Document:

Exhibit 10.20

 

 

Tristan Lam

July 28, 2017

 

Dear Tristen,

 

Thanks you for contributing to the Bridge Loan to initiate the
Anutra USA OTC public offering beginning shortly. The details of this agreement are as follows:

 

		1.	Bridge Loan – contribution of $10,000. Anutra
USA will repay the bridge loan out of proceeds derived from the public sale of Anutra USA stock. The Bridge Loan repayment will
be the first use of proceeds. Anutra will pay a 10% annualized interest rate on the Bridge loan. Additionally, Anutra will issue
one share of stock per dollar of Bridge Loan contribution, so 10,000 shares will be issued along with the Bridge Loan and interest
repayment.

 

	Kind Regards,	 
	Greg 	 
	 	 
	Gregory Bunn 	 
	Senior Vice President	 

 

 

 

PO Box 3115 / Windermere,
Florida / 34786321.221.0233 PH / 866.546.1789 FAX / customerservice@anutra.comExhibit 10.21

 

BRIDGE LOAN AGREEMENT

 

$5,000.00      Date: July 31, 2017

 

		a.	For value received, the undersigned Anutra USA (the
“Borrower”), at P.O. Box 1817, Windermere, Florida 34786, promises to pay to the order of William R Claypole, 6060 Ellison
Drive Westerville, OH 43082 (or at such other place as the Lender may designate in writing), the sum of $5,000.00 with interest
from the date received, on the unpaid principal at the rate of 10% per annum. In addition to the repayment of principal and interest,
Anutra USA will issue two share of Anutra USA stock for each dollar loaned. Therefore, Anutra USA will issue lender 10,000 shares
of Anutra USA stock.

 

I. TERMS OF REPAYMENT

 

A.
Payments

 

The unpaid principal and accrued interest shall be payable in
full when proceeds are derived from the Anutra USA public offering.

 

B.
Application of Payments

 

All payments on this Note shall be applied
first in payment of accrued interest and any remainder in payment of principal.

 

C.
Acceleration of Debt

 

If any payment obligation under this Note is not paid when due,
the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

 

II.
PREPAYMENT

 

		b.	The Borrower reserves the right to prepay this Note
(in whole or in part) prior to the Due Date with no prepayment penalty. Any such prepayment shall be applied against the installments
of principal due under this note in the inverse order of their maturity and shall be accompanied by payment of accrued interest
on the amount prepaid to the date of prepayment.

 

III. COLLECTION COSTS

 

If any payment obligation under this Note is not paid when due,
the Borrower promises to pay all costs of collection, including reasonable attorney fees, whether or not a lawsuit is commenced
as part of the collection process.

 

     

     

    

 

IV. DEFAULT

 

If any of the following events of default occur, this Note and
any other obligations of the Borrower to the Lender, shall become due immediately, without demand or notice:

 

1)
the failure of the Borrower to pay the principal and any accrued interest when due;

 

2)
the liquidation, dissolution, incompetency or death of the Borrower;

 

3)
the filing of bankruptcy proceedings involving the Borrower as a debtor;

 

4)
the application for the appointment of a receiver for the Borrower;

 

5)
the making of a general assignment for the benefit of the Borrower’s creditors;

 

6)
the insolvency of the Borrower;

 

7)
a misrepresentation by the Borrower to the Lender for the purpose of obtaining or extending credit; or

 

8)
the sale of a material portion of the business or assets of the Borrower.

 

V. SEVERABILITY OF PROVISIONS

 

If any one or more of the provisions of this Note are determined
to be unenforceable, in whole or in part, for any reason, the remaining provisions shall remain fully operative.

 

VI. MISCELLANEOUS

 

All payments of principal and interest on this Note shall be
paid in the legal currency of the United States. The Borrower waives presentment for payment, protest, and notice of protest and
demand of this Note.

 

No delay in enforcing any right of the Lender under this Note,
or assignment by Lender of this Note, or failure to accelerate the debt evidenced hereby by reason of default in the payment of
a monthly installment or the acceptance of a past-due installment shall be construed as a waiver of the right of Lender to thereafter
insist upon strict compliance with the terms of this Note without notice being given to Borrower. All rights of the Lender under
this Note are cumulative and may be exercised concurrently or consecutively at the Lender’s option.

 

This note may not be amended without the written approval of
the holder.

 

VII. GOVERNING LAW

 

This Note shall be construed in accordance with the laws of
the State of Florida.

 

VIII. SIGNATURES

 

This Note shall be signed by Angelo Morini, on behalf of Anutra
USA and William R Claypole.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, this Agreement has been executed
and delivered in the manner prescribed by law as of the date first written above.

 

Signed this _____ day of ___________, _____,
at _________________________, _________________________.

 

	Borrower: 
	Anutra USA
	 
	By:	 	 
	Angelo Morini
	 
	Lender:
	William R Claypole
	 
	By:	 	 
	William R Claypole

 

    	 	3Exhibit 10.1

 

 

This Indemnity Agreement is made
on the [●] day of [●] 2018.

 

Between:

 

		(1)	Arco Platform Limited, an exempted company incorporated in the Cayman Islands (the "Company");
and

 

		(2)	[●], a [director and/or officer] of the Company (the "Indemnitee").

 

Whereas:

 

		(A)	The Indemnitee [has served as a director and/or officer of the Company since/will be appointed
as a director and/or officer on] [●] 2018.

 

		(B)	The Indemnitee [has performed/will perform] valuable services to the Company.

 

		(C)	The substantial increase in corporate litigation subjects directors and officers to expensive litigation
risks at the same time that the availability of directors’ and officers’ liability insurance has been severely limited.

 

		(D)	It [is/was] a condition to the appointment of the Indemnitee as a [director and/or officer] of
the Company that the Company indemnify the Indemnitee so as to provide [him/her] with the maximum possible protection permitted
by law.

 

		(E)	The Company wishes to indemnify the Indemnitee on the terms of this Agreement.

 

Now it is agreed as follows:

 

		1	Definitions

 

In this Agreement the following capitalised
words and expressions shall have the following meanings:

 

		1.1	In this Agreement:

 

		(a)	the term "Proceeding" shall include any threatened, pending or completed action,
suit, arbitration, alternative dispute resolution mechanism, investigation, inquiry, administrative hearing or proceeding, whether
brought by or in the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative nature,
including any appeal therefrom, and the term "decided in a Proceeding" shall mean a decision by a court, arbitrator(s),
hearing officer or other judicial agent having the requisite legal authority to make such a decision, which decision has become
final and from which no appeal or other review proceeding is permissible;

 

		(b)	the term "Expenses" shall include, but is not limited to, all damages, judgments,
fines, awards, amounts paid in settlement by or on behalf of the Indemnitee, expenses of investigations, judicial or administrative
proceedings or appeals, reasonable attorney’s fees, retainers, court costs, transcript costs, fees of experts, witness fees,
travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and disbursements
and any expenses of establishing a right to indemnification under this Agreement; and

 

     

     

    

 

		(c)	the terms "Director" and "Director of the Company" shall include
the Indemnitee’s service at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise as well as a director or officer of the Company.

 

		2	Indemnity of Director

 

Subject only to the limitations
set forth in Clause ‎3, the Company hereby agrees to indemnify
and hold harmless the Indemnitee in respect of and to pay on behalf of the Indemnitee all Expenses actually and reasonably incurred
by the Indemnitee because of any claim or claims made against him in a Proceeding by reason of the fact that he is or was a Director
of the Company.

 

		3	Limitations on Indemnity

 

The Company shall not be obligated
under this Agreement to make any payment of Expenses to the Indemnitee if:

 

		(a)	such payment is prohibited by applicable law;

 

		(b)	such payment is actually made to the Indemnitee under an insurance policy, except in respect of
any excess beyond the amount of payment under such insurance;

 

		(c)	the Indemnitee is indemnified by the Company otherwise than pursuant to this Agreement;

 

		(d)	such payment would result in the Indemnitee gaining any personal profit or advantage to which he
or she was not legally entitled; and

 

		(e)	such payment is brought about or contributed to by the fraud or dishonesty of the Indemnitee seeking
payment hereunder; however, notwithstanding the foregoing, the Indemnitee shall be indemnified under this Agreement as to any claims
upon which suit may be brought against him by reason of any alleged dishonesty on his part, unless it shall be decided in a Proceeding
that he committed acts of active and deliberate dishonesty with actual dishonest purpose and intent, and which acts were material
to the cause of action so adjudicated.

 

		4	Advance Payment of Costs

 

		4.1	Expenses incurred by the Indemnitee in defending a claim against [him/her] in a Proceeding shall
be paid by the Company as incurred and in advance of the final disposition of such Proceeding.

 

		4.2	The Indemnitee hereby agrees and undertakes to repay such amounts advanced by the Company if it
shall be decided in a Proceeding that [he/she] is not entitled to be indemnified by the Company pursuant to this Agreement or otherwise.

 

		4.3	If a claim under this Agreement is not paid by the Company, or on its behalf, within thirty (30)
days after a written claim has been received by the Company, the Indemnitee may at any time thereafter bring suit against the Company
to recover the unpaid amount of the claim and if successful in whole or in part, the Indemnitee shall also be entitled to be paid
the Expenses of prosecuting such claim.

 

    2 

     

    

 

		5	Enforcement

 

The Company expressly confirms
and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in order to induce the Indemnitee
to serve as a Director of the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving
as a Director of the Company.

 

		6	Subrogation

 

In the event of payment under
this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee,
who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

 

		7	Notice

 

		7.1	The Indemnitee, as a condition precedent to his right to be indemnified under this Agreement, shall
give to the Company notice in writing as soon as practicable of any claim made against him for which indemnity will or could be
sought under this Agreement, together with such information and cooperation as it may reasonably require.

 

		7.2	Notice to the Company shall be given at its principal office and shall be directed to the Company’s
Secretary (or such other address as the Company shall designate in writing to the Indemnitee from time to time).

 

		7.3	Notice shall be deemed received if (i) delivered by hand, on the date so delivered, or (ii) sent
by overnight courier, on the next business day after being so sent, or (iii) sent by facsimile, on the date so sent, or (iv) if
sent by e-mail, upon receipt of a confirmation of receipt e-mail.

 

		8	Saving Clause

 

If this Agreement or any portion
thereof shall be invalidated on any ground by any court of competent jurisdiction, the Company shall nevertheless indemnify the
Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated or by
any other applicable law.

 

		9	Indemnification Hereunder Not Exclusive

 

Nothing herein shall be deemed
to diminish or otherwise restrict the Indemnitee’s right to indemnification under any provision of the constitutional documents
of the Company or under Cayman Islands law.

 

		10	Coverage and Continuation of Indemnification

 

		10.1	The indemnification under this Agreement is intended to and shall extend to the Indemnitee’s
service as a Director prior to and after the date of the Agreement.

 

		10.2	The indemnification under this Agreement shall continue as to the Indemnitee even though he may
have ceased to be a Director and shall inure to the benefit of the heirs and personal representatives of the Indemnitee.

 

    3 

     

    

 

		11	Successors and Assigns

 

This Agreement shall be binding
upon the Company and its successors and assigns, and inure to the benefit of the Indemnitee and Indemnitee’s heirs, legal
representatives and assigns.

 

		12	Counterparts

 

This Agreement may be executed
in any number of counterparts, each of which shall constitute the original.

 

		13	Applicable Law

 

The terms and conditions of this
Agreement and the rights of the parties hereunder shall be governed by and construed in all respects in accordance with the laws
of the Cayman Islands. The parties to this Agreement hereby irrevocably agree that the courts of the Cayman Islands shall have
exclusive jurisdiction in respect of any dispute, suit, action, arbitration or proceedings which may arise out of or in connection
with this Agreement and waive any objection to such proceedings in the courts of the Cayman Islands on the grounds of venue or
on the basis that they have been brought in an inconvenient forum.

 

		14	Entire Agreement

 

This agreement constitutes the
entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings,
oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

[Remainder of page left intentionally
blank]

 

 

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In witness whereof the parties hereto
have entered into this Agreement on the day and year first above written.

 

	SIGNED for and on behalf of	)	 	 
	Arco Platform Limited	)	 	 
	by:	)	 	 
	 	)	 	 
	 	 	 	 
	 	 	Authorised Signatory	 
	 	 	 	 
	 	 	 	 
	SIGNED by:	)	 	 
	 	)	 	 
	 	)	 	 
	 	)	 	 
	 	 	 	 
	 	 	[●]	 

 

 

 

 

    5

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