Document:

Exhibit 4.2
SHAREHOLDERS’ AGREEMENT OF BANCO INTER S.A.
This shareholders’ agreement is entered into on this date, by and between:
I.              INTER HOLDING FINANCEIRA S.A., a share capital corporation headquartered at Avenida Barão Homem de Melo, n.0 2.222, suite 502, CEP 30494-080, in the City of Belo Horizonte, State of Minas Gerais, enrolled with CNPJ/ME under the No. 39.903.325/0001-10, herein represented pursuant to its Bylaws (“Inter Holding”); and
II.            STONECO LTD., corporation headquartered at 103 South Church Street, 4th floor, Harbour Place, Grand Cayman, Cayman Islands, herein represented pursuant to its Bylaws (“Stone”);
And, in the position of consenting intervening party
III.          RUBENS MENIN TEIXEIRA DE SOUZA, Brazilian, married, civil engineer, bearer of Identity Card RG n. 20.353-D, issued by CREA/MG, enrolled with CPF/ME under the No. 315.836.606-15, resident and domiciled in the City of Belo Horizonte, State of Minas Gerais, at Av. Barbacena, n° 1219, 22nd floor, Bairro Santo Agostinho, CEP 30.190-131 (“Rubens”);
IV.           JOÃO VITOR NAZARETH MENIN TEIXEIRA DE SOUZA, Brazilian, married, civil engineer, bearer of Identity Card RG No. 11.657.757, issued by SSP/MG, enrolled with CPF/ME under the No. 013.436.666-27, resident and domiciled in the City of Belo Horizonte, State of Minas Gerais, with office at Avenida do Contorno, 7.777, 2nd and 3rd floors, CEP 30110-051 (“João”); and
V.             BANCO INTER S.A., financial institution public company, headquartered at Avenida Barbacena, No. 1.219, 13rd to 24th floors, CEP 30190-131, enrolled with CPF/ME under the No. 00.416.968/0001-01, herein represented pursuant to its Bylaws (“Banco Inter” or “Company”),
Rubens, Inter Holding and Stone hereinafter jointly and severally referred as “Shareholder” or “Shareholders”) (sic); and
all of them jointly and severally referred as “Party” or “Parties”,
WHEREAS as of the present date Rubens is the only controlling shareholder of Inter Holding and Banco Inter;
WHEREAS as of May 24, 2021, the Parties signed the “Investment Agreement and Other Covenants” to regulate Stone’s or any of its Affiliates’ investments, directly or indirectly, in the Company (“Investment Agreement”) as an anchor investor for the primary public offering of common and preferred shares and deposit stock certificates (“Units”), each one representing one (1) common share and two (2) preferred shares, issued by the Company and to be paid by it under the terms of CVM Instruction 476 (“Public Offering”); and
WHEREAS as of the present date Stone, directly and/or through its Affiliates, will hold 85,904,734 common shares and 42,726,152 preferred shares issued by the Company; and
WHEREAS the Shareholders wish to regulate certain aspects of their relationship as indirect shareholders of the Company,
NOW, THEREFORE IT BE RESOLVED that the Parties sign this Shareholders’ Agreement of Banco Inter S.A. (“Agreement” or “Shareholders’ Agreement”) to provide the right and obligations concerning the respective equity shares under the terms and for the purposes of article 118 of the Brazilian Corporate Law, according to the following sections and conditions:
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CHAPTER I
DEFINITIONS AND INTERPRETATION
1.1.          Definitions. The following words, expressions and abbreviations with the first initial letter in capital and not defined in other portions herein will have the definitions set to them by this Section 1.1:
“Affiliate” shall mean, with respect to any Person, any other Person which, directly or indirectly, Controls, is Controlled by, or is under common Control with, the Person in question.
“Governmental Authority” means any authority, entity, regulatory or administrative body, department, commission, council, agency or governmental body of any country, nation or government, whether at the federal, state or municipal level, or judiciary, whether directly or indirectly, including, without limitation, diplomatic distribution, autonomous governmental body, international public organization, directly or indirectly controlled entities, by the public authority, public and private joint stock company, public foundations, political parties, tribunal, court, judicial, administrative or arbitration body or other party with jurisdiction over the Parties or the Company, as well as any stock exchanges or organized over-the-counter markets;
“B3” means B3 S.A. - Brasil, Bolsa, Balcão;
“Brazilian Civil Code” means the Law No. 10.406, from January 10, 2002, as amended.
“Control” (including the terms with related definition, such as “Controlled”, “Controlled by” and “under common Control with”) means the ownership of at least fifty point one percent (50.1%) of the voting capital stock of a given entity, either in Brazil or abroad, free and released from any commitments of joint or veto votes or restrictions of political rights of any time so that the holder of a given share has full powers in its own to elect most of the management members and prevail in every social resolution, except for those the Controller is hindered or forbidden to vote due to a legal provision. It is provided that the Shareholders’ Agreement in force and signed by Rubens, João and SoftBank Group Corp. on September 16, 2019, as made available on the present date in the CVM’s IPE System does not imply restriction to the shares owned by Inter Holding, João or Rubens that forbid them from exercising the Control;
“CVM” means the Brazilian Securities and Exchange Commission;
“Business Day” means any day except Saturday, Sunday or any other day the banks in Belo Horizonte, State of Minas Gerais, and São Paulo, State of São Paulo, are not supposed to operate or on which they are authorized to do so by the applicable law or any executive decree;
“Control Group” means Rubens, jointly with (i) his/her spouse, (ii) any of his/her heirs and legal successors, and/or (iii) assigns receiving Shares as provided herein concerning Permitted Transfers;
“CVM Instruction 476” means CVM Instruction 476, of January 16, 2009, as amended;
“Law” means any law, decree, authorization, bylaws, regulation, rule, guideline, ordinance, decision, order, request or requirement enacted or imposed by any Governmental Authority, including, among others, tax, financial, legal or administrative authorities of the Federative Republic of Brazil;
“Brazilian Corporate Law” means Law No. 6.404, dated December 15, 1976, as amended.
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“Liens” means any and all liens, charges or rights of any nature, including mortgage, pledge, pledge, personal guarantee, debt guarantee, attachment, or any other type of judicial or administrative restriction, title, usufruct, custody agreement, third party right, guarantee right, fiduciary alienations or domain reservation, lease, sublease, license, possessory foul, agreement or restriction of vote, right of participation, option, right of first offer, right of first refusal or negotiation, rights to join joint sale, right to demand joint sale, right of first refusal, right of negotiation or acquisition, right of reservation of domain, guarantees under judicial or administrative discussion, assignment, restrictive obligation, right to creditors, or other restrictions or limitations of a similar nature, which includes, without limitation, liens arising out of a contractual provision or a decision of the Governmental Authority;
“Minimum Number of Shares for Director Election” means 115,767,797 Shares, reduced by the number of Shares or Units Stone and/or its Affiliates come to dispose of to obtain funds to pay taxes, liens and/or expenses it may incur with the exchange of common shares for preferred shares pursuant to the Section 4.1, provided this number is adjusted by splitting, grouping, bonus, spin-off, merger (including shares), payment of expenses or capitalization of profit or reserves, exercise of options or right to refusal or business combination;
“Minimum Number of Shares to Preserve Preference” means 102,904,709 Shares, reduced by the number of Shares or Units Stone and/or its Affiliates come to dispose of to obtain funds to pay taxes, liens and/or expenses it may incur with the exchange of common shares for preferred shares pursuant to the Section 4.1, provided this number is adjusted by splitting, grouping, bonus, spin-off, merger (including shares), payment of expenses or capitalization of profit or reserves, exercise of options or right to refusal or business combination;
“Person” means any natural person, legal entity or non-person entity, including but not limited to companies of any kind, in fact or in law, consortium, partnership, association, joint venture, consortia, investment funds and universality of rights or other entity or organization, including a political or governmental subdivision, or governmental agency or independent governmental agency;
“Transfer” means the act of directly or indirectly selling, granting, transferring, granting rights or options, subscribing or paying capital, donating, pledging or constituting Liens or any rights of guarantee or, in any other way, directly or indirectly disposing or charging Shares, Units, rights of first refusal or priority to subscribe Shares or Units, regardless of the title, or also undertaking any kind of operation which result is that any Person becomes the holder of Shares of any Person or its successor including, among others, through operations of merger and spin-off (including of shares); and/or becomes the beneficiary of the political and/or economic rights of the Person through the execution of any kind of agreement.
1.2.          Other Definitions. The following defined terms will have the same definitions they received on the respective Sections informed below:
	Definitions
	 
	Section

	Shareholder(s)
	 
	Preamble

	Selling Shareholder
	 
	3.7

	Offered Shares
	 
	3.7

	Bound Shares
	 
	3.1

	Agreement
	 
	Preamble

	Shareholders’ Agreement
	 
	Preamble

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	Definitions
	 
	Section

	Investment Agreement
	 
	Whereas

	Banco Inter
	 
	Whereas

	Chamber
	 
	6.2

	Company
	 
	Preamble

	Dispute
	 
	6.2

	Preemptive Right
	 
	3.7

	Inter Holding
	 
	Preamble

	João
	 
	Preamble

	Notice of Disassociation
	 
	3.6

	Notice of Exercise of the Preemptive Right
	 
	3.7.3

	Notice of Transfer
	 
	3.7.1

	Public Offering
	 
	Whereas

	Party(ies)
	 
	Preamble

	Offered Price
	 
	3.7.1

	Third Party Proposal
	 
	3.7

	Regulation
	 
	6.2

	Rubens
	 
	Preamble

	Stone
	 
	Preamble

	Interested Third Party
	 
	3.7

	Permitted Transfers
	 
	3.3

	Arbitral Tribunal
	 
	6.4

	Units
	 
	Preamble

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1.3.          Interpretation. Except as required otherwise by the context herein: (i) any references in the singular shall include both plural and vice versa; (ii) any references in the masculine or feminine or neuter gender shall include all the genders; (iii) the preamble and the exhibits are part of this Agreement and shall have the same force and effect as if they were expressly provided in this Agreement and any reference to this Agreement shall include any of its whereas and exhibits; (iv) references to this Agreement or any other document shall be interpreted as references to this Agreement or any other document duly specified if amended, changed, renewed, supplemented or replaced from time to time; (v) any reference to a given Section shall be considered as being a referenced to a whole Section, unless otherwise specified; (vi) the references herein to “whereas”, “items”, “Sections” and “Exhibits” are references to whereas, items, Sections and Exhibits of this Agreement, except of provided otherwise herein; (vii) any references to Laws will be interpreted as references to a given Law as amended, supplemented or replaced from time to time; (viii) the headings of sections, subclauses, portions, paragraphs and exhibits are merely for convenience and do not affect the interpretation of this Agreement; (ix) the expression “in written” includes any notice made under the terms herein; (x) the words “include(s)”, “including” and “given” will be interpreted as only having the purpose to exemplify or to provide an emphasis and shall not be interpreted as limiting or to limit the usual definition of any preceding words; (xi) the references to a given Shareholder or Company include the respective successors and permitted assigns of such party. Regarding individuals, it shall include their legal representatives, heirs and permitted assigns; and (xii) every term provided herein will be counted as calendar days unless Business Days are specified for the calculation. The counting of the periods shall occur as provided for in Article 132 of the Brazilian Civil Code which means excluding the date of the event that caused the commencement of such term and including the last day of such term. When a deadline expires on a day, which is not a Business Day, the period shall be automatically extended to the first subsequent Business Day.
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1.4.           Joint Liability. Rubens and João are jointly liable for any obligations assumed herein by Rubens (himself or on behalf of the Control Group), João, Inter Holding and the permitted assigns pursuant to the Section 3.3 below.
CHAPTER II
ELECTION OF THE BOARD OF DIRECTORS’ MEMBER
2.1            Election of Director. During the term of this Agreement and while Stone and/or its Affiliates hold at least the Minimum Number of Shares for Director Election, Stone will have the right to appoint its Chief Executive Officer to hold the position of member of the Board of Directors of the Company. Every Shareholder must direct their votes to approve the election of the Board of Directors’ member appointed by Stone under the terms of this Section.
2.1.1. Every Shareholder must vote in the pertaining social resolutions to approve the election of the Board of Directors’ member appointed by Stone. In case the Board of Directors has a vacant position despite appointment from Stone, including due to waiver, Stone can appoint a new member for the vacant position, pursuant to the Section 2.1.
CHAPTER III
DISASSOCIATION OF THE AGREEMENT AND TRANSFER OF SHARES
3.1.          Bound Shares. This Agreement binds (a) all the Shares issued by the Company and owned by Stone and/or its Affiliates as of this date or that were acquired during the term of this Agreement; and (b) concerning Rubens, exclusively the shares he directly or indirectly owned in any Person and sufficient to Control the Company and any Person who Controls the Company. In both cases, whether they are grouped in Units or not, regardless of the way they were acquired and their respective title, including, among others, (i) those resulting from purchase, assignment for consideration or for free or any other way of transfer, subscription, capital contribution, conversion, splitting, grouping, bonus, spin-off, merger (including shares), payment of expenses, capitalization of profit or reserve, exercise of option or right to first refusal, (ii) any and every shareholding issued by other companies replacing the shares issued by the Company as well as (iii) all and any preemptive rights for subscription or acquisition of new shares or securities convertible into shares issued by the Company and corresponding to the Bound Shares (“Bound Shares”).
3.2.          General Provisions. Regarding the provided in this Chapter III, Rubens, on his own name or on behalf of the Control Group, and Inter Holding and its successors commit not to transfer or in any other way directly or indirectly deal their Bound Shares at any title or any other means, partially or entirely, except as provided herein. Any trading or transfer of Bound Shares by Rubens on his own or through the Control Group or Inter Holding and their successors without respecting the provisions herein will not be effective. It is forbidden: (i) the registration of any trading or transfer of Bound Shares before the institution custodian of the shares issued by the Company; or (ii) the exercise by the respective assignor and assignee of the corresponding right to vote or any other right granted by the Bound Shares. For clarification purposes, Stone and/or its Affiliates can freely transfer or generate liens over their shares.
3.3.          Permitted Transfers. The rules restricting the transfer herein will not be applied to any transfers of a portion or entire Bound Shares made the following ways and provided that the (a) assignee irrevocably and irretractably adhered to this Agreement, assuming and substituting itself in all the obligations now assumed by the assignor and provided they both be jointly obligated by the covenants accepted and they shall sign the instrument of adhesion, which draft is part of the Exhibit I; and (b) assignor and assign must inform the Company and all the 540479.4 other Parties of this Agreement of said Transfer through a prior written notice sent in advance within five (5) Business Days plus an instrument of adhesion mentioned in the item (a) of this Section, that shall be duly signed (“Permitted Transfers”):
(i)             Transfers by Rubens (by himself or through the Control Group), Inter Holding and their Affiliates to any of their Affiliates, including through mergers, mergers of shares, split-off or any other corporate restructurings or business combinations, with the Party and its respective Affiliates committing to transfer the Shares back to the respective Party in case of subsequent amendment to the Affiliate’s Control; and
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(ii)           The entering of heirs or successors by law or the Rubens’ will, provided Rubens (by himself or through the Control Group) remain holders of the indirect Control of the Company during the whole term of this Agreement and keep ensuring this Shareholders’ Agreement is complied with.
3.4.          Disassociation of Stone Shares. Stone and/or its Affiliates may at any time and at their exclusive criteria disassociate a portion or all their Shares from this Shareholders’ Agreement to be sold in exchanges or any other way of Transfer, including private Transfer, provided the procedure to disassociate Shares in the Section 3.6 below is complied with.
3.5.          Disassociation of Inter Holding Shares. Rubens, by himself of through the Control Group, and Inter Holding may at any time and at their exclusive criteria disassociate the Bound Shares they own from this Shareholders’ Agreement, provided that: (i) Rubens, by himself or through the Control Group, at all times keep the Bound Shares representing the Control over the Company still bound to this Shareholders’ Agreement; (ii) Rubens, by himself or through the Control Group, or Inter Holding intend to perform a Transfer of their Bound Shares that result in the loss of the Company’s Control, provided the Preemptive Right provided in the Sections 3.7 and 3.8 below are complied with; and (iii) Rubens, by himself of through the Control Group, or Inter Holding observe the procedure of disassociation of the Bound Shared provided in the Section 3.6 below.
3.6.          Disassociation Procedure. Subject to the provided in Section 3.4, if Rubens, by himself of through the Control Group, or Inter Holding or Stone and/or any one of their Affiliates desire to disassociate their Bound Shares from this Shareholders’ Agreement, the interest Party shall within five (5) Business Days in advance communicate said decision to the Company and to another Shareholder: (i) mandatorily informing the maximum number of Bound Shares it intends to disassociate; and (ii) irrevocably and irretractably state that it concerns the disposal provided in the Preemptive Right pursuant to the Section 3.8 below (“Notice of Disassociation”).
3.7.          Preemptive Right. If Rubens, by himself or through the Control Group, or Inter Holding intend to perform Transfers of their Bound Shares or in any other way intends to accept a Third Party Proposal to perform a Transfer of their Bound Shares to the mentioned third party (“Selling Shareholder”, “Interested Third Party” and “Third Party Proposal”) and such Transfer results in the loss of the Company’s Control by Rubens, either for himself or through the Control Group, if jointly deemed, the Selling Shareholder must offer Stone a preemptive right so that Stone, at own criteria, directly or through any of its Affiliates acquired the Bound Shares, subject of the Third Party Proposal (“Offered Shares”) for the same price and conditions provided in said Third Party Proposal (“Preemptive Right”).
3.7.1.       Lack of Preemptive Right. The Preemptive Right does not apply to: (i) Transfers agreed in Sections 3.3, 3.5 and 3.8 of this Agreement; and (ii) any Transfer that does not result in loss of the Company’s Control by Rubens and/or the Control Group. The Preemptive Right will also be disregarded as applicable if Stone becomes a holder (by himself or through its Affiliates) of less than the Minimum Number of Shares to Preserve Preference.
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3.7.2.       Notice of Transfer. For purposes of exercising the Preemptive Right, the Selling Shareholder shall send a written notice to Stone mentioning (i) the terms of the Third-Party Proposal with a copy of it, (ii) a strong intention from the Selling Shareholder to Transfer the Offered Shares; (iii) the number of Offered Shares; (iv) the name and data of the Interested Third Party. If it is a legal entity, the name of the respective Controller or the Controlling Group, either direct or indirect; (v) the price (mandatorily paid in cash or upon delivery of the securities listed and with the effective daily trading in exchange markets) (“Offered Price”) and payment conditions; and (vi) other terms and conditions proposed by the Interested Third Party, including statements and guarantees to be provided with them; indemnification events and eventual limits and other obligations to be complied with (such as noncompetition or non-solicitation obligations) and any minutes of the Agreement already negotiated (“Notice of Transfer”). For the purposes of this Agreement, a Third-Party Proposal offering the payment of the price for the Offered Shares in any other asset or as consideration not clearly provided in item (v) of this Section will not be deemed as valid.
3.7.3.       Exercise of the Preemptive Right. Within forty-five (45) days after the receipt of the Notice of Transfer, Stone, by itself of its Affiliates, may, but without being forced to, notify the Selling Shareholder in written about its decision to exercise its Preemptive Right upon sending a notice in written to the Offering Shareholder that informs its decision to acquire the Offered Shares under the terms of the Third Party Proposal and the Notice of Transfer (“Notice of Exercise do Preemptive Right”). If the Offered Price encompasses the delivery of securities (provided they are listed and have an effective daily trading in the exchanges market), such securities will be assessed by the Interested Third Party for purposes of exercising the Preemptive Right by their average quotation weighted by volume in the exchanges market of their main trading from the prior thirty (30) bids as answer to the Third-Party Proposal issued to the Shareholder. If Stone, by itself or through its Affiliates, does not send a Notice of Exercise of Preemptive Right within the provided term, sends its without following the procedure herein or, yet sends an express representation that it has chosen not to exercise the Preemptive Right, Stone itself or its Affiliates will be deemed as having waived their Preemptive Right concerning the Notice of Transfer previously sent only.
3.7.4.       Transfer of the Offered Shares to the Stone. If Stone, by itself or through its Affiliates, exercise its Preemptive Right, Stone itself or its respective Affiliate exercising the Preemptive Right and the Selling Shareholder shall meet at the Company’s main office up to the sixtieth (60th) day as of the receipt of the Notice of Exercise of the Preemptive Right to prepare the Transfer of the Offered Shares and sign all the required forms, agreements and documents. If the Transfer of the Offered Shares is subject to the prior approval from any Governmental Authorities in Brazil or abroad, the term provided above for the Transfer of the Offered Shares will be added to the period required to obtain the mentioned approval(s).
3.7.5.       Transfer of the Offered Shares to the Interested Third Party. If Stone, by itself or through its Affiliates, has not exercised its Preemptive Right, the Offered Shareholder will have up to ninety (90) days as of the date Stone, by itself or through its Affiliates, waives such right, to Transfer the Offered Shares to the Interested Third Party, strictly under the terms of the Third Party Proposal and the Notice of Transfer, provided said term will be added to the period required to obtain any prior approvals from the Governmental Authorities required to consummate said Transfer to the Interested Third Party. If the Transfer of the Offered Shares to the Interested Third Party is not performed within said period or if the conditions provided in the Third-Party Proposal or the Notice of Transfer are amended concerning pricing and/or conditions of payment or any pertaining change, the whole procedure to exercise the Preemptive Right will be reset.
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3.8.          Waiver of Preemptive Right. The Preemptive Right will not be applied and shall not be offered by the Selling Shareholder if the Offered Price for the Offered Shares is higher than the following amounts:
(a)            In the first or second year of the signature of this Agreement: the average quotation weighted by the volume of the main security or title referred into shares (i.e., shares, units or any other) ninety (90) days before the date of receipt of the Third-Party Proposal by the Selling Shareholder or the public disclosure about the Transfer of the Offered Shares, whichever occurs first (unaffected share price) plus a forty-five percent (45%) premium over such amount;
(b)            In the third or fourth year of the signature of this Agreement: the average quotation weighted by the volume of the main security or title referred into shares (i.e., shares, units or any other) ninety (90) days before the date of receipt of the Third-Party Proposal by the Selling Shareholder or the public disclosure about the Transfer of the Offered Shares, whichever occurs first (unaffected share price) plus a thirty-five percent (35%) premium over such amount; and
(c)            In the fifth or sixth year of the signature of this Agreement: the average quotation weighted by the volume of the main security or title referred into shares (i.e., shares, units or any other) ninety (90) days before the date of receipt of the Third-Party Proposal by the Selling Shareholder or the public disclosure about the Transfer of the Offered Shares, whichever occurs first (unaffected share price) plus a thirty percent (30%) premium over such amount.
3.9.          Interested Third Party Adhesion. Except as provided in the Section 3.3 above, any Interested Third Party acquiring Bound Shares, provided is in full compliance to the procedure agreed herein, will neither become a Party of this Agreement nor will be entitled any right provided herein.
3.10.        Effects of Non-compliance. Any Transfer performed breaching this Chapter III will be deemed as void ab initio.
CHAPTER IV
ADDITIONAL OBLIGATIONS
4.1.          Obligation to Exchange Shares. If, after 12 (twelve) months from the date hereof, Stone or one of its Affiliates is still a holder of common shares acquired in the Public Offering, Inter Holding, Rubens and João hereby undertake, jointly and severally, for themselves and by their Affiliates and the Control Group, to carry out an exchange of Shares with Stone or one of Stone’s Affiliates (or through other format proposed by Inter Holding, Rubens and João, as long as accepted by Stone), directly or through one of its Affiliates, delivering preferred shares issued by the Company to it and receiving, in return, common shares issued by the Company currently of its ownership, so as to enable Stone (or its Affiliate) to form, with all its common shares acquired in the Public Offering and the preferred shares purpose of the exchange, Units of Company, currently traded on B3 under the ticker BIDI11. The Parties undertake to perform such exchange within 5 (five) Business Days as of Stone’s written request, directly or through one of its Affiliates, in this regard.
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4.1.1.       In addition to Stone’s right to claim the specific performance of the exchange obligation assumed above, Stone will be entitled to receive indemnification from Rubens, João, and Inter Holding, as joint and several debtors, for the losses and damages suffered in the event of any default or delay of Inter Holding or Rubens to implement the exchange provided for in this Section 4.1.
4.1.2.       Each exchange will be solely responsible for any taxes, liens, or expenses provided for herein in the implementation of the provisions of this section and incurred by it, under the terms assigned by Law, without any obligation of indemnification, supplementation, delivery of goods or gross-up imposed on any party.
4.2.          Agreement Transfer. In the event of corporate reorganization or any form of Transfer, business combination, migration of Banco Inter’s shareholding base that results in the transfer of Shareholders, or their Affiliates that are Banco Inter’s shareholders, to other company, in Brazil or abroad, in any capacity, this Shareholders’ Agreement will remain in force, binding the Parties to all its terms and conditions, and the company in which the Shareholders, or its Affiliates, will hold equity interest will be considered the Company for all purposes of this Agreement, with all necessary adjustments being automatically made. The Parties hereby undertake to perform all necessary acts so that the resulting company becomes aware of and adheres to this Shareholders’ Agreement, assuming all the obligations assumed herein by Banco Inter.
4.3.          Obligations of the Company, Compliance with the Agreement. The Company hereby undertakes to comply, and the Shareholders, by themselves or by their Affiliates who are Banco Inter’s shareholders, undertake to cause the Company comply with any and all provisions of this Agreement. The Company will not perform any act, and will not fail to perform any act, as applicable, and the Shareholders, by themselves or their Affiliates, undertake to ensure that the Company does not perform any act, or does not fail to perform any act , as applicable, if the effect of such practice or omission violates or is incompatible with the provisions of this Agreement or, in any way, may prejudice the rights of the Shareholders, in particular a Stones’ or their Affiliates’ shareholder, under this Agreement, without prejudice to the right of the aggrieved Shareholder, by itself or by its Affiliates that are Banco Inter’s shareholders, to obtain the specific performance of the breached obligation, through the competent judicial measure, under this Agreement and the Brazilian Corporate Law.
4.4.          New Agreements. Rubens (by himself and by the Control Group) and Stone, by itself and its Affiliates, (i) shall not enter into any other shareholders’ agreement, agreements or quasi-corporate arrangements of any nature that contradict or impair the exercise of the rights agreed hereunder, and (ii) will inform the other party about the execution of any shareholders’ agreement related to Banco Inter.
4.5.          Filing and registration. This Agreement will be filed at the Company’s registered office and a copy will be sent to the financial institution custodian of the shares issued by the Company, for registration in the records of the Shareholders regarding the binding of the Bound Shares. This Agreement will also be filed at Inter Holding’s registered office and recorded in the registered shares registry book of Inter Holding, as well as of any of its successors, at any time.
4.6.          No request. During the term of this Agreement, the Parties undertake not to hire any statutory officer or member of the Board of Directors of the other Shareholder and its Affiliates, without the prior and express consent of the other Shareholder.
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4.7.          Representations of Shareholders.
4.7.1.       Inter Holding and Rubens jointly represent that: (i) Rubens is the indirect controller of Inter Holding, with shares free and unencumbered of any and all Liens; (ii) Inter Holding is the holder and legitimate owner of 810.721.338 Bound Shares, with 689.565.372 common shares and 121.155.966 preferred shares, representing 53.4122% of the voting capital stock and 31.4826% of the total capital stock of the Company, such amounts being calculated (a) considering the number of Banco Inter’s shares in view of the capital increase approved at the Board of Directors’ meeting of Banco Inter held on June 24, 2021, which is under approval by the Central Bank of Brazil, and (b) disregarding Banco Inter’s treasury shares; (iii) all Bound Shares owned by Inter Holding are free and clear of any and all Liens, except for the Liens created by this Agreement; (iv) there is no judicial, administrative or arbitration proceeding in progress, filed or initiated, which may threaten or threatens, in any way, even if indirectly, affects or restricts the free exercise of rights and prerogatives inherent to Inter Holding’s Bound Shares and the provisions of this Agreement; (v) they have full capacity and do not require any authorization to enter into this Agreement or to contract, assume, comply with and perform the duties and obligations set forth herein.
4.7.2.       Stone represents that: (i) Stone, by itself or through its Affiliates, is the sole holder and legitimate owner of 128.630.886 Bound Shares, with 85.904.734 common shares and 42.726.,152 preferred shares, representing 6.6540% of the voting capital stock and 4.995% of the Company’s total capital stock, such amounts being calculated (a) considering the number of Banco Inter’s shares in view of the capital increase approved at the Board of Directors’ meeting of Banco Inter held on June 24, 2021, which is currently under approval by the Central Bank of Brazil, and (b) disregarding Banco Inter’s treasury shares; (ii) there is no judicial, administrative or arbitration proceeding in progress, filed or initiated, which may threaten or threatens, in any way, even if indirectly, affects or restricts the free exercise of rights and prerogatives inherent to Stones’ Bound Shares and the provisions of this Agreement; (iii) it has full capacity and does not require any authorization to enter into this Agreement or to contract, assume, comply with and perform the duties and obligations set forth herein.
CHAPTER V
TERM AND EFFECTIVENESS
5.1.          Term. This Agreement will be effective as of the date of its signature and will remain in force until the occurrence of the first event among:
(i)             the 6th (sixth) anniversary of the execution of this Agreement;
(ii)            the date in which Stone, by itself or through its Affiliates, becomes the holder of Shares issued by the Company representing less than the Minimum Number of Shares to Preserve Preference; or
(iii)           as agreed between the Parties.
5.2.          Upon termination of this Agreement for any reason, the provisions of Chapter VII and Chapter VI will remain in effect.
CHAPTER VI
APPLICABLE LAW AND CONFLICT RESOLUTION
6.1.          Governing Law. This Agreement and the rights of the Parties hereunder shall be governed, construed and enforced in accordance with the laws of the Federative Republic of Brazil.
6.2.          Arbitration. In the event of any omission, doubt, questioning, conflict, controversy, dispute, divergence or demand arising out of or related to the provisions of this Agreement, including those referring to its enforceability, validity, effectiveness, violation, construction, and termination involving any of the Parties or the consenting intervening parties of this Agreement (“Dispute”), the interested party, as the case may be, will submit the Dispute to be definitively resolved by arbitration procedure, pursuant to Law No. 9.307/96, administered and conducted by the Market Arbitration Chamber (“Chamber”), according to its arbitration regulation in force at the time of the arbitration request (“Regulation”
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6.3.         The arbitration award to be rendered by the Arbitral Tribunal, as well as any possible enforcement measures provided for in this Agreement, such as specific performance and execution of an extrajudicial title, may be taken to any competent court to determine its execution.
6.4.         The arbitral tribunal will be composed of 3 (three) arbitrators (“Arbitral Tribunal”), one appointed by the requesting Party, the other appointed by the requested Party and the third party (chairman the Arbitral Tribunal) by the two arbitrators appointed by the requesting and requested parties. Arbitrators will not have the power to decide any Dispute based on rules of equity.
6.5.         In the event that any of the arbitration parties do not appoint their respective co-arbitrators or in the event that the arbitrators appointed by the parties do not reach an agreement as to the third party arbitrator under the Regulation, the third party arbitrator shall be appointed under the Regulation.
6.6.         The arbitration seat will be the City of São Paulo, State of São Paulo, Brazil, and the procedure, as well as the documents and information submitted to the arbitration and/or any claims related thereto, will be subject to confidentiality. The arbitration award shall be deemed final and definitive, to which the parties shall be bound, to the express waiver of any appeal. The arbitration will be in Portuguese, but any party may present evidence, documents (including, among others, written testimonies or expert statements) in any other language, provided it is accompanied by a certified translation in Portuguese. In addition, witnesses and experts who give evidence at the hearings will be allowed to use any other language of their choice, provided that, for such testimony, a sworn translator is provided by the arbitral tribunal to simultaneously translate the testimony of the witness or expert (as well as the questions) into Portuguese.
6.7.         Before the establishment of the Arbitral Tribunal, any of the signatories may submit requests for precautionary or urgent measures to the Chairman of the Chamber, who will appoint a Support Arbitrator under the terms of the Regulation, including with regard to the specific interim protection. After the establishment of the Arbitral Tribunal, requests for interim protection shall be addressed to the Arbitral Tribunal, which may review, modify or revoke any measures previously assessed by the Supporting Arbitrator. For any other judicial measures that may be necessary, the Court of the District of São Paulo, State of São Paulo, is elected as the only competent court, waiving all others, no matter how special or privileged they may be.
6.8.         The expenses from the arbitration procedure, including, but not limited to, the Chamber administrative costs, and arbitrators’ and experts’ fees, if applicable, shall be assumed by each party as set forth in the Regulation. The losing party in the arbitration will reimburse the winning party for all expenses of the arbitration procedure, except in relation to contractual or losing attorney’s fees, which will be borne by the parties without any right to reimbursement.
6.9.         The arbitration shall be kept strictly confidential, and its elements (including the allegations of the parties, evidence, reports and other expressions of third parties and any other documents submitted or exchanged during the arbitration procedure) may only be disclosed to the Arbitral Court, to the parties, their lawyers and any person whose participation in the arbitration is necessary to its development, necessary for its development, unless disclosure is required to comply with the obligations imposed by an applicable Law or decision.
CHAPTER VII
FINAL PROVISIONS
7.1.         Irrevocability, Assignment. This Agreement is signed on an irrevocable basis, binding the Parties for themselves and their heirs and successors to any title. The Parties must not assign and transfer any rights or obligations arising from this Agreement without the prior consent of the others, except for the events expressly provided for herein. The Parties and their permitted assigns and successors shall fully comply with the obligations purpose of this Agreement, including, for Parties that are the Company’s shareholders, attend the Company’s general meetings, in person or through a duly appointed attorney-in-fact, voting in them in strict accordance with the provisions of this Agreement, aware that such obligations are subject to specific performance, as provided for by law.
7.2.         Intervention. The Company signs this Agreement as intervening party, declaring itself to be aware of all its terms and conditions, and obliging to observe it in its entirety.
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7.3.          Specific Performance. The obligations assumed herein shall be subject to specific performance by any of the Parties, pursuant to art. 118, §3 of the Brazilian Corporate Law and civil procedural legislation. The Parties agree to perform, enter into and fulfill the obligations thereof at all times upon strict compliance with the terms and conditions set forth herein. The Parties hereby acknowledge and agree that all obligations assumed or which may be charged hereunder are subject to specific performance under the civil procedural legislation, without prejudice of, cumulatively, being charged for losses and damages by the Party, that it has to bear as a result of the default of obligations agreed herein. The Parties expressly acknowledge and agree to the specific compliance with its obligations and to accept court and arbitration orders or any other similar acts.
7.4.          Notices. All notices, notifications and any other communications relating to this Agreement shall be made in written, sent by registered letter (with return receipt), by email or recognized overnight service, with proof of receipt, to the following addresses:
To Inter Holding and/or Rubens:
Address: Avenida Barbacena, n° 1219, Bairro Santo Agostinho, na City of Belo Horizonte, State of Minas Gerais, CEP 30.190-131
Att.: João Vitor Menin
E-mail: jvitor@bancointer.com.br
To Stone:
Address: Harbour Place, 103 South Church Street George Town, Grand Cayman Att.: Thiago Piau
E-mail: tpiau@stone.com.br
To the Company:
Address: Avenida Barbacena, n° 1219, Bairro Santo Agostinho, na City of Belo Horizonte, State of Minas Gerais, CEP 30.190-131
Att.: João Vitor Menin
E-mail: jvitor@bancointer.com.br
7.4.1.       Notices delivered under this Section 7.4 shall be deemed effective: (a) at the time they are delivered, if delivered in person; (b) when they are received if sent by post, email or overnight service; or (c) upon receipt of proof of delivery by the sender, if sent by email.
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7.4.2.       A Party may change the address to which notices are to be given by written notice to the other Parties pursuant to Section 7.4, and with respect to this provision, notice shall be deemed given only upon acknowledgement of receipt by all other Parties.
7.5.          Amendment. No amendment to this Agreement shall be valid, except in writing signed by all Parties.
7.6.          Waiver. The omission or delay by any of the Parties in exercising any right provided for herein shall not be considered as a waiver to such right; nor shall the isolated or partial exercise of any right preclude any future or other exercise of that or any other right. The remedies provided for in this Agreement are cumulative and do not exclude any remedies conferred by Law.
7.7.          Severance of Provisions. If any term or provision of this Agreement is held to be illegal or unenforceable under any Law or order of any Governmental Authority, all other terms and provisions of this Agreement shall remain in full force and effect. Upon determination that any term or other provision is invalid, illegal or unenforceable, the Shareholders will negotiate in good faith in order to modify this Agreement with a view to enforcing the original intent of the Shareholders as closely as practicable and in an acceptable manner so that the operations provided for herein are consummated as originally provided for in the maximum measure possible.
IN WITNESS WHEREOF, the parties hereto signed this Agreement in 4 (four) counterparts in the presence of the 2 (two) undersigned witnesses.
São Paulo, June 29, 2021.
[Remainder of the page intentionally left blank]
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Signature page 1/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
INTER HOLDING FINANCEIRA S.A.
	/s/ Rubens Menin Teixeira de Souza
	 
	/s/ João Vitor Nazareth Menin Teixeira de Souza

	Name: Rubens Menin Teixeira de Souza
	 
	Name: João Vitor Nazareth Menin Teixeira de Souza

	Position: Officer
	 
	Position: Officer

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Signature page 2/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
STONECO LTD.
	/s/ Thiago dos Santos Piau
	 
	/s/ Rafael Martins Pereira

	Name: Thiago dos Santos Piau
	 
	Name: Rafael Martins Pereira

	Position: Chief Executive Officer
	 
	Position: Investor Relations Officer

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Signature page 3/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
	

	

	/s/ Rubens Menin Teixeira de Souza
	 

RUBENS MENIN TEIXEIRA DE SOUZA
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Signature page 4/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
	/s/ João Vitor Nazareth Menin Teixeira de Souza
	 

JOÃO VITOR NAZARETH MENIN TEIXEIRA DE SOUZA
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Signature page 5/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
BANCO INTER S.A.
	/s/ João Vitor Nazareth Menin Teixeira de Souza
	 
	/s/ Alexandre Riccio de Oliveira

	Name: João Vitor Nazareth Menin Teixeira de Souza
	 
	Name: Alexandre Riccio de Oliveira

	Position: Chief Executive Officer
	 
	Position: Vice Chief Technology, Operations and Financial Officer

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Signature page 6/6 of the Shareholders’ Agreement of Banco Inter S.A. entered into on June 29, 2021, between Inter Holding Financeira S.A. and StoneCo Ltd., with Rubens Menin Teixeira de Souza, João Vitor Nazareth Menin Teixeira de Souza, and Banco Inter S.A. as consenting intervening parties
Witnesses:
	/s/ Ana Luiza Vieira Franco Forattini
	 
	/s/ Osmar Castellani Junior

	Name: Ana Luiza Vieira Franco Forattini
	 
	Name: Osmar Castellani Junior

	ID: 7.372.138
	 
	ID: 42.609.104-8

	CPF: 025.129.256-84
	 
	CPF: 322.710.978-60

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Exhibit 4.3
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AMENDED AND RESTATED REORGANIZATION AGREEMENT
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This Amended and Restated Reorganization Agreement, dated as of April 15, 2022 (this “Agreement”), is entered into by and among SBLA Holdings (Cayman) LP (formerly known as SLA Holdings (Cayman) LP) (“SBLA”), a Cayman Islands exempted limited partnership, LA BI Holdco LLC (“LA BI”), a Delaware limited liability company, New LA BI LLC (“New LLC”), a Delaware limited liability company, Inter & Co, Inc. (formerly known as Inter Platform, Inc.) (“ListCo”), a Cayman Islands exempted company with limited liability, Inter Holding Financeira S.A. (“HoldFin”), a corporation (sociedade por ações) incorporated under the laws of the Federative Republic of Brazil, Banco Inter S.A. (“BI”), a corporation (sociedade por ações) incorporated under the laws of the Federative Republic of Brazil, Rubens Menin Teixeira De Souza (“Mr. R. Menin”) and João Vitor Nazareth Menin Teixeira De Souza (“Mr. J. Menin” and, together with Mr. R. Menin, the “Majority Shareholders”) (each individually, a “Party”, and, jointly, the “Parties”).
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W I T N E S S E T H:
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WHEREAS, BI’s common shares, preferred shares and units (the “BI Shares”) are listed on the São Paulo Stock Exchange, B3 S.A. — Brasil, Bolsa, Balcão (“B3”) Nível 2 segment;
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WHEREAS, the Majority Shareholders indirectly own 91.2% of the voting shares of ListCo and 84.3% of the total capital of ListCo, which owns 100% of the total and voting shares of HoldFin, which owns 53.32% of the common shares and 9.43% of the preferred shares of BI, representing 31.44% of the issued and outstanding capital stock of BI;
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WHEREAS, SBLA owns 100% of the interests of LA BI, which owns 10.44% of the common shares and 19.65% of the preferred shares of BI, representing 15.03% of the issued and outstanding capital stock of BI;
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WHEREAS, LA BI owns 100% of the interests of New LLC;
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WHEREAS, the Majority Shareholders, ListCo and BI desire to effect a corporate reorganization of BI with the purpose of listing shares of ListCo (that ultimately represent the equity of BI) on the NASDAQ;
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WHEREAS, ListCo has registered a Program of Brazilian Depositary Receipts (“ListCo BDRs”) representing the ListCo Class A Common Shares (as defined below) with the Brazilian Securities Commission (Comissão de Valores Mobiliários, or “CVM”) and B3 has approved the listing of the ListCo BDRs on the B3;
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WHEREAS, SBLA wishes to cooperate with the Majority Shareholders, ListCo and BI in the corporate reorganization;
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WHEREAS, the Parties desire to effect the transactions set forth herein in connection with the corporate reorganization (the “Reorganization”), subject to the terms and conditions contained herein;
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WHEREAS, the Parties entered into the Reorganization Agreement, dated as of October 4, 2021 (the “Original Agreement”);
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WHEREAS, the Parties desire to amend and restate the Original Agreement to make the modifications hereinafter set forth;
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NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereto agree as follows:
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ARTICLE I
REGISTRATION AND LISTING OF LISTCO SHARES
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1.             Registration and Listing of Class A Common Shares of ListCo. ListCo shall use its best efforts to (i) register its class A common shares, par value US$0.0000025 (the “ListCo Class A Common Shares”) with the U.S. Securities and Exchange Commission (“SEC”) pursuant to a registration statement on Form F-4 and (ii) apply to list the ListCo Class A Common Shares on the NASDAQ.
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ARTICLE II
MERGER OF SHARES
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Concurrently with the actions described in Article I, the applicable Parties shall take the actions described in this Article II.
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1.             Preparation of Merger of Shares. BI and HoldFin shall take all of the necessary steps to prepare the incorporação de ações (the “Merger of Shares”) through which each share of BI issued and outstanding immediately prior to the Merger of Shares will be automatically contributed into HoldFin in exchange for a certain number of newly issued HoldFin Redeemable Shares (as defined below), resulting in BI becoming a wholly-owned subsidiary of HoldFin, including the following:
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		(a)
	BI shall hold a board meeting to approve and recommend the independent appraiser that will prepare a fair market value appraisal report for the delisting of the BI Shares from B3 (“Appraisal Report”);

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		(b)
	BI shall procure the preparation of the Appraisal Report and such other documents that are required or necessary for the approval of the Merger of Shares;

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		(c)
	BI and HoldFin shall execute and deliver the merger of shares agreement (Protocolo e Justificação de Incorporação de Ações);

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		(d)
	BI shall call a shareholders meeting to approve the Merger of Shares (the “BI Shareholders Meeting”);

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		(e)
	ListCo, as the sole shareholder of HoldFin, shall vote to approve the Merger of Shares in a shareholders meeting of HoldFin.

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2.             HoldFin Redeemable Shares. Subject to the approval of the Merger of Shares by the BI Shareholders Meeting, pursuant to the Merger of Shares, on the Closing Date (as defined below) HoldFin will issue and deliver to each BI shareholder (other than HoldFin) one of the following classes of mandatorily redeemable shares of HoldFin (“HoldFin Redeemable Shares”):
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(i) in respect of BI Shares held by each BI shareholder as of the date that the new terms of the Reorganization are publicly announced by BI (the “Public Announcement Date”), at the election of each BI shareholder:
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		(a)
	Shares of HoldFin redeemable for cash at the market value set forth in the Appraisal Report (“Cash Redeemable Shares”); provided that if the aggregate amount to be disbursed to the BI shareholders by HoldFin in connection with the redemption of all Cash Redeemable Shares exceeds R$1,131,189,054.60 (the “Cash Redemption Cap”), the number of Cash Redeemable Shares to be issued to the BI shareholders that elect to receive Cash Redeemable Shares will be reduced ratably for all Cash Redeemable Shares and the difference in value will be delivered to such BI shareholders in the form of BDR Redeemable Shares (as defined below); or

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		(b)
	Shares of HoldFin redeemable for ListCo BDRs, which in turn may be cancelled by the holders of ListCo BDRs after the Closing Date against delivery of ListCo Class A Common Shares (“BDR Redeemable Shares”); and

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(ii) in respect of BI Shares acquired by each BI shareholder after the Public Announcement Date, BDR Redeemable Shares.
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3.             Cash-Out Election Period. Subject to the approval of the Merger of Shares by the shareholders of BI in the BI Shareholders Meeting, each BI shareholder, in its sole discretion, may elect to receive, during a period of up to six business days following the BI Shareholders Meeting (the “Cash-out Election Period”), in respect of its BI Shares held as of the Public Announcement Date and subject to the pro rata reduction described in Section 2(i)(a) of this Article II, Cash Redeemable Shares instead of BDR Redeemable Shares.
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4.             LA BI Election. Subject to the completion by the applicable Parties of the actions described in Article I and Section 1 of Article II hereof, LA BI shall not elect to receive Cash Redeemable Shares during the Cash-out Election Period.
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5.             Merger Announcement. Within six business days after the end of the Cash-out Election Period, BI will announce (the “Merger Announcement”) the results thereof and the date that the Merger of Shares will be effected (such date, the “Closing Date”).
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ARTICLE III
4131 CONVERSION
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1.             No later than five business days after the BI Shareholders Meeting that approves the Merger of Shares, LA BI shall request the conversion of all of the BI Shares it then owns into an investment regulated by Brazilian Law 4,131/62 (the “4131 Conversion”), subject to the following conditions:
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		(a)
	the receipt by LA BI of evidence satisfactory to LA BI that ListCo, HoldFin or BI have available (including pursuant to firm funding commitments subject to customary conditions, or otherwise), in aggregate, cash and cash equivalents that are unrestricted and otherwise available to be used to pay the cash consideration for the Cash Redeemable Shares upon their redemption, in an amount equal to the Cash Redemption Cap (such evidence, the “Proof of Funds”);

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		(b)
	the receipt by LA BI of evidence satisfactory to LA BI of the completion by the applicable Parties of the actions described in Article I and Sections 1, 3, 4 and 5 of Article II hereof; and

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		(c)
	(i) no stop order suspending the effectiveness of the registration of the ListCo Class A Common Shares or the ListCo BDRs shall have been issued, initiated or threatened,

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(ii) no proceeding shall have been initiated or threatened by the SEC, the NASDAQ, the CVM or the B3 regarding the Reorganization that, in the sole opinion of SBLA, could reasonably be expected to prevent, materially delay or materially impair the consummation of the Reorganization, and
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(iii) no action, suit or proceeding regarding the Reorganization has been initiated or threatened by any BI shareholder that, in the sole opinion of SBLA, could reasonably be expected to prevent, materially delay or materially impair the consummation of the Reorganization.
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2.             Notwithstanding Section 1 of this Article III, LA BI, at its sole discretion, shall be entitled to request the 4131 Conversion at any time prior to the date specified therein.
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ARTICLE IV
SOFTBANK ROLL-UP
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Subject to the completion by the applicable Parties of the actions described in Articles I, II and III hereof and no later than three business days after the consummation of the 4131 Conversion, the Parties shall take the following actions (the “SoftBank Roll-Up”):
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1.             New LLC Contribution. SBLA, LA BI and ListCo shall take the following actions (the “New LLC Contribution”):
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		(a)
	LA BI and New LLC shall execute and deliver the contribution agreement substantially in the form attached as Exhibit A hereto, pursuant to which LA BI shall contribute all of the BI Shares it owns at that time into New LLC;

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		(b)
	LA BI and SBLA shall perform the acts and execute, deliver and file the instruments, documents and agreements necessary to effect the distribution of its interests in New LLC to SBLA and to commence the liquidation of LA BI;

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		(c)
	SBLA and ListCo shall execute and deliver the contribution and exchange agreement substantially in the form attached as Exhibit B hereto, pursuant to which SBLA shall contribute all of its interests in New LLC to ListCo in exchange for, at the sole option of SBLA, the number of ListCo Class A Common Shares or ListCo BDRs that in the aggregate correspond to the total equity in BI represented by the BI Shares contributed by LA BI to New LLC pursuant to Section 1(a) of Article IV above; provided, that SBLA shall inform ListCo of its election to receive ListCo Class A Common Shares or ListCo BDRs, or a combination thereof, no later than the date of the BI Shareholders Meeting; and provided further, that ListCo and BI will coordinate with the depositary to cause the issuance of the ListCo BDRs and with the B3 to establish the necessary operational procedures to permit the delivery of ListCo BDRs to SBLA on the date of the New LLC Contribution.

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2.             Contribution of BI Shares. Immediately following the New LLC Contribution, ListCo, New LLC and HoldFin shall take the following actions (the “Contribution of BI Shares”):
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		(a)
	ListCo, New LLC and HoldFin shall execute and deliver the contribution agreement substantially in the form attached as Exhibit C hereto, including the corporate documents attached to the contribution agreement, pursuant to which ListCo shall contribute all of its shares in HoldFin to New LLC at book value, and New LLC shall contribute all of its BI Shares to HoldFin.

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3.             Contribution of ListCo Shares. Concurrently with the Contribution of BI Shares, ListCo and New LLC shall take the following actions (the “Contribution of ListCo Shares”):
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		(a)
	ListCo will contribute to New LLC at book value a sufficient number of ListCo BDRs for HoldFin to redeem the HoldFin Redeemable Shares in accordance with the elections of the BI shareholders; and

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		(b)
	New LLC will contribute such ListCo Class A Common Shares and ListCo BDRs to HoldFin.

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ARTICLE V
CLOSING OF THE MERGER OF SHARES
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On the Closing Date, the Merger of Shares shall become effective as follows:
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		(a)
	BI shall become a wholly-owned subsidiary of HoldFin;

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		(b)
	HoldFin shall deliver the applicable number of HoldFin Redeemable Shares to each BI shareholder pursuant to its election in accordance with Section 3 of Article II hereof, as applicable;

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		(c)
	The HoldFin Redeemable Shares shall be automatically redeemed, and HoldFin shall deliver to each holder thereof (i) one ListCo BDR per BDR Redeemable Share, or (ii) the applicable cash consideration per Cash Redeemable Share;

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		(d)
	the BI Shares will be delisted from the B3; and

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		(e)
	the ListCo Class A Common Shares will be listed on the NASDAQ.

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ARTICLE VI
REPRESENTATIONS AND WARRANTIES
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1.              Representations and Warranties of the Parties. Each Party severally and not jointly represents and warrants to each other Party that, as at the date of this Agreement:
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		(a)
	if not a natural person, it is duly organized and validly existing under the laws of its country of incorporation or formation and has been in continuous existence since incorporation or formation;

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		(b)
	if a natural person, it has sufficient capacity to enter into this Agreement;

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		(c)
	it is not insolvent or unable to pay its debts as they fall due, and (if not a natural person) has not filed or had filed against it any petition for its winding-up, reorganization or bankruptcy (other than any filing which could not have the effect of calling into question the validity of the transactions contemplated in this Agreement);

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		(d)
	it has the right, power and authority, and has taken all action necessary, to execute, deliver and exercise its rights and perform its obligations under this Agreement;

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		(e)
	its obligations under this Agreement are, or when the relevant documents are executed will be, enforceable in accordance with their respective terms;

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		(f)
	the execution and delivery of, and the performance of its obligations under, this Agreement will not:

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		(i)
	if not a natural person, result in a breach of any provision of its memorandum or articles of association or by-laws or equivalent constitutional documents;

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		(ii)
	result in a breach of, or constitute a default under, any instrument to which it is a party or by which it is bound and which is material in the context of the transactions contemplated by this Agreement;

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		(iii)
	result in a breach of any order, judgment or decree of any court or governmental entity to which it is a party or by which it is bound or submits and which is material in the context of the transactions contemplated by this Agreement; or

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		(iv)
	require it to obtain any consent or approval of, or give any notice to or make any registration with, any governmental entity or any third party which has not been obtained or made at the date of this Agreement, other than in connection with the registration of the ListCo Class A Common Shares with the SEC and the registration of the ListCo BDRs with the CVM;

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		(g)
	there is no proceeding pending against, or, to the knowledge of such Party, threatened against or affecting such Party that could reasonably be expected to prevent, materially delay or materially impair such Party’s ability to perform its obligations hereunder or to consummate the transactions contemplated in this Agreement.

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2.             Representations and Warranties of LA BI. LA BI shall represent and warrant to ListCo, as of the date of the New LLC Contribution, that (i) it owns good and marketable title to all of the BI Shares contributed to New LLC pursuant to the New LLC Contribution, and such BI Shares are free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever, and (ii) upon consummation of the New LLC Contribution, New LLC shall have good and valid title to the BI Shares contributed pursuant to the New LLC Contribution, free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever.
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3.             Representations and Warranties of SBLA. SBLA shall represent and warrant to ListCo, as of the date of the New LLC Contribution, that (i) it owns good and marketable title to all of the interests in New LLC contributed to ListCo pursuant to the New LLC Contribution, and such interests are free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever, and (ii) upon consummation of the New LLC Contribution, ListCo shall have good and valid title to the interests in New LLC contributed pursuant to the New LLC Contribution, free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever.
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4.             Representations and Warranties of LA BI with respect to New LLC. LA BI represents and warrants to ListCo, as of the date hereof and as of the date of the New LLC Contribution, that (i) New LLC is duly organized and validly existing under the laws of the State of Delaware, and has not conducted any economic activity or held any assets or had any liabilities of any nature since its formation; (ii) New LLC does not have any actual or, to the knowledge of LA BI, potential liability in respect of any taxes (including interest and penalties thereon) in any jurisdiction; (iii) New LLC is not liable for any obligation of any nature (including taxes) of any person as a transferee or successor, by contract, or otherwise; (iv) New LLC is, and has been since its formation, a disregarded entity for US tax purposes; (v) the execution and delivery of, and the performance of its obligations under, this Agreement will not (y) result in a breach of any provision of the organizational documents of New LLC or (z) require New LLC to obtain any consent or approval of, or give any notice to or make any registration with, any governmental entity or any third party; (vi) there is no proceeding pending against, or, to the knowledge of SBLA, threatened against or affecting New LLC; (vii) no power of attorney is currently in effect relating to New LLC, other than in favor of New LLC’s tax representative and/or corporate representative in Brazil; and (viii) there are no tax allocation, tax sharing or other agreements with or relating to any income or other taxes with any other person to which New LLC is now or ever has been a party.
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5.             Representations and Warranties of ListCo. ListCo shall represent and warrant to SBLA, as of the date of the New LLC Contribution, that (i) it owns good and marketable title to all of the ListCo Class A Common Shares or ListCo BDRs issued to SBLA pursuant to the New LLC Contribution, and such interests are free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever, and (ii) upon consummation of the New LLC Contribution, SBLA shall have good and valid title to the ListCo Class A Common Shares or ListCo BDRs contributed to SBLA pursuant to the New LLC Contribution, free and clear of all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances of any nature whatsoever.
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6.             Representations and Warranties of ListCo, HoldFin and BI. ListCo, HoldFin and BI represent and warrant to SBLA, as of the Closing Date, that ListCo, HoldFin or BI will have, in aggregate, cash and cash equivalents that are unrestricted and otherwise available to be used to pay the cash consideration for the Cash Redeemable Shares upon their redemption, in an amount equal to the Cash Redemption Cap.
​
ARTICLE VII
COVENANTS
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1.             ListCo Shareholders Agreement. Concurrently with the SoftBank Roll-Up, ListCo and SBLA shall execute and deliver the shareholders agreement substantially in the form attached as Exhibit D hereto.
​
2.             Cash Redemption. ListCo, HoldFin and BI shall, by no later than April 30, 2022, provide evidence satisfactory to SBLA that ListCo, HoldFin or BI will have available (including pursuant to firm funding commitments or otherwise), in aggregate, cash and cash equivalents that are unrestricted and otherwise available in an amount equal to the Cash Redemption Cap, to be used to pay the cash consideration for the Cash Redeemable Shares upon their redemption.
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3.             Unwinding. If the Merger of Shares is approved at the BI Shareholders Meeting and to the extent any steps of the 4131 Conversion (other than pursuant to Section 2 of Article III) or the SoftBank Roll-Up have been implemented, then the Parties will use their best efforts to unwind such steps of the 4131 Conversion or the SoftBank Roll-Up which have already occurred in the most tax-efficient manner for all Parties, upon the earlier of (i) the date BI determines not to proceed with the Reorganization, or (ii) August 31, 2022 (which date may be extended by written agreement of all the Parties) (the “Unwinding”).
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8

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4.             Governance of BI. From the date hereof until the Closing Date, except as set forth herein:
​
		(a)
	ListCo, HoldFin and the Majority Shareholders shall notify SBLA of any material matters in connection with the conduct of BI’s business outside the ordinary course.

​
		(b)
	Without limiting the generality of the above, without the prior approval of SBLA (not to be unreasonably withheld), ListCo and the Majority Shareholders shall not permit BI to:

​
		(i)
	amend its organizational documents in any manner that would be materially adverse to SBLA or the consummation of the Reorganization, other than in connection with the Reorganization;

​
		(ii)
	issue additional equity interests or redeem, split, combine or reclassify any outstanding equity interests of BI, other than in connection with the Reorganization;

​
		(iii)
	adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization; or

​
		(iv)
	take any other action that would be materially adverse to SBLA (including as to its investment in BI and/or ListCo) or would be reasonably likely to prevent or impede the consummation of the Reorganization.

​
5.             Governance of LA BI and New LLC. From the date hereof until the Closing Date, except as set forth herein:
​
		(a)
	SBLA shall notify BI of any material matters in connection with the conduct of LA BI’s and New LLC’s business outside the ordinary course that would be reasonably likely to prevent or impede the consummation of the Reorganization.

​
		(c)
	Without limiting the generality of the above, without the prior approval of BI (not to be unreasonably withheld), SBLA shall not permit LA BI or New LLC to:

​
		(i)
	amend the organizational documents of New LLC, or amend the organizational documents of LA BI in any manner that would be materially adverse to ListCo, HoldFin and the Majority Shareholders or the consummation of the Reorganization;

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		(ii)
	issue additional equity interests or redeem, split, combine or reclassify any outstanding equity interests of LA BI or New LLC;

​
		(iii)
	elect to treat New LLC as an association taxable as a corporation for U.S. tax purposes;

​
		(iv)
	adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization; or

​
		(v)
	take any other action that would be materially adverse to ListCo, HoldFin and the Majority Shareholders (including in connection with any investment in any person or assume any other material obligations or liabilities other than in connection with the ownership of the BI Shares).

​
6.             Transfer Restrictions. (a) Except as set forth herein, from the date of the New LLC Contribution until the Closing Date, the Majority Shareholders agree not to, directly or indirectly, offer, sell, or dispose of shares of BI which results in the Majority Shareholders owning, directly or indirectly, less than the number of BI Shares contributed by LA BI pursuant to the New LLC Contribution.
​
(b) For the avoidance of doubt, LA BI will have no restrictions in connection with its ownership of its BI Shares and may freely transfer and encumber its BI Shares prior to the New LLC Contribution has occurred; provided that if, prior to the New LLC Contribution, LA BI ceases to own at least 10% of the issued and outstanding capital stock of BI, this Agreement may be terminated by BI without any further obligation to any of the Parties; and provided, further, that as of the date of the New LLC Contribution, any BI Shares contributed by LA BI to New LLC shall be clear of any encumbrances.
​
7.             Review and Information. (a) All agreements, filings, registration statements and documents necessary to implement the Reorganization, including ListCo’s submissions and filings with the SEC, will be submitted to SBLA and BI and their respective counsel for their review, comment and approval (not to be unreasonably withheld) within a reasonable time prior to their execution, use or filing.
​
		(b)
	Notwithstanding any other existing reporting obligations, ListCo and the Majority Shareholders will promptly provide SBLA such information regarding the status of the actions described herein and the implementation of the Reorganization as it may reasonably request.

​

10

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ARTICLE VIII
INDEMNITY
​
1.             SBLA Indemnity. SBLA agrees to indemnify and hold harmless the Majority Shareholders, ListCo, HoldFin and BI, from and against any losses from (i) any and all liabilities of any nature (including tax, labor, civil, criminal, environmental, regulatory and others) of New LLC accrued prior to or resulting from the New LLC Contribution, (ii) any breach of the representations and warranties of SBLA or LA BI included herein or in the agreements for implementation of the New LLC Contribution, and (iii) any taxes (including interest and penalties thereon) owed in any jurisdiction by New LLC (or its direct or indirect regarded parent for U.S. federal income tax purposes), including as a result of New LLC being treated as a successor to or transferee of another entity, that were accrued or otherwise due in respect of the status or activities of New LLC or any entity of which New LLC is being treated as a successor or transferee, in each case prior to, or as a result of, the New LLC Contribution.
​
2.             ListCo and BI Indemnity. ListCo and BI, jointly and severally, agree to indemnify and hold harmless SBLA from and against any losses from any breach of the representations of ListCo, BI and the Majority Shareholders included herein.
​
3.             Unwinding. (a) In the event of an Unwinding, ListCo and BI agree, jointly and severally, to reimburse SBLA for (i) any reasonable costs and expenses of tax advisors and counsel to SBLA and its affiliates in connection with the reconversion of the 4131 investment back to a 4373 investment, up to an amount of US$500,000 and subject to pre-approval of fee proposals in writing by BI (such pre-approval not to be unreasonably withheld, conditioned or delayed), and (ii) the Imposto sobre Operações Financeiras in Brazil incurred by SBLA or its affiliates as a result of the reconversion of the 4131 investment back to a 4373 investment.
​
		(b)
	In the event that the Merger of Shares is not consummated due to HoldFin not having sufficient cash to redeem the Cash Redeemable Shares on the Closing Date, ListCo and BI agree, jointly and severally, to reimburse SBLA for all the costs and expenses of any nature incurred by SBLA and its affiliates in connection with the preparation, negotiation and execution of the Reorganization, including but not limited to costs and expenses of tax advisors and counsel and any taxes, including capital gains taxes, owed by SBLA in connection with the Reorganization (including the reconversion of the 4131 investment back to a 4373 investment).

​
4.             Other Tax Liabilities. Other than as described herein, none of the Parties shall be required to indemnify or hold harmless any other Parties from or against any tax liabilities resulting from any of the transactions contemplated by the Reorganization or in connection with the Unwinding.
​
ARTICLE IX
MISCELLANEOUS
​
1.             Termination. (a) This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual written agreement among all of the Parties.
​
		(b)
	This Agreement, and the obligations of all Parties hereunder, may be terminated by written agreement of ListCo, HoldFin and BI at any time prior to the BI Shareholders Meeting without the approval or consent of SBLA, LA BI or New LLC; provided that Article VIII (Indemnity), Section 2 of Article IX (Expenses) and Section 3 of Article IX (Confidentiality) shall survive and remain in full force and effect, regardless of any termination of this Agreement pursuant to this Section 1(b) of Article IX.

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11

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2.             Expenses. Any reasonable expenses of United States and Brazil counsel to SBLA and its affiliates incurred by SBLA and its affiliates after September 1, 2021 in connection with (i) this Agreement (including the Original Agreement and the preparation of any term sheet setting forth the terms of this Agreement), (ii) the implementation of the Reorganization and any actions related thereto, and (iii) the preparation and review of a registration statement in accordance with the ListCo Shareholders Agreement pursuant to Section 1 of Article VII hereto, will be borne by BI, subject to pre-approval of fee proposals in writing by BI (such pre-approval not to be unreasonably withheld, conditioned or delayed); provided, that the expenses payable pursuant to clauses (i) and (ii) of this Section 2, excluding amounts already reimbursed by BI prior to April 15, 2022, shall not exceed US$300,000; and provided, further, that all expenses payable pursuant to this Section 2 shall be paid directly by BI upon delivery by SBLA of the underlying invoices.
​
3.             Confidentiality. (a) Subject to Section 3(b) and 3(c) of Article IX hereof, the Parties agree to maintain the confidentiality of the existence of this Agreement and the terms hereof (“Confidential Information”), except that such Confidential Information may be disclosed (i) to their directors, officers, employees, representatives and agents, including accountants, legal counsel and other advisors who have a need to know such Confidential Information (it being understood that the persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to maintain the confidentiality of such Confidential Information in accordance with the provisions of this Agreement), (ii) to the extent requested by any regulatory authority, (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement, (v) in connection with any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, or (vi) to the extent such Confidential Information becomes publicly available other than as a result of a breach of this Section 3 of Article IX.
​
		(b)
	Notwithstanding Section 3(a) of Article IX above, ListCo and BI shall be permitted to disclose the existence and the terms of this Agreement and the transactions contemplated thereby in the registration statements filed with the SEC to register the ListCo Class A Common Shares (including the filing of this Agreement as an exhibit thereto) and in connection with the registration of the ListCo BDRs with the CVM, and in connection with any other required regulatory filings pursuant to the Reorganization as determined by ListCo, in each case subject to the review, comment and approval (not to be unreasonably withheld) of SBLA.

​
		(c)
	BI may issue a fato relevante in Brazil announcing SoftBank’s support for the Reorganization and its execution of this Agreement; provided, that a draft of such fato relevante will be submitted to SBLA and BI and their respective counsel for their review, comment and approval (not to be unreasonably withheld) at least 24 hours prior to its release.

​

12

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		(d)
	SBLA and LA BI agree to provide all relevant information required or reasonably advisable in connection with the preparation of the registration statements filed with the SEC to register the ListCo Class A Common Shares and in connection with the registration of the ListCo BDRs with the CVM, and in connection with any other required regulatory filings pursuant to the Reorganization.

​
4.             Further Assurances. The Parties shall do and perform, or cause to be done and performed, any and all such other acts to make, execute, deliver and/or file, or cause to be made, executed, delivered and/or filed, any and all instruments (including share transfer forms), certificates, documents, agreements, filings and the payment of transfer taxes and to take any and all actions as may be necessary to effect the transactions contemplated herein. The parties hereto agree to cooperate at all times from and after the date hereof with respect to all of the matters described herein, and to execute such further assignments, releases, assumptions, amendments and restatements, notifications and other documents as may be reasonably requested for the purpose of giving effect to, or evidencing or giving notice of, the transactions contemplated by this Agreement. Further, the parties shall use all reasonable efforts to obtain any necessary third party consents which are required to give effect to the transactions contemplated herein.
​
5.             Amendments and Consents. To the extent that any of the provisions set forth herein constitute an amendment, or to give full effect to the transactions contemplated hereby any waiver or amendment is required to be given or made, to any relevant document of any entity referred to herein (including with respect to any applicable restrictions or prohibitions thereof), the parties hereby agree that such document is hereby amended to effectuate such transactions, and this Agreement shall constitute an amendment to such document, to the extent permitted by applicable laws. Further, where any further steps are required to be taken to give effect to such changes to a document as contemplated by this Agreement, the parties shall take such actions and use all reasonable endeavours to procure that such steps are taken promptly. Each party hereby further agrees that whenever such party’s consent is required with respect to all or any of the matters described herein, including, without limitation, with respect to any transfer, such party hereby consents on behalf of such party itself and on behalf of each of such party’s controlled affiliates (including, without limitation, on behalf of any entity in which such party is a direct or indirect member, shareholder or other representative) to such matter without any further action required.
​
6.             Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.
​
7.             Amendment and Modification; Waiver. This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each Party hereto. No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the Party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
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13

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8.             Entire Agreement. This Agreement, and any other agreements, instruments or documents being or to be executed and delivered by a Party or any of its Affiliates pursuant to or in connection with this Agreement constitute the sole and entire agreement of the Parties with respect to the subject matter contained herein and therein, and supersede all other prior understandings and agreements, both written and oral, with respect to such subject matter.
​
9.             Execution in Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.
​
10.           Notices. Any notice or communication by each of the Parties hereto to the others is duly given if in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile, electronic mail or other electronic transmission or overnight air courier guaranteeing next day delivery.
​
11.           Governing Law. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of New York, all rights and remedies being governed by such laws, without regard to its provisions regarding conflicts of laws to the extent such provisions would result in this Agreement being governed by the law of another jurisdiction.
​
12.           Waiver of Jury Trial. EACH OF THE PARTIES HERETO (1) AGREES TO SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, (2) IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IN FEDERAL AND STATE COURTS LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK AND IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT OR PROCEEDING IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM AND (3) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
​
[Signature Page Follows]
​
​

14

​

IN WITNESS WHEREOF, the parties hereto have caused this Reorganization Agreement to be duly executed as of the date first above written.
​
	

	

	

	 
	SBLA Holdings (Cayman) LP

	 
	 

	 
	By:
	/s/ Christopher Cooper

	 
	 
	Name: Christopher Cooper

	 
	 
	Title: Director

​
​
	 
	LA BI Holdco LLC

	 
	 

	 
	By:
	/s/ Christopher Cooper

	 
	 
	Name: Christopher Cooper

	 
	 
	Title: Manager

​
	 
	New LA BI LLC

	 
	 

	 
	By:
	/s/ Christopher Cooper

	 
	 
	Name: Christopher Cooper

	 
	 
	Title: Manager

​
[Amended and Restated Reorganization Agreement – Signature Page]
​
​

​

​

​
	 
	Inter & Co, Inc.

	 
	 

	 
	By:
	/s/ João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Name: João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Title:  

	 
	 

	 
	Inter Holding Financeira S.A.

	 
	 

	 
	By:
	/s/ Ana Luiza Franco Forattini

	 
	 
	Name: Ana Luiza Franco Forattini

	 
	 
	Title:  

	 
	 
	 

	 
	By:
	/s/ João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Name: João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Title:

	 
	 

	 
	Banco Inter S.A.

	 
	 

	 
	By:
	/s/ Ana Luiza Franco Forattini

	 
	 
	Name: Ana Luiza Franco Forattini

	 
	 
	Title:  

	 
	 
	 

	 
	By:
	/s/ João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Name: João Vitor Nazareth Menin Teixeira De Souza

	 
	 
	Title:

	 
	 

	 
	Rubens Menin Teixeira De Souza

	 
	 

	 
	By:
	/s/ Rubens Menin Teixeira De Souza

	 
	 

	 
	João Vitor Nazareth Menin Teixeira De Souza

	 
	 

	 
	By:
	/s/ João Vitor Nazareth Menin Teixeira De Souza

​
[Amended and Restated Reorganization Agreement – Signature Page]
​
​

​

​

List of Exhibits
​
		·
	Exhibit A - Contribution Agreement between LA BI and New LLC

 
		·
	Exhibit B - Contribution and Exchange Agreement between SBLA and ListCo

 
		·
	Exhibit C - Contribution Agreement by and among ListCo, New LLC and HoldFin

 
		·
	Exhibit D - ListCo Shareholders Agreement

​

​

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