltd.,
a Cayman Islands exempted company (the “Company”) and the shareholders listed on Schedule A hereto, each of which is herein referred to as a “Shareholder.” 

WHEREAS, the Company and certain of the Shareholders entered into that certain Investors’ Rights Agreement dated June 24,
2016, which was amended and restated pursuant to that certain Amended and Restated Investors’ Rights Agreement dated November 24, 2016 by and among the Company and certain investors, which was further amended and restated pursuant to that
certain Second Amended and Restated Investors’ Rights Agreement dated February 15, 2018 by and among the Company and certain investors, which was further amended and restated pursuant to that certain Third Amended and Restated
Investors’ Rights Agreement dated September 28, 2018 by and among the Company and certain investors, which was further amended and restated pursuant to that certain Fourth Amended and Restated Investors’ Rights Agreement dated
July 31, 2019 by and among the Company and certain investors, which was further amended and restated pursuant to that certain Fifth Amended and Restated Investors’ Rights Agreement dated December 30, 2019 by and among the Company and
certain investors, which was further amended and restated pursuant to that certain Sixth Amended and Restated Investors’ Rights Agreement dated June 18, 2020 by and among the Company and certain investors, which was further amended and
restated pursuant to that certain Seventh Amended and Restated Investors’ Rights Agreement dated February 3, 2021 by and among the Company and certain investors, and which was further amended and restated pursuant to that certain Eighth
Amended and Restated Investors’ Rights Agreement dated June 11, 2021 by and among the Company and certain investors (such Eighth Amended and Restated Investors’ Rights Agreement, the “Prior Agreement”); 

WHEREAS, Section 1 and Section 3 of the Prior Agreement may be amended with the written consent of the Company and the
holders of a majority of the Registrable Securities (such holders, the “Requisite Parties”); 
 WHEREAS, the Company
is contemplating an underwritten initial public offering of its Class A Ordinary Shares (as defined below) on the New York Stock Exchange (the “IPO”), and immediately prior to the consummation of the IPO (provided that such IPO
is a “Qualified Public Offering,” as such term is defined in the Prior Agreement), Section 2 of the Prior Agreement shall terminate and be of no further force or effect; and 

WHEREAS, in connection with the IPO, the Company and the undersigned Shareholders, comprising the Requisite Parties, wish to amend and
restate the Prior Agreement in order to accept the rights and covenants hereof in lieu of their rights and covenants under the Prior Agreement, and intend for this Agreement to become effective immediately following the termination of Section 2
of the Prior Agreement in accordance with its terms. 

  
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 NOW, THEREFORE, in consideration of the foregoing premises and certain other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the undersigned Shareholders agree that the Prior Agreement is hereby amended and restated in its entirety by this Agreement, and the parties
further agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. For purposes of this Agreement: 

(a) The term “1934 Act” means the United States Securities Exchange Act of 1934, as amended. 

(b) The term “Act” means the United States Securities Act of 1933, as amended. 

(c) The term “Affiliate” means, with respect to any Person, any other Person who or which, directly or indirectly, Controls,
is Controlled by, or is under common Control with such specified Person, including, without limitation, any general partner, officer, director or manager of such Person and any venture capital, other investment or managed fund or registered
investment company now or hereafter existing that is Controlled by one or more general partners or managing members of, or is under common investment management with, such Person. The term “Control” (including, with correlative
meanings, the terms “Controlling,” “Controlled by” and “under common Control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. For purposes of this Agreement, to be “affiliated” or “Affiliated” with a Person means to
be an Affiliate (as defined in this Section 1.01(c)) of such Person. Notwithstanding the foregoing, (i) with respect to Tencent, the term “Affiliate” shall be deemed to refer only to each Person whose financial
information or results are, or should be (under applicable accounting rules), consolidated in the consolidated financial statements of Tencent Holdings Limited (or its successor); and (ii) for the avoidance of doubt, it is acknowledged and
agreed that non-Controlling investments by any Shareholder as a limited partner in investment funds that are not managed, advised or Controlled, directly or indirectly, by such Shareholder or its Affiliates
shall not cause such investment funds to be considered Affiliates of such Shareholder for purposes hereof. 
 (d) The term
“Articles” means the Company’s Twelfth Amended and Restated Memorandum and Articles of Association, as amended and/or restated from time to time. 

(e) The term “Board” means the Company’s Board of Directors, as constituted from time to time. 

  
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 (f) The term “Business Day” means any day on which banks are not required
or authorized by law to close in the City of New York, New York, USA or in São Paulo, State of São Paulo, Brazil. 
 (g) The
term “Class A Ordinary Shares” has the meaning set forth in the Articles. 
 (h) The term
“Class B Ordinary Shares” has the meaning set forth in the Articles. 
 (i) The terms
“Dollars” and “US$” mean United States Dollars. 
 (j) The term “Free Writing Prospectus”
means a free-writing prospectus, as defined in Rule 405 under the Act. 
 (k) The terms “Form F-3” and “Form S-3” mean such forms under the Act as in effect on the date hereof or any registration form under the Act subsequently adopted by the
SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

(l) The term “Holder” means any person owning Registrable Securities or any assignee thereof in accordance with
Section 2.11 hereof. 
 (m) The term “Ordinary Shares” has the meaning set forth in the Articles. 

(n) The term “Person” means any individual, corporation, partnership, trust, limited liability company, association or other
entity. 
 (o) The terms “register,” “registered,” and “registration” mean a registration
effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or document. 

(p) The term “Registrable Securities” means the Class A Ordinary Shares that are beneficially owned by the Shareholders
(or any assignee thereof in accordance with Section 2.11 hereof) from time to time, whether or not held immediately following the IPO, and any securities issued or issuable directly or indirectly with respect to, in exchange for, upon the
conversion of or in replacement of such Class A Ordinary Shares, whether by way of a dividend or distribution or stock split, in connection with a combination of shares, recapitalization, merger, consolidation, exchange or other reorganization
or otherwise (including, for the avoidance of doubt, the Class A Ordinary Shares issuable upon conversion of any Class B Ordinary Shares and/or preferred shares of the Company that are beneficially owned by the Shareholders in accordance
with the Articles and the terms of such securities); provided, however, that any such securities shall cease to be Registrable Securities if (i) they have been sold to the public pursuant to a registration statement or an offering
conducted pursuant to Rule 144, (ii) they have been transferred by a Holder in a transaction in which the Holder’s rights under this Agreement are not, or cannot be, assigned, (iii) the registration rights applicable to such securities
have terminated pursuant to Section 2.15 hereof or (iv) they cease to be outstanding. 

  
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 (q) The term “Rule 144” means Rule 144 under the Act. 

(r) The term “SEC” means the Securities and Exchange Commission. 

(s) With respect to “Subsidiaries” or “subsidiaries” of the Company, the term “Subsidiary” or
“subsidiary” has the meaning ascribed to the term “Subsidiary” in the Articles. 
 (t) The term
“Tencent” means Tencent Cloud Europe B.V. and its permitted assigns and successors. 
 ARTICLE 2 

REGISTRATION RIGHTS 

Section 2.01. Registration Rights. The Company covenants and agrees that the Holders shall be entitled to the following rights
with respect to any public offering of Class A Ordinary Shares in the United States, and to analogous or equivalent rights with respect to any offering of Class A Ordinary Shares in any other jurisdiction pursuant to which the Company
undertakes to offer publicly or list such securities for trading on a recognized securities exchange (and, with respect to any such offering of Class A Ordinary Shares in any other jurisdiction, references in this Agreement to laws of the
United States shall be deemed to be references to any analogous or equivalent provisions of the laws of such other jurisdiction). The Holders shall be entitled to the same rights set forth in this Article 2, as applicable, in respect of the shares
of any entity directly or indirectly controlled by the Company (in which case, the procedures established in this Agreement in respect of the Company and the Class A Ordinary Shares shall apply to such entity and its shares, mutatis
mutandis). 
 Section 2.02. Request for Registration. 

(a) Subject to the conditions of this Section 2.02, if the Company shall receive, at any time after six (6) months have
elapsed following the effective date of the IPO, a written request from Shareholders holding at least a majority of the Registrable Securities that are then outstanding and held by the Shareholders (for purposes of this Section 2.02, the
“Initiating Holders”) that the Company file a registration statement under the Act covering the registration of Registrable Securities with an anticipated aggregate offering price of at least US$50,000,000, then the Company shall,
within twenty (20) days of the receipt thereof, give written notice of such request to all Holders, and subject to the limitations of this Section 2.02, use all commercially reasonable efforts to effect, as soon as practicable, the
registration under the Act of all Registrable Securities that the Holders request to be registered in a written request received by the Company within twenty (20) days of the mailing of the Company’s notice pursuant to this
Section 2.02(a). 

  
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 (b) If the Initiating Holders intend to distribute the Registrable Securities covered by
their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Section 2.02(a) and the Company shall include such information in the written notice referred to in Section 2.02(a). In
such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the
underwriting (unless otherwise mutually agreed by such Holder and a majority in interest of the Initiating Holders) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an
underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by a majority in interest of the Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company).
Notwithstanding any other provision of this Section 2.02, if the underwriter(s) advises the Company that marketing factors require a limitation on the number of securities underwritten (including Registrable Securities), then the Company shall
so advise the Holders of Registrable Securities that would otherwise be underwritten pursuant thereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities
pro rata based on the number of Registrable Securities held by all such Holders (including the Initiating Holders). In no event shall any Registrable Securities be excluded from such underwriting unless all other securities are first excluded. Any
Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn from the registration. 
 (c) Notwithstanding the
foregoing, the Company shall not be required to effect a registration pursuant to this Section 2.02: 
 (i) in any
particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required
under the Act; or 
 (ii) after the Company has effected two (2) registrations pursuant to this Section 2.02, and
such registrations have been declared or ordered effective; or 
 (iii) during the period starting with the date that is
sixty (60) days prior to the Company’s good faith estimate of the date of the filing of, and ending on the date that is one hundred and eighty (180) days following the effective date of, a
Company-initiated registration subject to Section 2.03 below; provided that the Company is actively employing in good faith all commercially reasonable efforts to cause such registration statement
to become effective; or 
 (iv) if the Initiating Holders propose to dispose of Registrable Securities that may be registered
on Form F-3 or Form S-3 pursuant to Section 2.04 hereof; or 

  
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 (v) if the Company shall furnish to Holders requesting a registration
statement pursuant to this Section 2.02 a certificate signed by the Chairman of the Board, stating that in the good faith judgment of the Board it would be seriously detrimental to the Company and its shareholders for such registration
statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided that such right
shall be exercised by the Company not more than once in any twelve (12)-month period; and provided further that the Company shall not register any securities for the account of itself
or any other shareholder during such ninety (90)-day period (other than a registration relating solely to the sale of securities of participants in a Company share plan, a registration relating to a corporate
reorganization or transaction under Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable
Securities, or a registration in which the only Ordinary Shares being registered are Ordinary Shares issuable upon conversion of debt securities that are also being registered). 

Section 2.03. Company Registration. 

(a) If (but without any obligation to do so) the Company proposes to register (including for this purpose a registration effected by the
Company for shareholders other than the Holders) any of its Ordinary Shares or other equity securities under the Act in connection with the public offering of such securities (other than a registration relating solely to the sale of securities of
participants in a Company share plan, a registration relating to a corporate reorganization or transaction under Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be
included in a registration statement covering the sale of the Registrable Securities, a registration in which the only Ordinary Shares being registered are Ordinary Shares issuable upon conversion of debt securities that are also being registered or
a registration on Form F-1 relating solely to the sale of securities upon the expiration of any lock-up period applicable to such securities in accordance with the terms
of a lock-up agreement entered into with the underwriters of the IPO), the Company shall, at such time, promptly give each Holder written notice of such registration. Upon the written request of each Holder
given within twenty (20) days after the mailing of such notice by the Company in accordance with Section 3.05, the Company shall, subject to the provisions of Section 2.03(c), use all commercially reasonable efforts to cause to be
registered under the Act all of the Registrable Securities that each such Holder requests to be registered. 
 (b) The Company shall have the
right to terminate or withdraw any registration initiated by it under this Section 2.03 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. The expenses of such
withdrawn registration shall be borne by the Company in accordance with Section Section 2.07 hereof. 

  
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 (c) In connection with any public offering of Ordinary Shares or other Company equity
securities by the Company involving an underwriting, the Company shall not be required under this Section 2.03 to include any of a Holder’s securities in such underwriting unless such Holder accepts the terms of the underwriting as agreed
upon between the Company and the underwriters selected by the Company (or by other persons entitled to select the underwriters) and enter into an underwriting agreement in customary form with such underwriters, and then only in such quantity as the
underwriters determine in their sole discretion will not jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Securities, requested by shareholders to be included in such offering, exceeds
the amount of securities to be sold other than by the Company that the underwriters determine in their sole discretion is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of
such securities, including Registrable Securities, that the underwriters determine in their sole discretion will not jeopardize the success of the offering. In no event shall any Registrable Securities be excluded from such offering unless all other
shareholders’ securities have been first excluded. In the event that the underwriters determine that less than all of the Registrable Securities requested to be registered can be included in such offering, then the Registrable Securities that
are included in such offering shall be apportioned pro rata among the selling Holders based on the number of Registrable Securities held by all selling Holders or in such other proportions as shall mutually be agreed to by all such selling Holders.
Notwithstanding the foregoing, in no event shall the amount of Registrable Securities of the selling Holders included in the offering be reduced below thirty percent (30%) of the total amount of securities included in such offering. For purposes of
the preceding sentence concerning apportionment, for any selling shareholder that is a Holder of Registrable Securities and that is a venture capital fund, partnership or corporation, the affiliated venture capital funds, partners, members, retired
partners and shareholders of such Holder, or the estates and family members of any such partners, members and retired partners and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “selling Holder,”
and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate amount of Registrable Securities owned by all such related entities and individuals. 

Section 2.04. Form F-3 or Form S-3
Registration. In case the Company shall receive from Shareholders holding at least a majority of the Registrable Securities that are then outstanding and held by the Shareholders (for purposes of this Section 2.04, the “Initiating
Holders”) a written request or requests that the Company effect a registration on Form F-3 or Form S-3 and any related qualification or compliance with
respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company shall: 
 (a) promptly give written
notice of the proposed registration, and any related qualification or compliance, to all other Holders; and 

  
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 (b) use all commercially reasonable efforts to effect, as soon as practicable, such
registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Initiating Holders’ Registrable Securities as are specified in such
request, together with all or such portion of the Registrable Securities of any other Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company,
provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 2.04: 

(i) if Form F-3 or Form S-3 is not
available for such offering by the Holders; 
 (ii) if the Holders, together with the holders of any other securities of the
Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than US$5,000,000;

 (iii) if the Company shall furnish to Holders requesting registration pursuant to this Section 2.04 a certificate
signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company and its shareholders for such registration to be effected at such time, in which event the Company shall have
the right to defer such registration for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided that such right may be exercised by the Company not more than once in any twelve (12)-month period; and provided further that the Company shall not register any securities for the account of itself or any other shareholder during such ninety (90)-day period (other than a registration relating solely to the sale of securities of participants in a Company share plan, a registration relating to a corporate reorganization or transaction under Rule 145
of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only
Ordinary Shares being registered are Ordinary Shares issuable upon conversion of debt securities that are also being registered); 

(iv) if the Company has, within the twelve (12) month period preceding the date of such request, already effected one
(1) registration on Form F-3 or Form S-3 for the Holders pursuant to this Section 2.04; 

(v) in the circumstances described in Section 2.02(c)(iii) hereof; or 

(vi) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general
consent to service of process in effecting such registration, qualification or compliance, unless the Company is already subject to service in such jurisdiction and except as may be required under the Act. 

  
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 (c) If the Initiating Holders intend to distribute the Registrable Securities covered by
their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 2.04 and the Company shall include such information in the written notice referred to in Section 2.04(a).
The provisions of Section 2.02(b) shall be applicable to such request (with the substitution of Section 2.04 for references to Section 2.02). 

(d) Subject to the foregoing, the Company shall file a registration statement covering the Registrable Securities as soon as practicable after
receipt of the request or requests of the Initiating Holders. Registrations effected pursuant to this Section 2.04 shall not be counted as requests for registration pursuant to Section 2.02. 

Section 2.05. Obligations of the Company. Whenever required under this Section 2.05 to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file with the SEC a registration
statement with respect to such Registrable Securities and use all commercially reasonable efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered
thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; 

(b) prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with
such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered by such registration statement; 

(c) furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus and a Free Writing Prospectus, in
conformity with the requirements of the Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them; 

(d) use all commercially reasonable efforts to register and qualify the Registrable Securities covered by such registration statement under
such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required under the Act; 

(e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter(s) of such offering; 

  
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 (f) notify each Holder of Registrable Securities covered by such registration statement at
any time when a prospectus or Free Writing Prospectus (to the extent prepared by or on behalf of the Company) relating thereto is required to be delivered under the Act or the happening of any event as a result of which the prospectus included in
such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances under which they were made, and, at the request of any such Holder, the Company will, as soon as reasonably practicable, file and furnish to all such Holders a supplement or amendment to such prospectus or Free Writing Prospectus (to
the extent prepared by or on behalf of the Company) so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they were made; 

(g) cause all such Registrable Securities registered pursuant to this Article 2 to be listed on a national exchange or trading system and on
each securities exchange and trading system on which similar securities issued by the Company are then listed; and 
 (h) provide a transfer
agent and registrar for all Registrable Securities registered pursuant to this Agreement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 

Notwithstanding the provisions of this Article 2, the Company shall be entitled to postpone or suspend, for a reasonable period of time, the filing,
effectiveness or use of, or trading under, any registration statement if the Company shall determine that any such filing or the sale of any securities pursuant to such registration statement would in the good faith judgment of the Board: 

(i) materially impede, delay or interfere with any material pending or proposed financing, acquisition, corporate
reorganization or other similar transaction involving the Company for which the negotiations have been authorized by the Board (where such authorization is required by the Articles or applicable law); 

(ii) materially adversely impair the consummation of any pending or proposed material offering or sale of any class of
securities by the Company; or 
 (iii) require disclosure of material nonpublic information that, if disclosed at such time,
would be materially harmful to the interests of the Company and its shareholders; provided, however, that during any such period all executive officers and directors of the Company are also prohibited from selling securities of the
Company (or any security of any of the Company’s subsidiaries or affiliates). 
 In the event of the suspension of effectiveness of any registration
statement pursuant to this Section 2.05, the applicable time period during which such registration statement is to remain effective shall be extended by that number of days equal to the number of days the effectiveness of such registration
statement was suspended. 

  
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 Section 2.06. Information from Holder. It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this Article 2 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities
held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of such Holder’s Registrable Securities. 

Section 2.07. Expenses of Registration. All expenses other than underwriting discounts and commissions incurred in connection with
registrations, filings or qualifications pursuant to Sections 2.02, 2.03 and 2.04 including (without limitation) all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the
Company and the reasonable fees and disbursements of one counsel for the selling Holders (not to exceed US$30,000) shall be borne by the Company. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any
registration proceeding begun pursuant to Sections 2.02 or 2.04 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating
Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration), unless, in the case of a registration requested under Section 2.02, the Holders of a majority of
the Registrable Securities agree to forfeit their right to demand registration pursuant to Section 2.02; provided, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the
condition, business or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request with reasonable promptness following disclosure by the Company of such material adverse change, then the
Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to Sections 2.02 and 2.04. 

Section 2.08. Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise
delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Article 2. 

Section 2.09. Indemnification. In the event any Registrable Securities are included in a registration statement: 

(a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, members, officers, directors and
stockholders of each Holder, legal counsel and accountants for each Holder, any underwriter (as defined in the Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Act or the 1934 Act,
against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act or the 1934 Act, insofar as such
losses, claims, damages or liabilities (or actions or 

  
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proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively, a
“Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus, final prospectus or Free Writing Prospectus contained therein
or any amendments or supplements thereto, any issuer information (as defined in Rule 433 of the Act) filed or required to be filed pursuant to Rule 433(d) under the Act or any other document incident to such registration prepared by or on behalf of
the Company or used or referred to by the Company, (ii) the omission or alleged omission to state in such registration statement a material fact required to be stated therein, or necessary to make the statements therein not misleading or
(iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act, the 1934 Act or any state securities laws, and the Company will reimburse each such
Holder, underwriter, controlling person or other aforementioned person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability, action or proceeding as such
expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.09(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, action or proceeding if such
settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability, action or proceeding to the extent that it
arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder, underwriter, controlling person or other
aforementioned person; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall not inure to the benefit of any Holder or underwriter or other aforementioned person, or
any person controlling such Holder or underwriter, from whom the person asserting any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the most current prospectus was not sent or given by or on behalf of
such Holder or underwriter or other aforementioned person to such person, if required by law to have been so delivered, at or prior to the written confirmation of the sale of the shares to such person, and if the prospectus (as so amended or
supplemented) would have cured the defect giving rise to such loss, claim, damage or liability. 
 (b) To the extent permitted by law, each
selling Holder will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Act, legal counsel and
accountants for the Company, any underwriter, any other Holder selling securities in such registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages or liabilities (severally and
not jointly) to which any of the foregoing persons may become subject, under the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act, the 1934 Act or any state securities laws, insofar as such losses,
claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance
upon and in conformity with written information furnished by such Holder expressly for use in 

  
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connection with such registration; and each such Holder will reimburse any person intended to be indemnified pursuant to this Section 2.09(b) for any legal or other expenses reasonably
incurred by such person in connection with investigating or defending any such loss, claim, damage, liability, action or proceeding as such expenses are incurred; provided, however, that the indemnity agreement contained in this
Section 2.09(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, action or proceeding if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld),
and provided that in no event shall any indemnity under this Section 2.09(b) exceed the net proceeds from the offering received by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 2.09 of notice of the commencement of any action or proceeding
(including any governmental action or proceeding), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.09, deliver to the indemnifying party a written notice of the
commencement thereof and the indemnifying party shall have the right to participate in and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, assume the defense thereof with counsel
mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate
counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between
such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action or proceeding, if prejudicial
to its ability to defend such action or proceeding, shall relieve such indemnifying party of liability to the indemnified party under this Section 2.09 to the extent of such prejudice, but the omission to so deliver written notice to the
indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.09. 

(d) If the indemnification provided for in this Section 2.09 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand in connection
with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations; provided, however, that no contribution by any Holder, when combined with any
amounts paid by such Holder pursuant to Section 2.09, shall exceed the net proceeds from the offering received by such Holder. The relative fault of the indemnifying party and the indemnified party shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

  
 14 

 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

(f) The obligations of the Company and Holders under this Section 2.09 shall survive the completion of any offering of Registrable
Securities in a registration statement under this Article 2 and otherwise. 
 Section 2.10. Reports Under the 1934 Act. With a
view to making available to the Holders the benefits of Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell Registrable Securities of the Company to the public without registration or pursuant to a
registration on Form F-3 or Form S-3, the Company agrees to: 

(a) make and keep public information available, as those terms are understood and defined in Rule 144, at all times after the effective
date of the IPO; 
 (b) file with the SEC in a timely manner all reports and other documents required of the Company under the Act and the
1934 Act; and 
 (c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) a written
statement by the Company that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the registration statement filed by the Company in connection with the IPO), the Act
and the 1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form F-3 or Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other
information as may be reasonably requested to avail any Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to such form. 

Section 2.11. Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to
this Article 2 may be assigned (but only with all related obligations) by a Holder to a transferee or assignee of such Registrable Securities that (i) is an Affiliate, subsidiary, parent, partner, limited partner, member, retired partner
or stockholder of a Holder, (ii) is a Holder’s family member or trust for the benefit of an individual Holder, (iii) after such assignment or transfer, would hold at least 70,800,000 Class A Ordinary Shares (on an as-converted basis and appropriately adjusted for any stock split, dividend, combination or other recapitalization), or (iv) solely in the case of the Founding Shareholder (as such term is defined in the
Articles, and so long as the Founding Shareholder qualifies as a “Holder” hereunder), to an “Affiliate,” as such term is defined in the Articles or other Person listed in Section 

  
 15 

 
5.5(a)(3) of the Articles; provided that (a) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or
assignee and the Registrable Securities with respect to which such registration rights are being assigned; (b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including,
without limitation, the provisions of Section 2.13 below; and (c) such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under
the Act. 
 Section 2.12. Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company
shall not, without the prior written consent of the Holders of a majority of the Registrable Securities, enter into any agreement with any holder or prospective holder of any securities of the Company that would provide to such holder the right to
include any of such securities in any registration filed under Section 2.02, Section 2.03 or Section 2.04 hereof on other than a pro rata basis or a subordinate basis with respect to the Registrable Securities. 

Section 2.13. “Market Stand-Off” Agreement. 

(a) Each Holder hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on
the date of the final prospectus relating to the Company’s IPO and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred and eighty (180) days) (i) lend, 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, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities
convertible into or exercisable or exchangeable for Ordinary Shares held immediately prior to the effectiveness of the registration statement for such offering, or (ii) enter into any swap or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of the Ordinary Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Ordinary Shares or other securities, in cash or
otherwise. The foregoing provisions of this Section 2.13 shall apply only to the IPO and shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement. In addition, the foregoing obligations of the Holders
shall only be applicable to the Holders if all officers, directors and greater than one percent (1%) shareholders (on an as-converted to Ordinary Shares basis) of the Company enter into similar agreements;
provided that for the avoidance of doubt, this sentence shall not limit the rights of any Holder under this Section 2.13. The underwriters in connection with the IPO are intended third-party
beneficiaries of this Section 2.13 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the
underwriters in the IPO that are consistent with this Section 2.13 or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the
underwriters shall apply pro rata to all Holders subject to such agreements, based on the number of shares subject to such agreements. To the extent that the terms of any lock-up agreement entered into by a
Holder and the underwriters in 

  
 16 

 
connection with the IPO are in conflict with the foregoing provisions, the provisions in such lock-up agreement shall control. In order to enforce the
foregoing covenants, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder (and the shares or securities of every other person subject to the foregoing
restriction) until the end of such period applicable to such Holder. 
 (b) Each Holder agrees that a legend reading substantially as follows
(subject to adjustment as required to comport with Section 2.13(a)) shall be placed on all certificates (if any) representing all Registrable Securities of each Holder or, if the Registrable Securities are not certificated, the following note
will be inserted on the pages of the register of members of the Company in which the Registrable Securities are registered (and the shares or securities of every other person subject to the restriction contained in this Section 2.13): 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF UP TO 180 DAYS AFTER
THE EFFECTIVE DATE OF THE ISSUER’S REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING FILED UNDER THE ACT, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SECURITIES, A COPY OF WHICH MAY BE OBTAINED
AT THE ISSUER’S PRINCIPAL OFFICE. SUCH LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES. 

Section 2.14. Legend Removal. Following the IPO, in connection with any sale of Registrable Securities permitted by this Agreement
that will result in such securities no longer being Registrable Securities, the Company will cooperate with the applicable Holder to, subject to applicable laws, (i) rescind any Act transfer restrictions or notations applicable to the
Registrable Securities and, if the Registrable Securities are certificated, facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive Act legends and
(ii) register such Registrable Securities in such denominations and such names as such Holder may request at least two (2) Business Days prior to such sale of Registrable Securities; provided that the Company may satisfy its
obligations hereunder without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System. 

Section 2.15. Termination of Registration Rights. The rights that each Holder shall be entitled to exercise under this Article 2
shall terminate upon the earlier of: (i) five (5) years following the consummation of the IPO, (ii) such earlier time after the IPO at which such Holder holds one percent (1%) or less of the Company’s outstanding Ordinary Shares
(on an as-converted to Ordinary Shares basis) and all Registrable Securities held by such Holder (together with any Affiliate of the Holder with whom such Holder must aggregate its sales under Rule 144)
can be sold in any ninety (90)-day period without registration in compliance with Rule 144, or (iii) immediately before the consummation of a Change of Control (as such term is defined in the
Articles) or the liquidation, dissolution or winding up of the Company. 

  
 17 

 ARTICLE 3 

MISCELLANEOUS. 

Section 3.01. Successors and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure
to the benefit of and be binding upon the respective successors and assigns of the parties (including transferees of any shares of Registrable Securities as permitted hereunder). Nothing in this Agreement, express or implied, is intended to confer
upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. The Company may assign
this Agreement at any time in connection with a sale or acquisition of the Company, whether by merger, consolidation, sale of all or substantially all of the Company’s assets, or similar transaction, without the consent of the Holders;
provided that the successor or acquiring Person agrees in writing to assume all of the Company’s rights and obligations under this Agreement. Except as set provided in Section 2.11, the Holders may not assign their rights and
obligations hereunder. 
 Section 3.02. Governing Law; Exclusive Jurisdiction. This Agreement and any controversy arising out of
or relating to this Agreement shall be governed by and construed under the laws of the Cayman Islands. The parties hereto (i) hereby irrevocably and unconditionally submit to the jurisdiction of the courts of the Cayman Islands for the purpose
of any suit, action or other proceeding arising out of or based upon this Agreement, (ii) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the courts of the Cayman Islands, and
(iii) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is
exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be
enforced in or by such court. 
 Section 3.03. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including .pdf or any electronic signature complying with the U.S. federal ESIGN
Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. The parties hereto irrevocably and
unreservedly agree that this Agreement, and any and all exhibits hereto or documents contemplated hereby, may be executed by way of electronic signatures and the parties hereto agree that such document(s), or any part thereof, shall not be
challenged or denied any legal effect, validity and/or enforceability solely on the ground that it is in the form of an electronic record. 

  
 18 

 Section 3.04. Titles and Subtitles. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
 Section 3.05.
Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic
mail or facsimile if sent during normal business hours of the recipient; if not, then on the next Business Day, (iii) on the date certified by the post office or courier, if sent by registered or certified mail, return receipt requested,
postage prepaid, or by an internationally recognized overnight courier, specifying second-day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the
addresses and/or email addresses set forth on the signature pages attached hereto or, in the case of the Holders, to the respective addresses and/or email addresses set forth on Schedule A hereto (or at such other addresses or email addresses as
shall be specified by notice given in accordance with this Section 3.05). 
 Section 3.06. Expenses. If any action at law
or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be
entitled. 
 Section 3.07. Entire Agreement; Amendments and Waivers. This Agreement (including the exhibits hereto, if any)
amends and restates the Prior Agreement in its entirety and constitutes the full and entire understanding and agreement among the parties with regard to the subjects hereof and thereof. Any term of this Agreement may be amended and the observance of
any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the holders of a majority of the Registrable Securities;
provided, however, that in the event such amendment or waiver adversely affects the obligations or rights of a Holder in a different manner than the other Holders, such amendment or waiver shall also require the written consent of such
Holder. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of Registrable Securities, each future holder of all such Registrable Securities and the Company. Notwithstanding the foregoing, this
Agreement may be amended by the Company alone to admit holders of any security of the Company so long as the rights of such holders hereunder are on a pro rata basis or a subordinate basis with respect to the Registrable Securities held by the
Shareholders who were parties to this Agreement prior to the issuance of such security. 
 Section 3.08. Third Party Rights.
Nothing in this Agreement shall confer any rights upon any other person other than the parties hereto and their respective heirs, successors and permitted assigns and the Contracts (Rights of Third Parties) Law, 2014, shall not confer on any person
who is not a party to this Agreement any rights. The consent of any person not a party to this Agreement shall not be required in respect of any amendment, variation or supplement made to this Agreement. 

  
 19 

 Section 3.09. Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, such provision(s) shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision(s) were so excluded and shall be enforceable in accordance with its terms.

 Section 3.10. Aggregation of Shares. All shares of Registrable Securities held or acquired by affiliated entities (including
affiliated venture capital funds) or persons shall be aggregated together for the purpose of determining the availability or the exercise of any rights under this Agreement. 

Section 3.11. Confidentiality. Each Shareholder agrees, severally and not jointly, to use the same degree of care as such
Shareholder uses to protect its own confidential information for any information obtained pursuant to this Agreement or otherwise as a shareholder of the Company which the Company identifies in writing as being proprietary or confidential and such
Shareholder acknowledges that it will not, unless otherwise required by law or the rules of any national securities exchange, association or marketplace, disclose such information without the prior written consent of the Company except such
information that (a) was in the public domain prior to the time it was furnished to such Shareholder, (b) is or becomes (through no willful improper action or inaction by such Shareholder) generally available to the public, (c) was in
its possession or known by such Shareholder without restriction prior to receipt from the Company, (d) was rightfully disclosed to such Shareholder by a third party without restriction or (e) was independently developed without any use of
the Company’s confidential information. Notwithstanding the foregoing, (x) each Shareholder that is a limited partnership or limited liability company may disclose such proprietary or confidential information to any former partners or
members who retained an economic interest in such Shareholder, current or prospective partner of the partnership or any subsequent partnership under common investment management, limited partner, general partner, member or management company of such
Shareholder (or any employee or representative of any of the foregoing), (y) each Shareholder that is not a natural person may disclose such proprietary or confidential information to any Affiliate of such Shareholder (or any employee or
representative of any Affiliate of such Shareholder) and (z) each Shareholder may disclose such proprietary or confidential information to legal counsel, accountants or representatives of such Shareholder (each of the foregoing Persons, a
“Permitted Disclosee”). Furthermore, nothing contained in this Section 3.11 shall prevent any Shareholder or any Permitted Disclosee from (i) entering into any business, entering into any agreement with a third party, or
investing in or engaging in investment discussions with any other company (whether or not competitive with the Company), provided that such Shareholder or Permitted Disclosee does not, except as permitted in accordance with this
Section 3.11, disclose or otherwise make use of any proprietary or confidential information of the Company in connection with such activities, or (ii) making any disclosures required by law, rule, regulation (including the securities and
public company related regulations and rules issued by any stock exchanges, as amended and restated from time to time) or court or other governmental order. 

[Remainder of page intentionally left blank] 

  
 20 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 COMPANY:
  

NU HOLDINGS LTD.

		
	By:	 	 /s/ David Vélez Osorno

		 	Name: David Vélez Osorno
		 	Title: Director
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	RUA CALIFORNIA LTD.
		
	By:	 	 /s/ David Vélez Osorno

		 	Name: David Vélez Osorno
		 	Title: Director
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	KV NUB, LLC
		
	By:	 	 /s/ Nicolas Carlos Szekasy

		 	Name: Nicolas Carlos Szekasy
		 	Title: Director
	
	 Address:
 [***]

	
	KV EOS HOLDINGS, LLC
		
	By:	 	 /s/ Nicolas Carlos Szekasy

		 	Name: Nicolas Carlos Szekasy
		 	Title: Director
	
	 Address:
 [***]

	
	KASZEK VENTURES OPPORTUNITY I, L.P.
		
	By:	 	 /s/ Nicolas Carlos Szekasy

		 	Name: Nicolas Carlos Szekasy
		 	Title: Director
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	SC USV XIV DE INVESTMENTS, LLC
		
	By:	 	 /s/ Douglas M. Leone

		 	Name: Douglas M. Leone
		 	Title: Authorized Signatory
	
	 Address:
 [***]

	
	SC USG VI DE INVESTMENTS, LLC
		
	By:	 	 /s/ Douglas M. Leone

		 	Name: Douglas M. Leone
		 	Title: Authorized Signatory
	
	 Address:
 [***]

	
	SEQUOIA GROVE II, LLC
		
	By:	 	 /s/ Douglas M. Leone

		 	Name:
		 	Title:
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	SCGE FUND, L.P.
		
	By:	 	 /s/ Kimberly Summe

		 	Name: Kimberly Summe
		 	Title: Chief Operating Officer and General Counsel
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	DST-NB INVESTMENTS LIMITED
		
	By:	 	 /s/ Despoina Zinonos

		 	Name: Despoina Zinonos
		 	Title: Director
	
	 Address:
 [***]

	
	 DST INVESTMENTS XVIII, L.P.
  

By: DST Managers V Limited, its general partner

		
	By:	 	 /s/ Despoina Zinonos

		 	Name: Despoina Zinonos
		 	Title: Director
	
	 Address:
 [***]

	
	DST CO-INVEST-NB INVESTMENT LIMITED
		
	By:	 	 /s/ Despoina Zinonos

		 	Name: Despoina Zinonos
		 	Title: Director
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	DST-NB INVESTMENTS VI LIMITED
		
	By:	 	 /s/ Despoina Zinonos

		 	Name: Despoina Zinonos
		 	Title: Director
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	NIFTY DF INVESTMENTS, LP
		
	By:	 	 /s/ Pat Robertson

		 	Name: Pat Robertson
		 	Title: Authorized Person
	
	 Address:
 [***]

	
	NIFTY FD HOLDINGS, LP
		
	By:	 	 /s/ Pat Robertson

		 	Name: Pat Robertson
		 	Title: Authorized Person
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 TCV NB CO, L.P.
 a Cayman
Islands exempted limited partnership, acting by its general partner
  
 TECHNOLOGY
CROSSOVER MANAGEMENT X, L.P.
 a Cayman Islands exempted limited partnership, acting by its general partner

 
 TECHNOLOGY CROSSOVER MANAGEMENT X, LTD.

a Cayman Islands exempted company

		
	By:	 	 /s/ Frederic D. Fenton

		 	Name: Frederic D. Fenton
		 	Title: Attorney-in-fact
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 TCV X (A) BLOCKER, L.P.

a Cayman Islands exempted limited partnership, acting by its general partner
  

TECHNOLOGY CROSSOVER MANAGEMENT X, L.P.
 a Cayman Islands
exempted limited partnership, acting by its general partner
  
 TECHNOLOGY CROSSOVER
MANAGEMENT X, LTD.
 a Cayman Islands exempted company

		
	By:	 	 /s/ Frederic D. Fenton

		 	Name: Frederic D. Fenton
		 	Title: Attorney-in-Fact
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 TCV X (B), L.P.
 a Cayman
Islands exempted limited partnership, acting by its general partner
  
 TECHNOLOGY
CROSSOVER MANAGEMENT X, L.P.
 a Cayman Islands exempted limited partnership, acting by its general partner

 
 TECHNOLOGY CROSSOVER MANAGEMENT X, LTD.

a Cayman Islands exempted company

		
	By:	 	 /s/ Frederic D. Fenton

		 	Name: Frederic D. Fenton
		 	Title: Attorney-in-fact
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 TCV X MEMBER FUND, L.P.
 a
Cayman Islands exempted limited partnership, acting by its general partner
  

TECHNOLOGY CROSSOVER MANAGEMENT X, LTD.
 a Cayman Islands
exempted company

		
	By:	 	 /s/ Frederic D. Fenton

		 	Name: Frederic D. Fenton
		 	Title: Attorney-in-fact
	
	 Address:
 [***]

	
	 TCV X, L.P.
 a Cayman Islands
exempted limited partnership, acting by its general partner
  
 Technology Crossover
Management X, L.P.
 a Cayman Islands exempted limited partnership, acting by its general partner

 
 Technology Crossover Management X, Ltd.

a Cayman Islands exempted company

		
	By:	 	 /s/ Frederic D. Fenton

		 	Name: Frederic D. Fenton
		 	Title: Attorney-in-fact
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 TIGER GLOBAL PRIVATE INVESTMENT PARTNERS IX, LP.

 
 By: Tiger Global PIP Performance IX, LP., its general partner

 
 By: Tiger Global PIP Management IX, Ltd., its general partner

		
	By:	 	 /s/ Steven D. Boyd

		 	Name: Steven D. Boyd
		 	Title: General Counsel
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 FF BRAZIL, LLC

		
	 By:
	 	 /s/ Scott Nolan

		 	 Name: Scott Nolan

		 	 Title: Partner

	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	COLUMBIA INSURANCE COMPANY
		
	By:	 	 /s/ Todd Combs

		 	Name: Todd Combs
		 	Title: Investment Officer
	
	 Address:
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	RIBBIT CAPITAL VI, L.P.,
	for itself and as nominee for
	
	Ribbit Founder Fund VI, L.P.
	
	By: Ribbit Capital GP VI, L.P.,
	its general partner
	
	By: Ribbit Capital GP VI, Ltd.,
	its general partner
		
	By:	 	 /s/ Cynthia McAdam

	Name: Cynthia McAdam
	Title: Attorney-in-Fact
	
	RIBBIT CAPITAL III, L.P.,
	for itself and as nominee
	
	By: Ribbit Capital GP III, L.P.,
	its general partner
	
	By: Ribbit Capital GP III, Ltd.,
	its general partner
		
	By:	 	 /s/ Cynthia McAdam

	Name: Cynthia McAdam
	Title: Attorney-in-Fact

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	BULLFROG CAPITAL, L.P.,
	for itself and as nominee for
	
	Bullfrog Founder Fund, L.P.
	
	By: Bullfrog Capital GP, L.P.,
	its general partner
	
	By: Bullfrog Capital GP, Ltd.,
	its general partner
		
	By:	 	 /s/ Cynthia McAdam

	Name: Cynthia McAdam
	Title: Attorney-in-Fact

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	 Redpoint Omega II, L.P.,

by its General Partner

	
	Redpoint Omega II, LLC
		
	By:	 	 /s/ Elliot Geidt

	Name:	 	Elliot Geidt
	Title:	 	Manager
	
	 Redpoint Omega Associates II, LLC,

as nominee

		
	By:	 	 /s/ Elliot Geidt

	Name:	 	Elliot Geidt
	Title:	 	Manager

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	CHJZ INVESTMENTS LTD.
		
	By:	 	 /s/ Cristina Helena Zingaretti Junqueira

		 	Name: Cristina Helena Zingaretti Junqueira
		 	Title:   Director

  

	
	CRISTINA HELENA ZINGARETTI JUNQUEIRA
	
	 /s/ Cristina Helena Zingaretti Junqueira

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	SILVER ALTERNATIVE HOLDING LIMITED
		
	By:	 	 /s/ Li Zhao Hui

		 	Name: Li Zhao Hui
		 	Title:  Authorized Representative
	
	 Address:
 [***]

 
 with a copy to:

 
 [***]

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement on the date first written above. 
  

			
	TENCENT CLOUD EUROPE B.V.
		
	By:	 	 /s/ Constant Pieter van der Merwe

		 	Name: Constant Pieter van der Merwe
		 	Title:   Authorized Signatory
	
	 Address:
 [***]

 
 with a copy to:

 
 [***]

  

  

[SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

 SCHEDULE A 
  

			
	 Holder
	  	 Address

	31416 S.A.S.	  	[***]
	Absoluto Partners VC Master Fund, LLC	  	[***]
	Adam Edward Wible	  	[***]
	Adonay de Nuccio	  	[***]
	AEZ Hub Ltd.	  	[***]
	AI Palau LLC	  	[***]
	 AIM Investment Fund (Invesco Investment Funds) on behalf of its series portfolio Invesco
Developing Markets Fund
	  	[***]
	Alejandro Moreno Mejía	  	[***]
	Alexandre Baldasseirine Neto	  	[***]
	Alexandre Floriano Rodrigues da Silva	  	[***]
	Alyson Richards Ahearn	  	[***]
	American Funds Insurance Series – New World Fund	  	[***]
	Amit Kumar Singh	  	[***]
	Anantya Capital, LLC	  	[***]
	Anderson Luis Paiva Pinto	  	[***]
	Andre Midea Jasiskis	  	[***]
	Andre Victor Vicentini De Oliveira	  	[***]
	Andrew Joseph Michalik	  	[***]
	Arthur Ferreira Valadao	  	[***]
	Augusto Mazzoni Pierzynski	  	[***]
	Aurora Investment Pte. Ltd.	  	[***]
	Baco II Ltd.	  	[***]
	 Banco Regional, S.A. Institución de Banca Múltiple, Banregio Grupo Financiero as
Trustee of Trust Number 851-01378
	  	[***]
	Base Select I, LLC	  	[***]
	Base10 Partners Management, LLC	  	[***]
	Benjamin Jason Silver	  	[***]
	Bicalho Holding B.V.	  	[***]
	Bizcayne Investments LP	  	[***]
	BRK CAPITAL, LLC	  	[***]
	 Bullfrog Capital, L.P., for itself and as nominee for Bullfrog Founder Fund, L.P.
	  	[***]
	Camila Passos de Felippo	  	[***]
	Camille Rebecca Jacobs Ramos	  	[***]
	Capital Group New Economy Trust (US)	  	[***]
	Carlos Eduardo Martins Relvas	  	[***]

  
 A-1 

			
	 Holder
	  	 Address

	Carolina Yumi Taguchi de Carvalho	  	[***]
	CHJZ Investments Ltd.	  	[***]
	Claremount V Associates, L.P.	  	[***]
	Claynon Augusto Ellert de Souza	  	[***]
	Columbia Insurance Company	  	[***]
	Constance Alicia Pfeiffer	  	[***]
	CP Irrevocable GSTESLAT 2020 Trust	  	[***]
	CPP Investment Board PMI-2 Inc.	  	[***]
	Cristina Helena Zingaretti Junqueira	  	[***]
	Daniel Allen Wible	  	[***]
	Daniela Sorroche Belisario Da Silva	  	[***]
	Developing Markets Fund	  	[***]
	Disfrutar Investments Corp.	  	[***]
	Douglas Arruda Silva	  	[***]
	 Douglas R. Scherrer, Trustee of the Douglas R. Scherrer Revocable 2019 Trust, and any amendments
thereto
	  	[***]
	DST Co-Invest-NB Investments Limited	  	[***]
	DST Investments XVIII, L.P.	  	[***]
	DST-NB Investments Limited	  	[***]
	DST-NB Investments VI Limited	  	[***]
	Eduardo Cherem Cardoso	  	[***]
	Eduardo Pires Baczynski	  	[***]
	Emilio Andres Gonzalez Marcos	  	[***]
	Eric Falchi Bedin	  	[***]
	Eric Scaramozzino	  	[***]
	Eric Torti	  	[***]
	Evan Feinberg	  	[***]
	Fabio Modolo Siqueira	  	[***]
	Feju Investments Ltd.	  	[***]
	Felipe Beline Baravieira	  	[***]
	Felipe Da Costa Hummel	  	[***]
	Fernando Carvalho Botelho de Miranda	  	[***]
	Fernando De Barros Czapski	  	[***]
	FF Brazil, LLC	  	[***]
	Finance 1805, SA	  	[***]
	FRJP Ltd.	  	[***]
	Gabrielle Moura Silva	  	[***]
	Gamvest Pte Ltd.	  	[***]
	Gavin Bell	  	[***]
	Glassbridge Inc.	  	[***]
	Gondwana Capital Inc.	  	[***]
	Greentrail Private Opportunities I LLC	  	[***]
	Guilherme Alfredo Neumann	  	[***]

  
 A-2 

			
	 Holder
	  	 Address

	Guilherme Eduardo Seabra Freitas	  	[***]
	Gustavo Barrancos Hermogenes	  	[***]
	Gustavo Franco	  	[***]
	Harvest Alta NB, LP	  	[***]
	Harvest Growth Capital III LLC	  	[***]
	Helematt Ltd.	  	[***]
	Helio Lascala Martins Padrao	  	[***]
	Hendrik Jacob Van Veen	  	[***]
	Hirji-Wigglesworth Partners, LP	  	[***]
	Howard University	  	[***]
	Igor da Silva Borges	  	[***]
	Invesco Emerging Markets Equity Fund, LP	  	[***]
	Invesco Emerging Markets Equity Trust	  	[***]
	Isabella Osorno	  	[***]
	Ivan Antonio Pisani	  	[***]
	Ivando Junqueira Junior	  	[***]
	Jaguar Ventures II, LP	  	[***]
	Jariwala Living Trust	  	[***]
	Joao Paulo Aguilera Borges	  	[***]
	João Paulo Lemes da Costa	  	[***]
	Jose Filipe Sabella Barciella	  	[***]
	José Mendes de Farias	  	[***]
	Juan Carlos Guillermety	  	[***]
	Juan Osorno	  	[***]
	Juliana de Barros Ferreira	  	[***]
	Kaszek Ventures Opportunity I, L.P.	  	[***]
	Kevin William Bird	  	[***]
	Kisangani Limited	  	[***]
	Konrad Georg Ethienne Scorciapino	  	[***]
	KV EOS Holdings, LLC	  	[***]
	KV Nub, LLC	  	[***]
	Lilian Yassue Kazama	  	[***]
	Lily Cormorant, LLC	  	[***]
	Lisbontown Ltd.	  	[***]
	Lish Lee Jung	  	[***]
	Logan Noah Kroloff	  	[***]
	Lucas Consolini Limao	  	[***]
	Lucas Eduardo da Silva Rodrigues	  	[***]
	Lucas Hervelha Gerassi Bauermann Estevam	  	[***]
	Lucas Neumann De Antonio	  	[***]
	Luis Alberto Moreno Mejía	  	[***]
	Luis Felipe de Felippo Teixeira	  	[***]

  
 A-3 

			
	 Holder
	  	 Address

	Magic Stone Special Opportunity Fund II L.P.	  	[***]
	Manoj Pinnamaneni	  	[***]
	Marcela Velez Osorno	  	[***]
	Marcos Celso Ramos Simões	  	[***]
	Marcos de Moraes Leme Jarne	  	[***]
	Maria del Mar Velez Osorno	  	[***]
	Maria Victoria Osorno	  	[***]
	Marisa Ferreira Mogadouro	  	[***]
	Mauro Velez Gonzalez	  	[***]
	MP Irrevocable GSTESLAT 2019 Trust	  	[***]
	Murilo Moreira Santos	  	[***]
	Napoleon Ta	  	[***]
	Neil Pai	  	[***]
	 Neil Ruthven and Julia Ruthven, Trustees of the Ruthven Family Trust, Dated October 1,
2012
	  	[***]
	The New Economy Fund	  	[***]
	New World Fund, Inc.	  	[***]
	Nifty DF Investments, LP	  	[***]
	Nifty FD Holdings, LP	  	[***]
	Oliver Jung	  	[***]
	Olook Ventures Ltd.	  	[***]
	Ono Ltd.	  	[***]
	Oscar Rodriguez Herrero	  	[***]
	Patrick Barth	  	[***]
	Pedro Felipe Reyes Vásquez	  	[***]
	Pedro Henrique Santana Mariano	  	[***]
	Pedro Kvitko Axelrud	  	[***]
	Pedro Milanez Siciliano	  	[***]
	Pera Manca Tinto Ltd.	  	[***]
	PIC ME LTD	  	[***]
	Phillip Lopes Mates	  	[***]
	Post House Capital LLC	  	[***]
	Purpleheart Ltd.	  	[***]
	QED Fund III, LP	  	[***]
	QED LatAm Fund LP	  	[***]
	Raghav Aggarwal	  	[***]
	Ramon Martinez Ribeiro Neto	  	[***]
	RED NOVEMBER PAL TECH SCS	  	[***]
	Redpoint Omega Associates II, LLC	  	[***]
	Redpoint Omega II, L.P.	  	[***]
	Renato Campanholo	  	[***]
	Ribbit Capital III, L.P.	  	[***]

  
 A-4 

			
	 Holder
	  	 Address

	Ribbit Capital VI, L.P.	  	[***]
	Rodrigo Perez Taboada	  	[***]
	Roger W. Sant Revocable Living Trust	  	[***]
	Rogério Marcos Martins de Oliveira	  	[***]
	Rua California Ltd.	  	[***]
	Sands Capital Global Innovation Fund II, LLC	  	[***]
	Sands Point Consulting, LLC	  	[***]
	SC USG VI DE INVESTMENTS, L.L.C.	  	[***]
	SC USV XIV DE INVESTMENTS, L.L.C.	  	[***]
	SCB Ltd.	  	[***]
	SCGE Fund, L.P.	  	[***]
	Scott Nolan	  	[***]
	Sequoia Grove II, LLC	  	[***]
	Serendipe Investments Ltd.	  	[***]
	Silver Alternative Holding Limited	  	[***]
	Simone de Fátima Soares de Lima	  	[***]
	Stelutis Alpinis 11 Ltd.	  	[***]
	Sunley House Capital Master Limited Partnership	  	[***]
	TCCS I, LP	  	[***]
	TCDS I, LP	  	[***]
	TCLS I, LP	  	[***]
	TCV NB Co, L.P.	  	[***]
	TCV X (A) Blocker, L.P.	  	[***]
	TCV X (B), L.P.	  	[***]
	TCV X Member Fund, L.P.	  	[***]
	TCV X, L.P.	  	[***]
	Tencent Cloud Europe B.V.	  	[***]
	Thais Starling De Padua Lamy De Miranda	  	[***]
	Thierry Hajatiana Louis Silbermann	  	[***]
	Thrive Capital Partners V, L.P.	  	[***]
	TIGA (Brazil) I, LP	  	[***]
	TIGA (Brazil) III, LP	  	[***]
	Tiger Global Private Investment Partners IX, L.P.	  	[***]
	Timugi Capital Ltd.	  	[***]
	Tyler Brannen Richie	  	[***]
	Utmost PanEurope dac	  	[***]
	Verde Directive Fund Ltd.	  	[***]
	Vinicius Pirani de Oliveira	  	[***]
	Whale Rock Flagship (AI) Fund LP	  	[***]
	Whale Rock Flagship Master Fund, LP	  	[***]
	Whale Rock Long Opportunities Master Fund, LP	  	[***]
	Wolf River 21, LLC	  	[***]

  
 A-5EX-4.3

 SHAREHOLDER’S AGREEMENT 

This SHAREHOLDER’S AGREEMENT (as the same may be amended from time to time in accordance with its terms, the
“Agreement”) is entered into as of November 29, 2021, by and between Nu Holdings Ltd., an exempted company formed under the laws of the Cayman Islands (the “Company”), and the Shareholder (as defined below). 

W I T N E S S E T H: 

WHEREAS, the Company is currently contemplating an underwritten initial public offering (the “IPO”) of shares of its
Class A Ordinary Shares; and 
 WHEREAS, in connection with, and effective upon, the completion of the IPO (such date of completion,
the “IPO Date”), the Company and the Shareholder wish to set forth certain understandings between such parties, including with respect to certain governance matters. 

NOW, THEREFORE, in consideration of the covenants and agreements contained herein, the parties hereto agree as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. (a) As used in this Agreement, the following terms have the following meanings: 

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, such Person, and (i) in the case of a natural person, shall include, without limitation, such person’s spouse, domestic partner, parents, step-parents, children,
step-children, grandchildren, siblings, nieces, nephews, mother-in-law and father-in-law
and brothers- and sisters-in-law and sons-in-law and daughters-in-law, whether by blood, marriage or adoption or anyone residing in such person’s home, a trust for the benefit of any of the foregoing, or a company, partnership or entity wholly or jointly
owned by any of the foregoing, and (ii) in the case of an entity, shall include a partnership, corporation or any natural person or entity which, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under
common control with, such entity. For the purpose of this definition, the term “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common
control with”), as used with respect to any Person, means the ownership, directly or indirectly, of securities possessing more than fifty per cent (50%) of the voting power of the corporation, partnership or other entity (other than, in the
case of a corporation, shares having such power only by reason of the happening of a contingency), or having the power to control the management or elect a majority of members to the board of directors or equivalent decision-making body of such
corporation, partnership or other entity. 
 “Articles of Association” means the Amended and Restated Memorandum and
Articles of Association of the Company, as the same may be amended from time to time. 

 “Board” means the board of directors of the Company. 

“Business Combination” means a statutory amalgamation, merger, consolidation, arrangement or other reorganization involving
the Company requiring the approval of the members of one or more of the participating companies as well as a short-form merger or consolidation that does not require a resolution of members. 

“Business Day” means any day on which banks are not required or authorized by law to close in the City of New York, New York,
USA or in São Paulo, State of São Paulo, Brazil. 
 “Change of Control” means (i) the merger or
consolidation of the Company or any of its subsidiaries with or into another Person (other than the Company or any of its wholly owned subsidiaries) or the merger of another Person (other than the Company or any of its wholly owned subsidiaries)
with or into the Company or any of its subsidiaries, (ii) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any Person other than a wholly owned subsidiary of the Company or (iii) any “person” or “group” (as such terms are used
for purposes of Section 13(d) of the Exchange Act) is or becomes the a beneficial owner, directly or indirectly, of more than 50% of the Total Voting Power or acquires the power to direct or cause the direction of the management and policies of
the Company, whether through the ownership of voting securities, by contract or otherwise. 
 “Class A
Ordinary Shares” means the class A ordinary shares of a nominal or par value of US$0.000006666666667 each in the capital of the Company having the rights provided for in the Articles of Association. 

“Class B Ordinary Shares” means the class B ordinary shares of a nominal or par value of
US$0.000006666666667 each in the capital of the Company having the rights provided for in the Articles of Association. 
 “Company
Securities” means (i) the Ordinary Shares and (ii) securities that entitle the holder to vote in the election of directors to the Board that are convertible into or exchangeable for Ordinary Shares. 

“Exchange” means the New York Stock Exchange, the B3 and any other stock exchange or interdealer quotation system listed in
Schedule 4 of The Companies Act (Revised) on which shares in the capital of the Company are listed or quoted. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 “Independent Director” means an “independent
director” as such term is used in the listing requirements of the Exchange. 

  
 2 

 “Necessary Action” means, with respect to a specified result, all actions
(to the extent such actions are permitted by law and by the Articles of Association) necessary to cause such result, including (i) in the case of the Shareholder, voting or providing a written consent or proxy with respect to the Company
Securities, (ii) in the case of the Company, calling a general meeting for the purpose of causing the passing of shareholders’ resolutions, including to make amendments to the Articles of Association, (iii) executing agreements and
instruments, and (iv) making, or causing to be made, with governmental, administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such result. For the avoidance of doubt, the Company
shall not be required to take any Necessary Action that is contrary to or conflicting with the Articles of Association or applicable law. 

“Ordinary Shares” means collectively, the Class A Ordinary Shares and the Class B Ordinary Shares (provided
that in no circumstance shall such shares be counted twice). 
 “Person” means any individual, corporation, general or
limited partnership, limited liability company, joint stock company, joint venture, estate, trust, association, organization or any other entity or governmental entity. 

“Permitted Assigns” means a transferee of Shares by the Shareholder who is (i) an Affiliate of the Shareholder,
(ii) a trustee of a trust established for the benefit of the Shareholder or an Affiliate of the Shareholder, (iii) an organization that is exempt from taxation under Section 501(3)(c) of the United States Internal Revenue Code of
1986, as amended (or any successor thereto), or to an organization that is exempt from taxation in Brazil under Sections 184, 377 or 378 of the 2018 Internal Tax Regulations, as amended (or any successor thereto), and that is controlled, directly or
indirectly through one or more intermediaries, by the Shareholder, or (iv) a partnership, corporation or other entity owned or controlled by the Shareholder or an Affiliate of the Shareholders, in each case that agrees in writing to become
party to, and be bound to the same extent as its transferor by the terms of, this Agreement, in the form of Exhibit A hereto; provided, that upon such transfer, such Permitted Assign shall be deemed to be a “Shareholder” hereto for all
purposes herein. 
 “Shares” means the Ordinary Shares in issue. 

“Shareholder” means, collectively, David Vélez Osorno, Rua California Ltd. (as long as it remains a vehicle controlled
by David Vélez Osorno) and any Person (other than the Company) affiliated with David Vélez Osorno and/or any of his Permitted Assigns who shall then be a party to or bound by this Agreement, so long as such Person shall
“beneficially own” (as such term is defined in Rule 13d-3 of the Exchange Act) any Company Securities. 

A company is a “Subsidiary” of another company if that other company: (i) holds a majority of the voting rights in it;
(ii) is a member of it and has the right to appoint or remove a majority of its board of directors; or (iii) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it; or if it
is a subsidiary of a company which is itself a subsidiary of that other company. For the purpose of this definition the expression “company” includes any body corporate established in or outside of the British Overseas Territory of the
Cayman Islands. 

  
 3 

 “Total Voting Power” means the aggregate voting power of all issued Shares
having the right to receive notice of, attend, speak and vote at general meetings of the Company, voting together as a single class. 
 (b)
Each of the following terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	Section
	 Cause
	  	2.02
	 Classifying Date
	  	2.01(c)
	 Class I Directors
	  	2.01(c)
	 Class II Directors
	  	2.01(c)
	 Class III Directors
	  	2.01(c)
	 Company
	  	Preamble
	 Confidential Information
	  	3.02(b)
	 Convertible Securities
	  	2.05(d)
	 Directed Opportunity
	  	3.04
	 Representatives
	  	3.02(b)
	 Shareholder Directors
	  	2.01(b)
	 Specified Party
	  	3.04

 Section 1.02. Other Definitional and Interpretative Provisions. The words “hereof”,
“herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections, Exhibits and Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified. All Exhibits
and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit or Schedule, but not otherwise defined therein, shall have the
meaning as defined in this Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Words importing the masculine gender only shall include the feminine gender. The word “or”
is not exclusive. The word “may” shall be construed as permissive and the word “shall” shall be construed as imperative. Whenever the words “include”, “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to
printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with
the terms hereof and thereof. References to any law include all rules and regulations promulgated thereunder. References to any Person include the successors and permitted assigns of that Person. References from or through any date mean, unless
otherwise specified, from and including or through and including, respectively. 

  
 4 

 ARTICLE 2 

CORPORATE GOVERNANCE 

Section 2.01. Composition of the Board. (a) The members of the Board shall be nominated and elected in accordance with the
Articles of Association and the provisions of this Agreement. As of the IPO Date, the Board shall be composed of nine directors. 
 (b) From
and after the date hereof, the Shareholder shall have the right, but not the obligation, to nominate a number of designees to the Board (the “Shareholder Directors”) equal to: 

(i) up to five Shareholder Directors (or if the size of the Board is increased, a majority (i.e., more than 50%) of the total
number of directors, rounded upward to the nearest whole number), so long as the Shareholder and its Affiliates continue to beneficially own at least 40% of the Total Voting Power, 

(ii) up to three Shareholder Directors (or if the size of the Board is increased,
one-third of the total number of Directors, rounded upward to the nearest whole number), so long as the Shareholder and its Affiliates continue to beneficially own at least 25% of the Total Voting Power, and

 (iii) up to one Shareholder Director (or if the size of the Board is increased, 10% of the total number of directors,
rounded upward to the nearest whole number), so long as the Shareholder and its Affiliates continue to beneficially own at least 5% of the Total Voting Power. 

In the event that the Shareholder has nominated less than the total number of Shareholder Directors the Shareholder is entitled to nominate pursuant to this
Section 2.01(b), the Shareholder shall have the right, at any time, to nominate such additional Shareholder Directors to which it is entitled, in which case the Shareholder and the Company shall take, or cause to be taken, all Necessary Action
to appoint such additional Shareholder Directors nominated by the Shareholder to the Board. 
 (c) In accordance with the Articles of
Association, from and after the date on which the Shareholder (together with its Affiliates) no longer beneficially owns more than 50% of the Total Voting Power (the “Classifying Date”), the directors shall be divided into three
classes designated Class I, Class II and Class III. Each class of Directors shall consist, as nearly as possible, of one third of the total number of directors constituting the entire Board. The Board shall assign members of
the Board in office at the Classifying Date to such classes. Each director shall serve for a term ending on the date of the third annual general meeting of shareholders next following the annual general meeting of shareholders at which such
director was elected, provided that directors initially designated as Class I Directors (“Class I Directors”) shall serve for a term ending on the date of the first annual general meeting of
shareholders following the Classifying Date, directors initially designated as Class II Directors (“Class II Directors”) shall serve for a term ending on the second annual general meeting of shareholders
following the Classifying Date, and directors initially designated as Class III Directors (“Class III Directors”) shall serve for a term ending on the date of the third annual general meeting of shareholders
following the Classifying Date. The Company shall ensure that the Shareholder Directors shall be allocated to the longest duration classes, unless otherwise directed by the Shareholder. 

  
 5 

 (d) The Company agrees, to the fullest extent permitted by applicable law (including with
respect to any applicable fiduciary duties under the Companies Act (as revised)), to take all Necessary Action to effectuate the above by: (A) including the persons designated pursuant to this Section 2.01 in the slate of nominees
recommended by the Board for election at any meeting of shareholders called for the purpose of electing directors, (B) nominating and recommending each such individual to be elected as a director as provided herein, (C) soliciting proxies
or consents in favor thereof, and (D) without limiting the foregoing, otherwise using its reasonable best efforts to cause such nominees to be elected to the Board, including providing at least as high a level of support for the election of
such nominees as it provides to any other individual standing for election as a director.
 (e) At any time when the number of Directors that
the Shareholder is entitled to nominate pursuant to this Section 2.01 is less than the number of Shareholder Directors on the Board, the Shareholder shall cause the required number of Shareholder Directors to resign from the Board or not stand
for reelection on or prior to the Company’s next general meeting of shareholders at which directors of the Company are to be elected, and any vacancies resulting from such resignation shall be filled by the Board in accordance with the Articles
of Association, the rules of the U.S. Securities Exchange Commission (the “SEC”) and the rules of the Exchange then in effect. 

(f) For the avoidance of doubt, the rights granted to the Shareholder to designate members of the Board are additive to, and not intended to
limit in any way, the rights that the Shareholder or any of its Affiliates may have to nominate, elect or remove directors under the Articles of Association or Cayman Islands law. 

Section 2.02. Removal. So long as the Shareholder is entitled to designate one or more nominees pursuant to Section 2.01, the
Shareholder shall have the right to remove any such director (with or without Cause (as such term is defined in the Articles of Association)), from time to time and at any time, from the Board, exercisable upon written notice to the Company. 

Section 2.03. Vacancies. In the event that a vacancy is created on the Board at any time by the death, disability, resignation or
removal (whether by the Shareholder or otherwise in accordance with the Articles of Association, as may be amended or restated from time to time) of a Shareholder Director, the Shareholder shall be entitled to designate an individual to fill the
vacancy so long as the total number of persons that will serve on the Board as designees of the Shareholder immediately following the filling of such vacancy will not exceed the total number of persons the Shareholder is entitled to designate
pursuant to Section 2.01 on the date of such replacement designation. The Company and the Shareholder shall take all Necessary Action to cause such replacement designee to become a member of the Board. Subject to the provisions of this
Agreement, the Board may nominate additional Directors to the Board, or fill any vacancy on the Board, pursuant to the terms of the Articles of Association. 

  
 6 

 Section 2.04. Board Committees. As of the IPO Date, the Board has designated
each of the following committees: an Audit and Risk Committee, a Leadership Development, Diversity and Compensation Committee and a Stakeholders Committee. For so long as the Shareholder has the right to designate at least one
(1) Shareholder Director pursuant to Section 2.01, the Shareholder shall have the right, but not the obligation, to designate its pro rata share of the total number of members of each committee of the Board that is equal to the proportion
that the number of Shareholder Directors bears to the total number of directors of the Company and the Board shall take Necessary Action to appoint such designee(s) to such committee; provided that the right of any Shareholder Director to
serve on a committee shall be subject to applicable law and the Company’s obligation to comply with any applicable requirements of the Exchange. 

Section 2.05. Actions Requiring Consent. For so long as the Shareholder and its Affiliates’ continue to beneficially own at
least 10% of the Total Voting Power, the Company shall not take any affirmative action, or permit its Subsidiaries to take any action (including any action by the Board or any committee thereof), with respect to any of the following matters without
the prior written approval of the Shareholder: 
 (a) entering into any transaction or series of transactions that would result in a Change
of Control; 
 (b) any merger, consolidation, reorganization (including conversion) or any other Business Combination involving the Company
or any of its subsidiaries; 
 (c) any liquidation, dissolution, receivership, commencement of bankruptcy, insolvency or similar proceedings
with respect to the Company or any of its Subsidiaries; 
 (d) authorizing or issuing any Shares or any security or obligation that, by its
terms, directly or indirectly, is convertible into or exchangeable or exercisable for Shares (collectively, “Convertible Securities”) and any option, warrant or other right to subscribe for, purchase or acquire Convertible
Securities, other than (i) pursuant to any share plan, employee share purchase plan or equity incentive plan approved by the Board, (ii) in connection with the acquisition by the Company or any of its Subsidiaries of the securities,
business, technology, property or other assets of another Person or pursuant to an employee benefit plan assumed by the Company or any of its Subsidiaries in connection with such acquisition, or the Company’s joint ventures, equipment leasing
arrangements, debt financings or other strategic transactions; provided that the aggregate number of Shares (or Shares underlying Convertible Securities) issued or issuable over any 12-month period under this
clause (ii) shall not exceed 10% of the total number of Shares in issue on the first day of such 12-month period, (iii) in connection with the exchange or conversion of Class B Ordinary Shares
into Class A Ordinary Shares, as contemplated by the Articles of Association or (iv) in compliance with the Articles of Association; 

(e) the acquisition, sale, conveyance, transfer or other disposition of any asset or business of the Company or any of its Subsidiaries, in one
transaction or a series of related transactions, the aggregate consideration or fair value of which is greater than or equal to 20% of the Company’s net equity value on the date of such transaction, as determined by the Board in good faith;

  
 7 

 (f) redeeming, repurchasing or otherwise acquiring any Shares or Convertible Securities of
the Company (or any equivalent securities of its Subsidiaries), other than redemptions, repurchases or acquisitions of from employees, officers, directors, consultants or other Persons performing services for the Company or any of its Subsidiaries
(or in connection with the cessation of such services) pursuant to agreements under which the Company or any of its Subsidiaries has the option to repurchase such Shares or Convertible Securities (or equivalents thereof) upon the occurrence of
certain events, such as the termination of employment or service; 
 (g) paying or declaring any dividend or distribution on any Shares of
the Company (or any equivalent securities or any of its Subsidiaries) except to the extent such payments are to the Company or one of its directly or indirectly wholly owned Subsidiaries; 

(h) incurring, creating or assuming any indebtedness of the Company or any of its Subsidiaries in an amount greater than or equal to the
Company’s net equity value in the aggregate on a consolidated basis; 
 (i) any material change in the strategic direction or scope of
the Company’s business, as determined by the Board in good faith; 
 (j) any transaction or agreement (other than relating to the
issuance or sale of Shares or Convertible Securities) between the Company and/or any of its Subsidiaries, on the one hand, and any officer, director or Affiliate of the Company, on the other (excluding, in all cases, of the Shareholder); 

(k) any determination or approval of the annual compensation of an officer and/or director of the Company (excluding, in all cases, of the
Shareholder); or 
 (l) the adoption of a shareholders’ rights plan. 

ARTICLE 3 
 CERTAIN
COVENANTS AND AGREEMENTS 
 Section 3.01. Access; Information; Consultation.
For so long as the Shareholder and its Affiliates continue to beneficially own at least 5% of the Total Voting Power: 
 (a) the Company
shall, and shall cause its Subsidiaries to, (i) permit the Shareholder and its designated representatives, at reasonable times and upon reasonable prior notice to the Company, to review the books and records of the Company or any of such
Subsidiaries and to discuss and provide advice and direction concerning the affairs, finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary, and (ii) furnish the Shareholder
with such available financial and operating data and other information with respect to the business and properties of the Company and its Subsidiaries as the Shareholder may reasonably request in the format and within such time periods as the
Shareholder shall request. 

  
 8 

 
The Company shall permit the Shareholder and its Representatives (as defined below) to discuss the affairs, finances and accounts of the Company and its Subsidiaries with, and to make proposals
and furnish advice to, the Company’s senior management; provided, however, that in the case of each of clause (i) and (ii), the Company shall not be required to disclose any privileged information of the Company so long as
the Company has used its best efforts to provide such information to the Shareholder without the loss of any such privilege, and notified the Shareholder that such information has not been provided; and 

(b) the Shareholder shall be entitled to routinely consult with and advise the Company’s senior management with respect to the
Company’s and its Subsidiaries’ business and financial matters, including management’s proposed annual operating plans, and, upon request by the Shareholder, members of the Company’s senior management will meet regularly (on a
quarterly basis) during each year with the Shareholder (and/or its Representatives) at mutually agreeable times and locations for such consultation and advice, including to review progress in achieving said plans. The Company agrees to give due
consideration to the advice given and any proposals made by the Shareholder. 
 Section 3.02. Confidentiality. (a) The
Shareholder agrees that Confidential Information furnished and to be furnished to it has been and may in the future be made available in connection with the Shareholder’s investment in the Company. The Shareholder agrees that, in its capacity
as a shareholder of the Company, it shall use, and that it shall cause any Person to whom Confidential Information is disclosed pursuant to clause (i) below to use, the Confidential Information only in connection with its investment in the
Company and not for any other purpose (including to disadvantage competitively the Company or any of its Affiliates). The Shareholder further acknowledges and agrees that it shall not disclose any Confidential Information to any Person, except that
Confidential Information may be disclosed: 
 (i) to the Shareholder’s Representatives in the normal course of the
performance of their duties or to any financial institution providing credit to such Shareholder; 
 (ii) to the extent
required by applicable law, rule or regulation (including complying with any oral or written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process to which the Shareholder is
subject; provided that the Shareholder agrees to give the Company prompt notice of such request(s), to the extent practicable, so that the Company may seek an appropriate protective order or similar relief (and the Shareholder shall cooperate
with such efforts by the Company, and shall in any event make only the minimum disclosure required by such law, rule or regulation)); 

(iii) to any regulatory authority to which the Shareholder or any of its Affiliates is subject; provided that such
authority is advised of the confidential nature of such information; or 
 (iv) if the prior written consent of the Board
shall have been obtained. 

  
 9 

 Nothing contained herein shall prevent the use (subject, to the extent possible, to a protective order) of
Confidential Information in connection with the assertion or defense of any claim by or against the Company or the Shareholder. 
 (b)
“Confidential Information” means any information concerning the Company or any Persons that are or become its Subsidiaries or the financial condition, business, operations or prospects of the Company or any such Persons in the
possession of or furnished to the Shareholder (including by virtue of its present or former right to designate a director of the Company); provided that the term “Confidential Information” does not include information that
(i) becomes known to the public through no fault of the Shareholder or its directors, officers, employees, stockholders, members, partners, agents, counsel, investment advisers or other representatives (all such persons being collectively
referred to as “Representatives”); (ii) was available or becomes available to the Shareholder before, on or after the date hereof, without restriction, from a source other than the Company, which source is (at the time of receipt of
the relevant information) not, to the best of the Shareholder’s knowledge, bound by a confidentiality agreement with (or other confidentiality obligation to) the Company or another Person; or (iii) is independently developed by the
Shareholder without violating any confidentiality agreement with or other obligation of secrecy to the Company, and without reference to or use of any Confidential Information. 

Section 3.03. Conflicting Agreements. Each of the Company and the Shareholder represents and agrees that it shall not grant any
proxy or enter into or agree to be bound by any voting trust or agreement with respect to the Company Securities, or enter into any agreement or arrangement of any kind with any Person with respect to any Company Securities, in each case that is
inconsistent with the provisions of this Agreement. Each of the Company and the Shareholder agree that nothing hereunder shall require the Company to take any action that would breach the Articles of Association or applicable law and, to the extent
of any inconsistency between this Agreement and the Articles of Association, the terms of the Articles of Association shall prevail. 

Section 3.04. Corporate Opportunities. To the fullest extent permitted by applicable law, the Company, on behalf of itself and its
Subsidiaries, waives and renounces any right, interest or expectancy of the Company and/or its Subsidiaries in, or in being offered an opportunity to participate in, business opportunities that are from time to time presented to or business
opportunities of which the Shareholder or any of its officers, directors, agents, shareholders, members, partners, Affiliates and Subsidiaries (other than the Company and its Subsidiaries) (each, a “Specified Party”) gain knowledge,
even if the opportunity is competitive with the business of the Company or its Subsidiaries or one that the Company or its Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to
do so and each such Specified Party shall have no duty (statutory, fiduciary, contractual or otherwise) to communicate or offer such business opportunity to the Company and, to the fullest extent permitted by applicable law, shall not be liable to
the Company or any of its Subsidiaries for breach of any statutory, fiduciary, contractual or other duty, as a director or otherwise, by reason of the fact that such Specified Party pursues or acquires such business opportunity, directs such
business opportunity to another person or fails to present or communicate such business opportunity, or information regarding such business opportunity, to the Company or its Subsidiaries. Notwithstanding anything in

  
 10 

 
this Section 3.04 to the contrary, a Specified Party who is a director of the Company and who is offered a business opportunity for the Company or its Subsidiaries in his or her capacity
solely as a director of the Company (a “Directed Opportunity”) shall be obligated to communicate such Directed Opportunity to the Company; provided, however, that all of the protections of this Section 3.04 shall
otherwise apply to the Specified Parties with respect to such Directed Opportunity, including the ability of the Specified Parties to pursue or acquire such Directed Opportunity, directly or indirectly, or to direct such Directed Opportunity to
another person. 
 Section 3.05. Stockholder Capacity. Notwithstanding anything to the contrary, nothing in this Agreement shall
limit or restrict any party from discharging any fiduciary duty, if any, and nothing herein shall be interpreted to the contrary. This Agreement shall apply to the Shareholder solely in the Shareholder’s capacity as a holder or beneficial owner
of voting securities of the Company. The Shareholder does not make any agreement or understanding in this Agreement in the Shareholder’s capacity as a director or officer of the Company or any of its Subsidiaries (if the Shareholder holds such
office). 
 ARTICLE 4 

MISCELLANEOUS 

Section 4.01. Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to
the benefit of and be binding upon the parties hereto and their respective heirs, successors, legal representatives and permitted assigns. If the Shareholder ceases to beneficially own any Company Securities, it shall cease to be bound by the terms
hereof (other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.09 and 4.10). 
 (b) Neither the Company nor the Shareholder shall assign or
transfer all or any part of this Agreement without the prior written consent of the other party; provided, however, that the Shareholder shall be entitled to assign, in whole or in part, to any of its Permitted Assigns without such prior written
consent. Any such Permitted Assignee that shall become a party to this Agreement shall (unless already bound hereby) execute and deliver to the Company an agreement to be bound by this Agreement in the form of Exhibit A hereto and shall thenceforth
be deemed a “Shareholder.” 
 (c) If the spouse of the Shareholder is not a party to this Agreement and possesses or obtains an
interest in such Shareholder’s Company Securities, including by reason of the application of the community property laws of any jurisdiction, such Shareholder shall promptly cause such spouse to (i) execute a Joinder Agreement and be bound
by and subject to the terms of this Agreement as Shareholder, and (ii) deliver such Joinder Agreement to the Shareholder and the Company. 

(d) Nothing in this Agreement, expressed or implied, is intended to confer on any Person other than the parties hereto, and their respective
heirs, successors, legal representatives and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

  
 11 

 Section 4.02. Notices. All notices, requests and other communications to any
party shall be in writing and shall be delivered in person, mailed by certified or registered mail, return receipt requested, or sent by facsimile transmission or email transmission so long as receipt of such email is requested and received: 

if to the Company to: 
 Nu
Holdings Ltd. 
 c/o Campbells Corporate Services Limited 

Floor 4, Willow House, Cricket Square, KY1-9010 

Grand Cayman, Cayman Islands 

Attention: Legal Department 

Email: [***] 
 with a copy to
(which copy shall not constitute notice): 
 Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
New York 10017 
 Attention: Byron B. Rooney 

Fax: (212) 701-5658 

Email: byron.rooney@davispolk.com 

if to the Shareholder, to: 
 Rua
California Ltd. 
 c/o Campbells Corporate Services Limited 

Floor 4, Willow House, Cricket Square, KY1-9010 

Grand Cayman, Cayman Islands 

Attention: David Vélez Osorno 

Email: [***] 
 All notices,
requests and other communications (including those sent by electronic mail) shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place
of receipt. Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. Any notice, request or other written communication sent by facsimile
transmission shall be confirmed by certified or registered mail, return receipt requested, posted within one Business Day, or by personal delivery, whether courier or otherwise, made within two Business Days after the date of such facsimile
transmissions. 
 Any Permitted Assignee that becomes a Shareholder shall provide its address, fax number and email address to the Company.

 Section 4.03. Term; Waiver; Amendment. (a) This Agreement shall terminate on the earlier to occur of: (i) such time
as the Shareholder and its Affiliates collectively cease to beneficially own at least 5% of the Total Voting Power; (ii) the Shareholder and its Affiliates collectively cease to beneficially own any Company Securities; and (iii) upon the
delivery of a written notice by the Shareholder to the Company requesting that this Agreement terminate (in each case, other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.09 and 4.10). 

  
 12 

 (b) This Agreement may be amended, waived or otherwise modified only by a written instrument
executed by the parties hereto. In addition, any party may waive any provision of this Agreement with respect to itself by an instrument in writing executed by the party against whom the waiver is to be effective. Except as provided in the preceding
sentences, no action taken pursuant to this Agreement, including any investigation by or on behalf of any party, will be deemed to constitute a waiver by the party taking such action of compliance with any covenants or agreements contained herein.
The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent breach. 

Section 4.04. Fees and Expenses. All costs and expenses incurred in connection with the preparation of this Agreement, or any
amendment or waiver hereof, and the transactions contemplated hereby shall be paid by the party incurring such costs or expenses. 

Section 4.05. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the Cayman
Islands. 
 Section 4.06. Jurisdiction. Each party hereto submits to the non-exclusive
jurisdiction of the Cayman Islands courts for the purpose of any action arising out of or in relation to this Agreement. Each party agrees that, in any such action, it will not contest jurisdiction on the grounds that the Cayman Islands courts are
an inconvenient forum or otherwise. 
 Section 4.07. Specific Enforcement. Each party hereto acknowledges that the remedies at
law of the other parties for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available,
shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 

Section 4.08. Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Counterparts may be delivered via facsimile, electronic mail (including .pdf or any electronic signature complying with the U.S.
federal ESIGN Act of 2000 (e.g., www.docusign.com)) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective as delivery of a manually executed counterpart of
this Agreement. Each party hereto represents that it has undertaken commercially reasonable steps to verify the identity of each individual person executing any such counterparts via electronic signature on behalf of such party and has and will
maintain sufficient records of the same. This Agreement shall become effective immediately prior to the closing of the IPO on the IPO Date; provided, that this Agreement shall be of no force and effect if the IPO has not been consummated
within thirty (30) Business Days from the date of this Agreement. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement or other communication). 

  
 13 

 Section 4.09. Entire Agreement. Together with the Articles of Association, this
Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those
expressly set forth herein and in the Articles of Association. This Agreement, together with the Articles of Association, supersedes all other prior agreements and understandings between the parties with respect to such subject matter. 

Section 4.10. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent
jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in an acceptable manner so that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

[Signature pages follow] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized directors or officers as of the day and year first above written. 
  

					
	THE COMPANY:
	
	NU HOLDINGS LTD.
		
	By:	 	 /s/ Douglas Leone

		 	Name:	 	Douglas Leone
		 	Title:	 	Director
	
	THE SHAREHOLDER:
	
	RUA CALIFORNIA LTD.
		
	By:	 	 /s/ David Vélez Osorno

		 	Name:	 	David Vélez Osorno
		 	Title:	 	Director
	
	DAVID VÊLEZ OSORNO
	
	 /s/ David Vélez Osorno

 [Signature Page to Shareholder’s Agreement] 

 EXHIBIT A 

JOINDER TO SHAREHOLDER’S AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the
“Joining Party”) in accordance with the Shareholder’s Agreement dated as of November 29, 2021 (as amended, amended and restated or otherwise modified from time to time, the “Shareholder’s Agreement”).
Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Shareholder’s Agreement. 
 The
Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed to be a party to the Shareholder’s Agreement as of the date hereof and shall have all of the rights and
obligations of a “Shareholder” thereunder as if it had executed the Shareholder’s Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in
the Shareholder’s Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below.

 Date: ___________ ___, ______ 
  

			
	[NAME OF JOINING PARTY]
		
	By:	 	  

		 	Name:
		 	Title:

 Address for Notices: 
  

			
	Acknowledged by:
	
	NU HOLDINGS LTD.
		
	By:	 	  

		 	Name:
		 	Title:

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