Document:

EX-10.8

 Exhibit 10.8 

DLP PAYMENTS HOLDINGS LTD. 

LONG-TERM INCENTIVE PLAN 

Section 1. Purpose. The purpose of the DLP Payments Holdings Ltd. Long-Term Incentive Plan (the “Plan”) is to
motivate and reward those employees, directors, consultants and advisors of DLP Payments Holdings Ltd. (the “Company”) and its Affiliates to perform at the highest level and to further the best interests of the Company and its
shareholders. Capitalized terms not otherwise defined herein are defined in Section 20. 
 Section 2. Eligibility.  

(a) Any employee, Non-Employee Director, consultant, or other advisor of the Company or any subsidiary
shall be eligible to be selected to receive an Award under the Plan. 
 (b) Holders of equity compensation awards granted by a company
acquired by the Company (or whose business is acquired by the Company) or with which the Company combines are eligible for grants of Replacement Awards under the Plan. 

Section 3. Administration.  

(a) The Plan shall be administered by the Committee. The Committee shall be appointed by the Board and shall consist of not less than three
directors of the Board. The Board may designate one or more directors as a subcommittee who may act for the Committee if necessary to satisfy the requirements of this Section. The Committee may issue rules and regulations for administration of the
Plan. 
 (b) Subject to the terms of the Plan and applicable law, the Committee (or its delegate) shall have full power and authority to:
(i) designate Participants; (ii) determine the type or types of Awards (including Replacement Awards) to be granted to each Participant under the Plan; (iii) determine the number of Shares to be covered by (or with respect to which
payments, rights or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent and under what circumstances Awards may be settled or exercised
in cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof, or canceled, forfeited or suspended, and the method or methods by which Awards may be settled, exercised,
canceled, forfeited or suspended; (vi) determine whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred either
automatically or at the election of the holder thereof or of the Committee; (vii)interpret and administer the Plan and 

 
any instrument or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend or waive such rules and regulations and appoint such agents as it shall deem
appropriate for the proper administration of the Plan; and (ix) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

(c) All decisions of the Committee shall be final, conclusive and binding upon all parties, including the Company, its shareholders and
Participants and any Beneficiaries thereof. 
 Section 4. Shares Available for Awards.  

(a) Subject to adjustment as provided in Section 4(c), the maximum number of Shares available for issuance under the Plan shall not exceed
the number of Shares indicated in the Board Resolution dated as of September 1, 2018. Shares underlying Replacement Awards and Shares remaining available for grant under a plan of an acquired company or of a company with which the Company
combines, appropriately adjusted to reflect the acquisition or combination transaction, shall not reduce the number of Shares remaining available for grant hereunder. 

(b) Any Shares subject to an Award or to an equity-based award granted under a prior plan of the Company (other than a Replacement Award and
any Award granted out of the authorized shares of an acquired plan), that expires, is canceled, forfeited or otherwise terminates without the delivery of such Shares, including any Shares subject to such Award or award to the extent that such Award
or award is settled without the issuance of Shares, shall again be, or shall become, available for issuance under the Plan. Any Shares surrendered or withheld in payment of any grant, acquisition or exercise price of such Award or award or taxes
related to such Award or award shall not become available for issuance under the Plan. 
 (c) In the event that, as a result of any dividend
or other distribution (whether in the form of cash, Shares or other securities), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to acquire Shares or other securities of the Company, issuance of Shares pursuant to
the anti-dilution provisions of securities of the Company, or other similar corporate transaction or event affecting the Shares, or of changes in applicable laws, regulations or accounting principles, an adjustment is necessary in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, subject to Section 18, adjust equitably any or all of: 

(i) the number and type of Shares (or other securities) which thereafter may be made the subject of Awards, including the
aggregate and individual limits specified in Section 4(a); 

  
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 (ii) the number and type of Shares (or other securities) subject to outstanding
Awards; and 
 (iii) the grant, acquisition, exercise price with respect to any Award or, if deemed appropriate, make
provision for a cash payment to the holder of an outstanding Award; 
 provided, however, that the number of Shares subject to any Award denominated
in Shares shall always be a whole number. 
 (d) Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized
and unissued Shares or Shares acquired by the Company. 
 Section 5. Options. The Committee is authorized to grant
Options to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine.  
 (a) The exercise price per Share under an Option shall be determined by the Committee.

 (b) The term of each Option shall be fixed by the Committee but shall not exceed 15 years from the date of grant of such Option. 

(c) The Committee shall determine the time or times at which an Option may be exercised in whole or in part. 

(d) The Committee shall determine the methods by which, and the forms in which payment of the exercise price with respect thereto may be made
or deemed to have been made, including cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof. 

Section 6. Stock Appreciation Rights. The Committee is authorized to grant SARs to Participants with the following terms and
conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(a) SARs may be granted under the Plan to Participants either alone (“freestanding”) or in addition to other Awards granted under the
Plan (“tandem”). 
 (b) The exercise price per Share under a SAR shall be determined by the Committee. 

  
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 (c) The term of each SAR shall be fixed by the Committee but shall not exceed 15 years from the
date of grant of such SAR. 
 (d) The Committee shall determine the time or times at which a SAR may be exercised or settled in whole or in
part. 
 (e) Upon the exercise of a SAR, the Company shall pay to the Participant an amount equal to the number of Shares subject to the SAR
multiplied by the excess, if any, of the Fair Market Value of one Share on the exercise date over the exercise price of such SAR. The Company shall pay such excess in cash, in Shares valued at Fair Market Value, or any combination thereof, as
determined by the Committee. 
 Section 7. Restricted Stock, Unrestricted Stock and RSUs. The
Committee is authorized to grant Awards of Restricted Stock, Unrestricted Stock and RSUs to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of
the Plan, as the Committee shall determine. 
 (a) The applicable Award Document shall specify the vesting schedule and, with respect to
RSUs, the delivery schedule (which may include deferred delivery later than the vesting date) and whether the Award of Restricted Stock or RSUs is entitled to dividends or dividend equivalents, voting rights or any other rights. The Award Document
shall also specify any purchase price that the Participant might be required to pay in connection with any Restricted Stock or Unrestricted Stock. 

(b) Shares of Restricted Stock and RSUs shall be subject to such restrictions as the Committee may impose (including any limitation on the
right to vote a Share of Restricted Stock or the right to receive any dividend, dividend equivalent or other right), which restrictions may lapse separately or in combination at such time or times, in such installments or otherwise, as the Committee
may deem appropriate. Without limiting the generality of the foregoing, if the Award relates to Shares on which dividends are declared during the period that the Award is outstanding, the Award shall not provide for the payment of such dividend (or
a dividend equivalent) to the Participant prior to the time at which such Award, or applicable portion thereof, becomes nonforfeitable, unless otherwise provided in the applicable Award Document. 

(c) Any share of Restricted Stock granted under the Plan may be evidenced in such manner as the Committee may deem appropriate, including
book-entry registration or issuance of a stock certificate or certificates. In the event that any stock certificate is issued in respect of shares of Restricted Stock granted under the Plan, such certificate shall be registered in the name of the
Participant and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock. 

  
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 (d) The Committee may determine the form or forms (including cash, Shares, other Awards, other
property or any combination thereof) in which payment of the amount owing upon settlement of any RSU Award may be made. 
 Section 8.
Performance Awards. The Committee is authorized to grant Performance Awards to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the
Plan, as the Committee shall determine. 
 (a) Performance Awards may be denominated as a cash amount, a number of Shares or a combination
thereof and are Awards which may be earned upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other Award shall constitute a Performance Award by conditioning the
right of a Participant to exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other
measures of performance as it may deem appropriate in establishing any performance conditions. Subject to the terms of the Plan, the performance goals to be achieved during any Performance Period, the length of any Performance Period, the amount of
any Performance Award granted and the amount of any payment or transfer to be made pursuant to any Performance Award shall be determined by the Committee. If the Performance Award relates to Shares on which dividends are declared during the
Performance Period, the Performance Award shall not provide for the payment of such dividend (or dividend equivalent) to the Participant prior to the time at which such Performance Award, or the applicable portion thereof, is earned. 

(b) Performance criteria may be measured on an absolute (e.g., plan or budget) or relative basis, and may be established on a
corporate-wide basis or with respect to one or more business units, divisions, subsidiaries or business segments. Relative performance may be measured against a group of peer companies, a financial market index or other acceptable objective and
quantifiable indices. If the Committee determines that a change in the business, operations, corporate structure or capital structure of the Company, or the manner in which the Company conducts its business, or other events or circumstances render
the performance objectives unsuitable, the Committee may modify the minimum acceptable level of achievement, in whole or in part, as the Committee deems appropriate and equitable. Performance objectives shall be adjusted for material items not
originally contemplated in establishing the performance target for items resulting from discontinued operations, extraordinary gains and losses, the effect of changes in accounting standards or principles, acquisitions or divestitures, changes in
tax rules or regulations, capital transactions, restructuring, nonrecurring gains or losses or unusual items. Performance measures may vary from Performance Award to Performance Award, and from Participant to Participant, and may be established on a
stand-alone basis, in tandem or in the alternative. The Committee shall have the power to impose such other restrictions on Awards subject to this Section 8(b) as it may deem necessary or appropriate to ensure that such Awards satisfy all
requirements of any applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations. 

  
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 (c) Settlement of Performance Awards; Other Terms. Settlement of Performance Awards shall
be in cash, Shares, other Awards, other property, net settlement or any combination thereof, as determined in the discretion of the Committee. Performance Awards will be settled only after the end of the relevant Performance Period. The Committee
may, in its discretion, increase or reduce the amount of a settlement otherwise to be made in connection with a Performance Award. 

Section 9. Other Share-Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to
Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that may influence the value of Shares, including convertible or exchangeable
debt securities, other rights convertible or exchangeable into Shares, acquisition rights for Shares, Awards with value and payment contingent upon performance of the Company or business units thereof or any other factors designated by the
Committee. The Committee shall determine the terms and conditions of such Awards. 
 Section 10. Effect of Termination of
Service or a Change in Control on Awards. 
 (a) The Committee may provide, by rule or regulation or in any Award Document, or may
determine in any individual case, the circumstances in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the vesting, exercise or
settlement of such Award or the end of a Performance Period. 
 (b) In addition, in the event of a Change in Control and to the extent not
inconsistent with the applicable Award Document, the Committee, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such Change in Control,
may take any one or more of the following actions whenever the Committee determines that such action is appropriate or desirable in order to prevent the dilution or enlargement of the benefits intended to be made available under the Plan or to
facilitate the Change in Control transaction: 
 (i) to terminate or cancel any outstanding Award in exchange for a cash
payment (and, for the avoidance of doubt, if as of the date of the Change in Control, the Committee determines that no amount would have been realized upon the exercise of the Award or other realization of the Participant’s rights, then the
Award may be cancelled by the Company without payment of consideration); 

  
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 (ii) to provide for the assumption, substitution, replacement or continuation of
any Award by the successor or surviving corporation (or a parent or subsidiary thereof) with cash, securities, rights or other property to be paid or issued, as the case may be, by the successor or surviving corporation (or a parent or subsidiary
thereof), and to provide for appropriate adjustments with respect to the number and type of securities (or other consideration) of the successor or surviving corporation (or a parent or subsidiary thereof), subject to any replacement awards, the
terms and conditions of the replacement awards (including, without limitation, any applicable performance targets or criteria with respect thereto) and the grant, exercise or purchase price per share for the replacement awards; 

(iii) to make any other adjustments in the number and type of securities (or other consideration) subject to outstanding Awards
and in the terms and conditions of outstanding Awards (including the grant or exercise price and performance criteria with respect thereto) and Awards that may be granted in the future; 

(iv) to provide that any Award shall be accelerated and become exercisable, payable and/or fully vested with respect to all
Shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Award Document; and 
 (v) to
provide that any Award shall not vest, be exercised or become payable as a result of such event. 
 Section 11. General Provisions
Applicable to Awards. 
 (a) Awards may, in the discretion of the Committee, be granted either alone or in addition to or in tandem with
any other Award or any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be granted either at
the same time as or at a different time from the grant of such other Awards or awards. 
 (b) Subject to the terms of the Plan and
Section 17, payments or transfers to be made by the Company upon the grant, exercise or settlement of an Award may be made in the form of cash, Shares, other Awards, other property, net settlement or any combination thereof, as determined by
the Committee in its discretion, and may be made in a single payment or transfer, in installments or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may include
provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of dividend equivalents in respect of installment or deferred payments. 

  
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 (c) Except as may be permitted by the Committee or as specifically provided in an Award Document,
(i) no Award and no right under any Award shall be assignable, alienable, saleable or transferable by a Participant otherwise than by will or pursuant to Section 11(d) and (ii) during a Participant’s lifetime, each Award, and
each right under any Award, shall be exercisable only by the Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative. The provisions of this Section 11(c) shall not apply to any Award that
has been fully exercised or settled, as the case may be, and shall not preclude forfeiture of an Award in accordance with the terms thereof. 

(d) A Participant may designate a Beneficiary or change a previous Beneficiary designation at such times prescribed by the Committee by using
forms and following procedures approved or accepted by the Committee for that purpose. 
 (e) All certificates for Shares and/or other
securities delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other
requirements of the Securities and Exchange Commission, any stock market or exchange upon which such Shares or other securities are then quoted, traded or listed, and any applicable securities laws, and the Committee may cause a legend or legends to
be put on any such certificates to make appropriate reference to such restrictions. 
 (f) Without limiting the generality of
Section 11(g), the Committee may impose restrictions on any Award with respect to noncompetition, confidentiality and other restrictive covenants, or requirements to comply with minimum stock ownership requirements, as it deems necessary or
appropriate in its sole discretion. 
 (g) The Committee may specify in an Award Document that the Participant’s rights, payments and
benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such
events may include a Termination of Service with or without Cause (and, in the case of any Cause that is resulting from an indictment or other non-final determination, the Committee may provide for such Award
to be held in escrow or abeyance until a final resolution of the matters related to such event occurs, at which time the Award shall either be reduced, cancelled or forfeited (as provided in such Award Document) or remain in effect, depending on the
outcome), violation of material policies, breach of noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the
Company and/or its Affiliates. 
 (h) Rights, payments and benefits under any Award shall be subject to repayment to or recoupment
(“clawback”) by the Company in accordance with such policies and procedures as the Committee or Board may adopt from time to time, including policies and procedures to implement applicable law, stock market or exchange rules and
regulations or accounting or tax rules and regulations. 

  
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 Section 12. Amendments and Termination. 

(a) Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Document or in the Plan, the Board
may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time; provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without (i) shareholder
approval, if such approval is required by applicable law or the rules of the stock market or exchange, if any, on which the Shares are principally quoted or traded or (ii) the consent of the affected Participant, if such action would materially
adversely affect the rights of such Participant under any outstanding Award, except to the extent any such amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with applicable law, stock market or
exchange rules and regulations or accounting or tax rules and regulations, or to impose any recoupment provisions on any Awards in accordance with Section 11(h). Notwithstanding anything to the contrary in the Plan, the Committee may amend the
Plan in such manner as may be necessary to enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient manner and in compliance with local laws, rules and regulations. 

(b) The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate any Award
theretofore granted, prospectively or retroactively, without the consent of any relevant Participant or holder or Beneficiary of an Award; provided, however, that, subject to Section 4(c) and Section 10(b), no such action shall
materially adversely affect the rights of any affected Participant or holder or Beneficiary under any Award theretofore granted under the Plan, except to the extent any such action is made to cause the Plan to comply with applicable law, stock
market or exchange rules and regulations or accounting or tax rules and regulations, or to impose any recoupment provisions on any Awards in accordance with Section 11(h); provided further that, except as provided in Section 4(c),
the Committee shall not without the approval of the Company’s shareholders (a) lower the exercise price per Share of an Option or SAR after it is granted or take any other action that would be treated as a repricing of such Award under the
rules of the principal stock market or exchange on which the Company’s Shares are quoted or traded, or (b) cancel an Option or SAR when the exercise price per Share exceeds the Fair Market Value in exchange for cash or another Award (other
than in connection with a Change in Control). 
 (c) Except as provided in Section 8(b), the Committee shall be authorized to make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of events (including the events described in Section 4(c)) affecting the Company, or the financial statements of the Company,

  
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or of changes in applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations, whenever the Committee determines that such adjustments are appropriate
in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 
 (d) The
Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect. 

Section 13. Prohibition on Option and SAR Repricing. Except as provided in Section 4(c), the Committee may not, without prior
approval of the Company’s shareholders, seek to effect any re-pricing of any previously granted “underwater” Option or SAR by: (i) amending or modifying the terms of the Option or SAR to
lower the exercise price; (ii) cancelling the underwater Option or SAR and granting either (A) replacement Options or SARs having a lower exercise price or (B) Restricted Stock, RSU, Performance Award or Other Stock-Based Award in
exchange; or (iii) cancelling or repurchasing the underwater Options or SARs for cash or other securities. An Option or SAR will be deemed to be “underwater” at any time when the Fair Market Value of the Shares covered by such Award
is less than the exercise price of the Award. 
 Section 14. Miscellaneous.  

(a) No employee, Participant or other person shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Company, in its sole discretion, maintains the right to make available future grants under the Plan. 

(b) The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of, or to continue to provide
services to, the Company or any Affiliate. Further, the Company or the applicable Affiliate may at any time dismiss a Participant, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award
Document or in any other agreement binding the parties. The receipt of any Award under the Plan is not intended to confer any rights on the receiving Participant except as set forth in the applicable Award Document. 

(c) Nothing contained in the Plan shall prevent the Company from adopting or continuing in effect other or additional compensation
arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 

  
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 (d) The Company shall be authorized to withhold from any Award granted or any payment due or
transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards, other property, net settlement or any combination thereof) of applicable withholding taxes due
in respect of an Award, its exercise or settlement or any payment or transfer under such Award or under the Plan and to take such other action (including providing for elective payment of such amounts in cash or Shares by the Participant) as may be
necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. 
 (e) If any provision of the Plan or any
Award Document is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction, or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be
construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award Document, such provision shall be
stricken as to such jurisdiction, person or Award, and the remainder of the Plan and any such Award Document shall remain in full force and effect. 

(f) Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of
the Company. 
 (g) No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine
whether cash or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated. 

(h) Awards may be granted to Participants who are non-Brazil nationals or employed or providing
services outside Brazil, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in Brazil as may, in the judgment of the Committee, be necessary or desirable to
recognize differences in local law, tax policy or custom. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation with respect to tax equalization for Participants on
assignments outside their home country. 
 Section 15. Effective Date of the Plan. The Plan is effective as of September 1,
2018. 

  
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 Section 16. Term of the Plan. No Award shall be granted under the Plan after the
earliest to occur of (i) September 1, 2033; provided that to the extent permitted by the listing rules of any stock exchanges on which the Company is listed, such 15-year term may be extended
indefinitely so long as the maximum number of Shares available for issuance under the Plan have not been issued, (ii) the maximum number of Shares available for issuance under the Plan have been issued or (iii) the Board terminates the
Plan in accordance with Section 12(a). However, unless otherwise expressly provided in the Plan or in an applicable Award Document, any Award theretofore granted may extend beyond such date, and the authority of the Committee to amend, alter,
adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date. 

Section 17. Section 409A and Section 457A of the Code. With respect to
Awards subject to Section 409A or Section 457A of the Code, the Plan is intended to comply with the requirements of Section 409A and Section 457A of the Code, and the provisions of the Plan and any Award Document shall be
interpreted in a manner that satisfies the requirements of Section 409A and Section 457A of the Code, and the Plan shall be operated accordingly. If any provision of the Plan or any term or condition of any Award would otherwise frustrate
or conflict with this intent, the provision, term or condition will be interpreted and deemed amended so as to avoid this conflict. If an amount payable under an Award as a result of the Participant’s Termination of Service (other than due to
death) occurring while the Participant is a “specified employee” under Section 409A of the Code constitutes a deferral of compensation subject to Section 409A of the Code, then payment of such amount shall not occur until six
months and one day after the date of the Participant’s Termination of Service, except as permitted under Section 409A of the Code. If the Award includes a “series of installment payments” (within the meaning of
Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), the Participant’s right to the series of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment, and if the Award
includes “dividend equivalents” (within the meaning of Section 1.409A-3(e) of the Treasury Regulations), the Participant’s right to the dividend equivalents shall be treated separately from the right to other amounts under the
Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Plan or any Award Document is not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any taxes, penalties,
interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A or Section 457A of the Code. 

Section 18. Data Protection. By participating in the Plan, the Participant consents to the holding and processing of personal
information provided by the Participant to the Company or any Affiliate, trustee or third party service provider, for all purposes relating to the operation of the Plan. These include, but are not limited to: 

(i) administering and maintaining Participant records; 

  
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 (ii) providing information to the Company, Affiliates, trustees of any employee benefit trust,
registrars, brokers or third party administrators of the Plan; 
 (iii) providing information to future purchasers or merger partners of the
Company or any Affiliate, or the business in which the Participant works; and 
 (iv) transferring information about the Participant to any
country or territory that may not provide the same protection for the information as the Participant’s home country. 

Section 19. Governing Law. The Plan and each Award Document shall be governed by the laws of the Cayman Islands. The Company, its
Affiliates and each Participant (by acceptance of an Award) irrevocably submit, in respect of any suit, action or proceeding related to the implementation or enforcement of the Plan, to the exclusive jurisdiction of the competent courts in the
Cayman Islands. 
 Section 20. Definitions. As used in the Plan, the following terms shall have the meanings set forth below:

 (a) “Affiliate” means (i) any entity that, directly or indirectly, is controlled by the Company, (ii) any
entity in which the Company, directly or indirectly, has a significant equity interest, in each case as determined by the Committee and (iii) any other entity which the Committee determines should be treated as an “Affiliate.” 

(b) “Award” means any Option, SAR, Restricted Stock, RSU, Performance Award or Other Stock-Based Award granted under the Plan.

 (c) “Award Document” means any agreement, contract or other instrument or document, which may be in electronic format,
evidencing any Award granted under the Plan, which may, but need not, be executed or acknowledged by a Participant. 
 (d)
“Beneficiary” means a person entitled to receive payments or other benefits or exercise rights that are available under the Plan in the event of the Participant’s death. If no such person is named by a Participant or is deemed
his legal successor, or if no Beneficiary designated by the Participant is eligible to receive payments or other benefits or exercise rights that are available under the Plan at the Participant’s death, such Participant’s Beneficiary shall
be such Participant’s estate. 
 (e) “Board” means the board of directors of the Company. 

(f) “Cause” means, with respect to any Participant, “cause” as defined in such Participant’s employment
agreement with the Company, if any, or if not so defined, except as otherwise provided in such Participant’s Award Document, such Participant’s: 

  
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 (i) indictment for any crime (A) constituting a felony, or (B) that
has, or could reasonably be expected to result in, an adverse impact on the performance of a Participant’s duties to the Company or any of its subsidiaries, or otherwise has, or could reasonably be expected to result in, an adverse impact to
the business or reputation of the Company or any of its subsidiaries; 
 (ii) having been the subject of any order, judicial
or administrative, obtained or issued by the Securities and Exchange Commission for any securities violation involving fraud, including, for example, any such order consented to by the Participant in which findings of facts or any legal conclusions
establishing liability are neither admitted nor denied; 
 (iii) conduct, in connection with his or her employment or
service, which is not taken in good faith and has, or could reasonably be expected to result in, material injury to the business or reputation of the Company or any of its subsidiaries; 

(iv) willful violation of the Company’s code of conduct or other material policies set forth in the manuals or statements
of policy of the Company or any of its subsidiaries; 
 (v) willful neglect in the performance of a Participant’s duties
for the Company or any of its subsidiaries or willful or repeated failure or refusal to perform such duties; 
 (vi) breach
of any restrictive covenant obligations set forth in an Award Document, including but not limited to confidentiality, non-compete, non-solicitation obligations; 

(vii) material breach of any applicable employment agreement or other agreement with the Company; or 

(viii) conduct, in connection with his or her employment or service. 

The occurrence of any such event described in clauses (ii) through (v) that is susceptible to cure or remedy shall not constitute Cause if
such Participant cures or remedies such event within 30 (thirty) days after the Company provides notice to such Participant. 
 (g)
“Change in Control” means the occurrence of any one or more of the following events: 

  
 14 

 (i) a direct or indirect change in ownership or control of the Company effected
through one transaction or a series of related transactions within a 12-month period, whereby any Person other than the Company, directly or indirectly acquires or maintains beneficial ownership of securities
of the Company constituting more than 50% of the total combined voting power of the Company’s equity securities outstanding immediately after such acquisition; 

(ii) at any time during a period of 12 consecutive months, individuals who at the beginning of such period constituted the
Board cease for any reason to constitute a majority of members of the Board; provided, however, that any new member of the Board whose election or nomination for election was approved by a vote of at least a majority of the directors then
still in office who either were directors at the beginning of such period or whose election or nomination for election was so approved, shall be considered as though such individual were a member of the Board at the beginning of the period, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; 
 (iii) the consummation of a merger or consolidation
of the Company or any of its subsidiaries with any other corporation or entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing
to represent (either by remaining outstanding or being converted into voting securities of the surviving entity or, if applicable, the ultimate parent thereof) at least 50% of the combined voting power and total fair market value of the securities
of the Company or such surviving entity or parent outstanding immediately after such merger or consolidation; or 
 (iv) the
consummation of any sale, lease, exchange or other transfer to any Person (other than an Affiliate of the Company), in one transaction or a series of related transactions within a 12-month period, of all or
substantially all of the assets of the Company and its subsidiaries. 
 Notwithstanding the foregoing or any provision of any Award Document to the
contrary, for any Award to which Section 17 applies that provides for accelerated distribution on a Change in Control of amounts that constitute “deferred compensation” (as defined in Section 409A of the Code), if the event that
constitutes such Change in Control does not also constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets (in either case, as defined in Section 409A of
the Code), such amount shall not be distributed on such Change in Control but instead shall vest as of the date of such Change in Control and shall be paid on the scheduled payment date specified in the applicable Award Document, except to the
extent that earlier distribution would not result in the Participant who holds such Award incurring any additional tax, penalty, interest or other expense under Section 409A of the Code. 

  
 15 

 (h) “Code” means the United States Internal Revenue Code of 1986, as amended
from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Code shall include any successor provision thereto. 

(i) “Committee” means the Compensation Committee of the Board or such other committee as may be designated by the Board. If
the Board does not designate the Committee, references herein to the “Committee” shall refer to the Board. 
 (j) “Exchange
Act” means the United States Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto.

 (k) “Fair Market Value” means (i) with respect to a Share, the closing price of a Share on the date in question (or,
if there is no reported sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock market or exchange on which the Shares are quoted or traded, or if Shares are not so quoted or traded, the fair market
value of a Share as determined by the Committee, and (ii) with respect to any property other than Shares, the fair market value of such property determined by such methods or procedures as shall be established from time to time by the
Committee. 
 (l) “Good Reason” means, with respect to any Participant, “good reason” as defined in such
Participant’s employment agreement with the Company, if any, or if not so defined, except as otherwise provided in such Participant’s Award Document, the occurrence of any one or more of the following events: 

(i) a material diminution in the Participant’s base salary; or 

(ii) a relocation of the Participant’s principal place of employment more than fifty (50) miles from its location;

 in each case, without the Participant’s consent. A Participant must provide notice to the Company of the existence of any one or more of the
conditions described in (i) through (ii) above within sixty (60) days of the initial existence of the condition, upon the notice of which the Company will have a period of thirty (30) days during which it may remedy the condition
before the condition gives rise to Good Reason. 
 (m) “Initial Public Offering Date” means the closing date of the
Company’s initial public offering of the Company’s Class A common shares. 

  
 16 

 (n) “Non-Employee Director” means a
member of the Board who is not an employee of the Company or an Affiliate. 
 (o) “Option” means an option representing the
right to acquire Shares from the Company, granted in accordance with the provisions of Section 5. 
 (p) “Other Stock-Based
Award” means an Award granted in accordance with the provisions of Section 9. 
 (q) “Participant” means the
recipient of an Award granted under the Plan. 
 (r) “Performance Award” means an Award granted in accordance with the
provisions of Section 8. 
 (s) “Performance Period” means the period established by the Committee at the time any
Performance Award is granted or at any time thereafter during which any performance goals specified by the Committee with respect to such Award are measured. 

(t) “Person” means a natural person or a partnership, company, association, cooperative, mutual insurance society, foundation
or any other body which operates externally as an independent unit or organisation. 
 (u) “Replacement Award” means an
Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines. 

(v) “Restricted Stock” means any Share granted in accordance with the provisions of Section 7. 

(w) “RSU” means a contractual right granted in accordance with the provisions of Section 7 that is denominated in Shares.
Each RSU represents a right to receive one Share. Awards of RSUs may include the right to receive dividend equivalents. 
 (x)
“SAR” means any right granted in accordance with the provisions of Section 6 to receive upon exercise by a Participant or settlement the excess of (i) the Fair Market Value of one Share on the date of exercise or
settlement over (ii) the exercise price of the right on the date of grant, or if granted in connection with an Option, on the date of grant of the Option. 

(y) “Shares” means Class A common shares of the Company. 

(z) “Termination of Service” means: 

  
 17 

 (i) in the case of a Participant who is an employee of the Company or an
Affiliate, cessation of the employment relationship such that the Participant is no longer an employee of the Company or any subsidiary; 

(ii) in the case of a Participant who is a Non-Employee Director, the date that the
Participant ceases to be a member of the Board for any reason; or 
 (iii) in the case of a Participant who is a consultant
or other advisor, the effective date of the cessation of the performance of services for the Company or any subsidiary; 
 (aa) provided,
however, that in the case of an employee, the transfer of employment from the Company to an Affiliate, from an Affiliate to the Company, from one Affiliate to another Affiliate or, unless the Committee determines otherwise, the cessation of
employee status but the continuation of the performance of services for the Company or an Affiliate as a member of the Board or a consultant or other advisor shall not be deemed a cessation of service that would constitute a Termination of Service;
and provided further, that a Termination of Service will be deemed to occur for a Participant employed by an Affiliate when an Affiliate ceases to be an Affiliate, unless such Participant’s employment continues with the Company or
another Affiliate. 
 (bb) “Unrestricted Stock” means any Shares issued, granted or sold by the Company in accordance with
the provisions of Section 7 that do not include any restrictions on vesting, but may include restrictions on the transferability of Shares or any other restrictions as the Committee may impose as set forth in the applicable Award Document. 

  
 18EX-10.9

 Exhibit 10.9 

CONFIDENTIAL TREATMENT REQUESTED—REDACTED COPY 

Confidential Treatment has been requested for portions of this Exhibit. Confidential 

portions of this Exhibit are designated by [*****]. A complete version of this Exhibit has 

been filed separately with the Securities and Exchange Commission. 

			
	

	  	

 SUPPLY AGREEMENT 

The following parties enter into this private instrument in strict compliance with the law: 

 

	(I)	 STONE PAGAMENTOS S.A., a publicly-held company, headquartered in the City of São Paulo,
State of São Paulo, at Rua Fidêncio Ramos, 308, 10o andar, conjunto 102, Vila Olímpia, CEP 04551-010, enrolled with the National Roll of Legal Entities of the Ministry of Finance
(“CNPJ/MF”) under No. 16.501.555/0001-57, herein represented in accordance with its Bylaws (“Stone”); 

 

	(II)	 PAX BR COMERCIO E SERVICOS DE EQUIPAMENTOS DE INFORMATICA LTDA., a limited liability company,
headquartered in the City of Cotia, State of São Paulo, at Rua Santa Mônica, No. 1391, Lote: 03; Quadra: AH, Parque Industrial San Jose, CEP 06.715-865, enrolled with the National Roll of
Legal Entities of the Ministry of Finance (“CNPJ/MF”) under No. 11.603.135/0001-68, herein represented pursuant to its Articles of Incorporation (“PAX”); and

  

	(III)	 TRANSIRE FABRICAÇÃO DE COMPONENTES ELETRONICOS LTDA., a limited liability company
headquartered in the city of Manaus, State of Amazonas, at Avenida Oitis, 2449, CEP 69089-035, enrolled with the National Roll of Legal Entities of the Ministry of Finance
(“CNPJ/MF”) under No. 21.785.364/0001-02, herein represented pursuant to its Articles of Incorporation (“Transire”). 

PAX, Transire and Stone shall hereinafter be collectively referred to as “Parties” and individually as “Party”, and PAX and
Transire shall hereinafter be collectively referred to as “Contractors”. 
 NOW, THEREFORE, THE PARTIES RESOLVE to enter into this
Supply Agreement (“Agreement”), which shall be governed by the following terms and conditions: 
 1.    OBJECT

 1.1.    The object of this Agreement is the supply, by the Contractors to Stone, of movable property, as described in the Annexes
to this Agreement (“Supply”). The Supply and its peculiarities, deadlines, prices, adjustments and conditions are specified in the Annexes attached hereto, which are integral and inseparable parts of it. 

 

 
  

 1.1.1.    If there is a divergence between the Annexes and the terms and conditions of
this Agreement, the Agreement shall prevail over for all legal and de facto purposes. 
 1.1.2.    For the understanding and
construction of the Agreement, some definitions, written in capitalized letters, both in the singular and plural forms, as applicable, and defined in the Contract and in the Annexes attached hereto are hereby adopted. 

2.    STONE’S OBLIGATIONS 

2.1.    Stone hereby undertakes to pay for the Supply in accordance with Clause 4 below. 

2.2.    Stone shall notify Contractors in writing, inclusively by e-mail, of any irregularities
found in the Supply, for Contractors’ immediate remediation, under penalty of Termination of the Agreement for Cause. 

3.    CONTRACTORS’ OBLIGATIONS 

3.1.    The Contractors shall comply with any and all rules and/or procedures determined by Stone for the Supply, as amended from time to
time, taking all necessary steps to do so. 
 3.2.    The Contractors shall immediately replace any service provider allocated to the
Supply, whenever required and requested by Stone, at no additional cost, provided the need is duly proven. 
 3.3.    The Contractors
shall be liable for any and all taxes (such as taxes, fees, emoluments, tax and parafiscal, etc.) that are assessed or might be assessed on the Supply, without the right to reimbursement, except in the case where Stone is the withholding source, in
accordance with the applicable law. In this case, Stone will deduct and collect directly the taxes required by the current regulation. 

3.4.    The Parties undertake to indemnify each other and hold them harmless for any and all losses that have been proven to have been
incurred (including, without limitation, due to fines and/or penalties) as a result of the direct or indirect noncompliance with any obligations provided for hereunder or in the Annexes. If the Party makes any payment arising from the losses
incurred, the other Party shall reimburse it and may also discount and/or offset any amounts due and/or payments corresponding to losses incurred hereunder from any amounts that might be due. 

  

 

 
  

 3.5.    For purposes of this Agreement, “Losses” means any claims,
administrative and legal proceedings filed by third parties including, but not limited to, Stone, including after the expiration of the term of this Agreement, and the Contractors are hereby required to bear any and all losses, obligations, demands,
liabilities, constrictions, damage, fines, costs or expenses, attorney’s and other experts’ fees, legal fees borne by the loser, as well as legal costs or any interest, fine or penalty, whether they have already been incurred or are to be
incurred in the future by Stone in this sense, and Stone is hereby allowed, in this case, to withhold and/or offset the amounts due to Contractors to cover any Loss. 

3.6.    Except when expressly authorized by Stone, the Contractors and their agents are hereby aware that they shall not be able to make
any declaration, undertake any obligation or receive any payment on Stone’s behalf. 
 3.7.    The Contractors hereby undertake to
comply with and require their agents to comply with all the rules related to a worker’s health and safety, including required personal protective equipment and determine its proper use in order to prevent any work accident. 

3.8.    Notwithstanding the foregoing, Stone reserves itself the right to demand from the Contractors, at any time, any other documents
that it deems proper to the Supply that is the subject matter hereof, and the Contractors shall, in turn, be required to provide such documents within two (2) business days of Stone’s notice in this regard, under penalty of Termination of
this Agreement for Cause. 
 3.9.    Contractors may use Stone’s names and/or marks under the strict terms of this Agreement, upon
the prior and express consent of Stone, in the forms, colors and models indicated and previously approved by Stone, and it may not alter or use them improperly or in such a way that violate Stone’s property rights. Any use outside these limits
shall result in the payment of an indemnity by the Contractors to Stone. The use of Stone’s names and/or trademarks does not transfer to the Contractors any intellectual property rights that Stone holds or might create, build or acquire. 

  

 

 
  

 3.10.    The Contractors are required to make available the equipment with the insertion
of the map of cryptographic keys in version 1.08 or higher, with the respective cryptographic keys of the accreditors indicated in said map, under the terms and conditions indicated by ABECS. 

4.    THE PRICE 

4.1.    Stone shall pay to the Contractors, for the Supply, the amount set forth in the Annexes attached hereto, which shall include all
costs and expenses involved. The Contractors hereby declare that they are aware and agree that no further payment under the title of reimbursement or additional expense shall be made by Stone. 

4.2.    In the event of extenuating circumstances that could impair the economic-financial balance of this Agreement, the Parties may
propose changes in the compensation and/or any conditions referred to herein, upon written notice to the Contractors. In the event the Parties do not reach an agreement within thirty (30) days from the date of remittance of the notice, either
Party may terminate this Agreement without incurring any liens and/or penalties. In the event that the Parties determine there is a financial loss related to this Agreement, the Contractors undertake the responsibility to comply with the new amount
and the conditions proposed during the term established in this Clause. 
 4.2.1.    Notwithstanding the provision of the
introduction (caput) of this Clause, the amount due as a result of this Agreement, and its respective purchase orders, shall not be arbitrarily increased by the Contractors, not even due to changes in the applicable tax rate. In the event of
any request by the Contractors to this effect, the original conditions of the purchase orders shall necessarily be maintained for at least 90 (ninety) days, after which Stone may terminate the Contract without incurring any penalty if the Parties
fail to reach an agreement on the new conditions, committing to acquire the personalized equipment until the termination date, if the Contractors present an inventory with descriptions of such equipment. 

4.3.    The Contractors shall issue invoices/bills of service by the [*****] and said invoice shall be sent by e-mail to Stone within [*****] after issuance. 
 [*****] Confidential material redacted and filed separately with the
Securities and Exchange Commission. 

  

 

 
  

 4.4.    The email addresses for the remittance shall be informed by Stone and the
invoice/bill of service shall be sent only to those addresses. In case of e-mail address change, Stone shall inform the Contractors. Only invoices/bills of service sent by
e-mail shall be considered, and the invoices/bills of service sent by mail shall not be accepted. 

4.5.    In case of delay by the Contractors to submit the invoice/bill of service within 48 (forty-eight) hours after their issuance, the
deadline for payment by Stone of the corresponding amounts shall be automatically extended by the same number of days equivalent to the delay by the Contractors, without the application of any penalties to Stone. 

4.6.    If invoices/bills of service have been issued incorrectly or in disagreement with current legislation, the deadline for payment
will be counted from the day of their correct resubmission. 
 4.7.    Should any item be challenged, Stone shall release the
uncontroversial amount until the parties reach an agreement on the disputed amount. 
 4.8.    The invoices/bills of service shall be
due within [*****] from the receipt of the equipment at the Distribution Center with the due approval of the quality control. 

4.9.    All invoices/bills of service shall indicate in the Note field the month and/or period of reference of the Supply. 

4.10.    The invoices/bills of service shall be paid by bank deposit, in which case the Contractor shall be required to inform the bank
details for the deposit in the Note field. 
 4.11.    The bank details for deposit shall belong to a person with the same CNPJ number
of the invoice and both must correspond to the Contractors. No payment under this Contract shall be made to third parties. 
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

 

 
  

 5.    EFFECTIVENESS 

5.1.    This Agreement shall be in force for an indefinite period, as of the date of its execution and may be terminated by either Party,
by written notice by one of the Parties to the other, at least thirty (30) days in advance. In any case of termination, the Contractors must comply with the deadlines for the delivery of equipment provided for in the purchase orders already
posted. Stone shall comply with the payment conditions set forth herein related to the equipment ordered by the date of submission of the notice referred to herein. 

5.1.1.    Notwithstanding Clause 5.1, in the event Stone receives the notice for termination and assesses that the interruption of the
Supply may impact its operation, Stone may counter-notice the Contractors, setting a new Delivery term, in order to transfer the Supply to another contractor (“Transfer Period”). Stone undertakes the responsibility to carry out the
transfer as quickly as possible, and the Transfer Period shall not exceed six (6) months counted from the date of the counter-notification sent by Stone. 

5.2.    Either Party may terminate this Agreement immediately if the other Party: 

(i)    Has a judicial or extrajudicial recovery suit filed against it or had its bankruptcy ordered; or 

(ii)    Performs activities deemed illegal or wrongful. 

5.3.    Without prejudice to other terms and conditions, this Agreement may be immediately terminated for cause by Stone, without the need
of prior notice, in the following cases, without prejudice to the respective indemnity, by the Contractors to Stone (“Termination for Cause”): 

a)    Contractors’ failure to comply with any obligations hereunder and/or related to the Supply; 

b)    Assignment or transfer of the Contract by the Contractors, in whole or in part, without prior notice to Stone; 

c)    Change in the nature of Contractors’ business (corporate purpose), their addresses, registration data, corporate structure,
partners and/or officers without prior notice to Stone; 
 d)    If the authorizations, concessions, licenses and permits required for
the regular performance of the Contractors’ activities or for the performance of any obligation under this instrument are not renewed or if they are canceled, revoked or suspended; 

e)    A statement made or deemed to have been made by the Contractors is incorrect or misleading; 

f)    If the Contractors are found to be in violation or if an investigative proceeding is started in order to establish a breach by
themselves and/or their respective officers and/or shareholders of a legal or 

  

 

 
  

 
regulatory norm related to the practice of corruption or acts harmful to the public administration, under any jurisdiction, including, without limitation, Law No. 12.846/13 or if, as a
direct or indirect result of any action or omission by any of its officers and/or shareholders, its reputation is adversely affected; or 

g)    If the Contractors suffer an adverse change in their financial and/or equity status if there are events that may affect their
operational, legal or financial capacity. 
 6.    NOTICES BY THE PARTIES 

6.1.    Notifications, communications and notices shall be sent by the Parties, always in writing, upon return of receipt, e-mail or acknowledgment of receipt, and delivered to the following addresses: 
 For Stone: 

C/o: Legal with copy to Logistics 
 Address: Rua Fidêncio
Ramos, no 308, Torre A, 10o andar, Vila Olímpia, São Paulo – SP 
 E-mail:
juridico@stone.com.br with copy gcoutinho@stone.com.br with copy ymarinho@stone.com.br 
 E-mail
for remittance of invoices: rtrevizano@stone.com.br; vlino@stone.com.br; isabela.puglisi@stone.com.br; ymarinho@stone.com.br; nfe@stone.com.br 

For PAX: 
 C/o: Tiago Cabral 

Address: Rua Santa Monica, n° 1391, Lote: 03; Quadra: AH; Parque Industrial San Jose, zip code 06.715-865 

E-mail: tcabral@paxbr.com.br; juridico@paxbr.com.br 

For Transire: 
 C/o: Tiago Cabral 

Address: Avenida Oitis, 2449, CEP 69089-035 

E-mail: juridico@transire.com.br 

6.2.    The Parties shall keep their respective registration data up to date, informing the other party about any changes to the data
provided. 

  

 

 
  

 7.    OBLIGATION TO KEEP DATE CONFIDENTIAL AND SECURE 

7.1.    The Parties undertake to maintain strict confidentiality on any information, industrial or commercial secrets or ideas of a
confidential nature of the other Party to which it has access (“Confidential Information”) and use the same means that they use for the protection of their own confidential information, and require the parties engaged by them in the
development of the subject matter of the Agreement to ensure the confidentiality of this information, and the disclosing party may require the other Party to obtain confidentiality agreements from these third parties under the same terms as this
clause, before its disclosure. 
 7.2.    Confidential Information may only be disclosed to third parties involved in the development of
the subject matter of the Agreement to the extent that such disclosure is required. 
 7.3.    The following information is not deemed
Confidential Information if (i) it is in the public domain prior to its receipt by the receiving Party; (ii) it falls into the public domain as a result of publication or otherwise in any manner authorized by the Party which held it,
without any breach of this Agreement by the receiving Party ; (iii) it was lawfully known by the other Party prior to its disclosure (as evidenced by documentation in the possession of the receiving Party); (iv) it is independently developed by the
receiving Party or any of its representatives (as evidenced by documentation in the possession of the receiving Party or its representatives); and (v) the Disclosing Party agrees, in writing, it is not subject to any non-disclosure obligations. 
 7.4.    The Parties undertake to (i) not use the Confidential
Information for any purpose other than those related to the subject matter of this Agreement; (ii) not use, retain or duplicate the Confidential Information for the creation of any file, list or database for its private use or for third
parties’ use, except where expressly and previously authorized by the other Party; (iii) neither amend or tamper with Confidential Information in any way, nor subtract or add any element to this information; (iv) keep materials that
contain or are related to the Confidential Information filed under the a “confidential” category in restricted access areas, in order to prevent its access, loss, use, reproduction or disclosure to third parties that are strange to this
Agreement; (v) keep the Confidential Information held by its computers or in any type of hardware with personal access protected by password and made available exclusively to the persons involved in the subject matter of the Agreement. 

  

 

 
  

 7.5.    The Parties undertake to notify the other Party in advance of the need to
disclose the Confidential Information as a result of compliance with a judicial or administrative order. 
 7.6.    The Contractors
hereby declare that they are aware and agree that Stone shall provide information, including Confidential Information, in compliance with the law, regulatory acts from governmental authorities and agencies or even the rules of the Card Industry.

 7.7.    The Parties undertake the responsibility to immediately notify the other Party, in the event of unauthorized disclosure of
any Confidential Information, and detail the acts performed to correct the cause of such unauthorized access, as well as defend and claim in favor of the other Party, in court, if necessary, all the rights it holds under this Agreement or provided
by law, and compensate it for any damages arising from such disclosure. 
 7.8.    The Contractors undertake the obligation to comply
with all information security requirements set forth by Stone, the Payment Arrangement Organizers and/or the PCI Security Standards Council, according to the most
up-to-date version available on its website (https://www.pcisecuritystandards.org/), renewing the certifications in accordance with the deadlines established by said
rules, and it must store only the Confidential Information required for the operation. 
 7.9.    The Parties are responsible for the
security of all information provided, as well as for any unauthorized use of such information, regardless whether such unauthorized use is made by Customer or any other third party who has access to the information due to any Stone’s action.

 7.10.    The Contractors accept and agree that representatives of Stone and/or of the group of individuals or legal entities (Stone,
national or foreign, banking or non-banking institutions authorized by the payment arrangement organizers, partners or any other financial institution that holds the licenses of use of the payment arrangement
organizers, service providers, suppliers, among others) that, according to the rules, procedures and contracts that regulate the activity, and with the use, in an interconnected manner, of the operational technology and adequate equipment, carry out
capture, routing, transmission, processing and financial settlement operations of the payments transactions, in order to enable the management of payments through the use of cards and/or other means of payment (other members of the “Stone
System”), may inspect, upon prior notice and indication, their offices, books and records, point of sale terminals, hardware and software, for the specific purpose of verifying whether the Confidential Information is securely stored and
processed. 

  

 

 
  

 7.11.    Upon termination of this Agreement, for any reason or at the request of the
Party, the other Party shall return all originals and copies of the Confidential Information of the other Party in its possession, fixed on any tangible media, and delete such information from its files, database and hardware. 

7.12.    The contractual duty of confidentiality of the Confidential Information shall remain in effect for the duration of this Agreement
and for a term of five (5) years from its termination, without prejudice to the fact that the legal duty of confidentiality in relation to Confidential Information that is considered a trade secret under the applicable law shall remain in force
for an indefinite period until such Confidential Information ceases to have such feature. 
 8.    RESPONSIBILITY FOR THIRD PARTY
CLAIMS 
 8.1.    Any indemnity payable by Stone to the Contractors pursuant to this Agreement shall be limited to direct damages,
calculated in a final and unappealable judgment, excluding any obligation to indemnify indirect damages or loss of profits, pain and suffering, social damages, punitive damages, as well as damages arising from contracts with third parties entered
into by the Contractors on a voluntary basis. In any event, the indemnity payable by Stone shall be limited to the amount corresponding to the Supply paid to the Contractors in the last three (3) months prior to the action or omission that
generated the indemnification obligation provided for herein. 
 8.1.1. Stone shall employ its best efforts to exclude the Contractors from any judicial,
extrajudicial or administration action that revolve around client relationship, installation services, or applications inserted in the equipments, which are of Stone responsibility, and in the event of the impossibility of such exclusion, Stone
shall reimburse the Contractors for all documented costs relating to the defense and compliance of the Contractors. 
 8.2.    In the
event of Stone being sued, administratively, in court or not, by any labor, tax or civil liability, by any third party, including subcontractors, tax authorities, employees, contractors or any third party involved in any way with the Contractors,
for an act derived from Contractors, for which they are culpable or not, Contractors are responsible for taking immediate responsibility for the obligations required in said proceedings, holding Stone exempt from any liability and/or losses. 

  

 

 
  

 8.3.    The Contractors will use their best efforts to exempt Stone from any claim under
the terms of the Clause above. In the event that the Contractor’s efforts are not able to exclude Stone from any of the aforementioned judicial, extrajudicial or administrative claims, and/or in the event that Stone chooses to defend itself,
the Contractors shall immediately bear any and all costs, expenses and/or charges related to the claim, including attorney’s fees and legal costs due to defeat, and transportation, food and lodging expenses, as well as all other expenses
required to defend itself and in case of its conviction. 
 8.4.    The Contractors shall reimburse Stone for any costs and expenses
duly evidenced and related to judicial, extrajudicial or administrative claims, such as, but not limited to, attorney’s fees and legal costs from defeat, as well as, travel, food and lodging expenses. 

8.5.    This Agreement does not create any employment relationship between the employees of the Contractors and Stone, including its
subcontractors or agents, and all expenses of such Employees shall be borne exclusively by their employers and Contractors herein, including the charges arising from current labor, social security or fiscal or severance fund law. 

8.6.    Stone may request from the Contractors, at any time, the vouchers and certificates proving the payment of labor, tax and severance
fund obligations related to its employees. The Contractors agree that Stone may, at its sole discretion and at any time, audit the Contractors on any information and/or document aiming at checking the compliance with the provisions of this Clause
and the Agreement. The audit referred to herein may be carried out by Stone or by a third party appointed and compensated by it, and the Contractors shall at all times ensure wide and unrestricted access to all relevant documents. 

9.    COMBATTING AND PREVENTING CORRUPTION AND MONEY LAUNDERING 

9.1.    The Contractors declare, for themselves and their Representatives, as defined below, that they act in accordance with all laws,
regulations, manuals, policies, and any provisions related to the combatting and prevention of corruption and money laundering, including, but not limited to: (i) applicable Brazilian law, (ii) the Foreign Corrupt Practices Act (FCPA),
(iii) the UK Bribery Act; (iv) international conventions and covenants to which Brazil is a signatory, and (v) Stone’s policies and manuals. 

  

 

 
  

 9.2.    Representatives. For the purposes of this Clause,
“Representatives” shall be deemed to be all persons who are members of its economic groups, partners, directors, officers, partners, attorneys, advisors, consultants, employees, agents, subcontractors or any third parties directly or
indirectly related to the Contractors, as well as any individual or legal persons, including those who directly or indirectly exercise control over such legal entity, as well as its controlling companies, subsidiaries, affiliates, related companies
and companies under common control, pursuant to Law No. 6404/1976, as amended. 
 9.3.    The Contractors hereby declare that they
are aware of Stone’s policies that involve combating and preventing corruption and money laundering and that it has not performed, performs and shall not perform any act or practice that directly or indirectly involves gifts, promises, bribery,
extortion, authorization, request, acceptance, payment, delivery or any other act related to improper pecuniary advantage or any other illegal favor in disagreement with the above mentioned and applicable law. 

9.4.    The Contractors undertake to inform Stone and to deliver training to all their Representatives on the provisions set forth in this
Clause and on practices involving the combatting and prevention of corruption and money laundering, as well as implement, if not already implemented, policies, conducts and rules that are consistent with the practices established herein. 

9.5.    The Contractors undertake to inform Stone if any of their Representatives have already exercised or exercise a Public Authority
function, as defined below, as well as all family relations or close personal relationships concerning their Representatives with any Public Authority. 

9.6.    Public Authority. For the purposes of this Clause, “Public Authority” shall mean, but is not limited to, any
person, agent, employee or third party engaged in activities in departments, institutions, associations, entities or agencies of the direct or indirect public administration, as well as any employee, family member, relative or next of kin. 

9.7.    Any failure to comply with the provisions set forth herein by the Contractors or their Representatives shall be considered a
serious breach and may result in termination by Stone, which may, at its sole discretion, automatically withhold payment for services and/or suspend the obligations arising from this Agreement. Any breach of this Clause, by the Contractors or their
Representatives, shall also give rise to the obligation to indemnify Stone for any losses and damages caused. 

  

 

 
  

 9.8.    During the term of this Agreement, the Contractors may not subcontract any agent,
service provider, consultant, distributor, supplier, among others, without Stone’s prior and express consent. 
 9.9.    The
Contractors undertake the responsibility to promptly notify Stone in the event of any breach, suspected violation or any irregular situation arising out of Stone’s internal policies and conduct, as well as the Brazilian anti-money laundering
and corruption laws and regulations, and international agreements and covenants that regulate the subject. 
 10.    SOCIAL LIABILITY

 10.1.    The Parties represent that they are in compliance with the prevailing labor legislation, undertaking to: (i) not
make use of forced or compulsory labor, (ii) not subject their employees to conditions similar to slave labor, and (iii) not use child labor in activities related to the performance of this Agreement. 

10.2.    The Parties undertake not to carry out any kind of discriminatory act in their contracting, respecting the dignity of the human
person and the current constitutional norms of the Country. 
 10.3.    The Parties agree to prohibit any form of harassment with
respect to their employees and service providers. 
 10.4.    The Parties undertake to comply with the laws in force in Brazil,
including those related to health and safety at work, in addition to complying with the good environmental practices and law, if applicable, in order to minimize risks and reduce the environmental impacts. 

11.    THE OPERATIONAL RISKS 

11.1.    The Contractors shall implement an operational risk management structure that provides, at least: (i) a contingency plan and
other mechanisms that ensure the continuity of services rendered; (ii) mechanisms for the protection and security of data stored, processed or transmitted; (iii) mechanisms for the protection and security of networks, electronic sites,
servers and communication channels aiming to reduce vulnerability to attacks; (iv) procedures to monitor, track and restrict access to sensitive data, networks, systems, databases and security modules; (v) monitoring of data security
failures and end-user 

  

 

 
  

 
complaints in this regard; (vi) review of security measures and data confidentiality, especially after the occurrence of failures and prior to changes in infrastructure or procedures;
(vii) preparation of reports that indicate procedures for correcting identified failures; (viii) testing that ensure the robustness and effectiveness of the data security measures deployed; (ix) segregation of functions in information
technology environments for development, testing and production; (x) proper identification of the end user; (xi) mechanisms for end-user authentication and authorization of payment transactions;
(xii) processes to ensure that all payment transactions can be adequately tracked; (xiii) payment transaction monitoring and authorization mechanisms, aimed at preventing frauds, detecting and blocking suspicious transactions in a timely
manner; (xiv) specific evaluations and filters to identify transactions deemed to be high risk; (xv) notification to the end user about any failure to perform a transaction; and (xvi) mechanisms that allow the end user to verify that
the transaction was performed correctly. 
 12.    THE AUDIT 

12.1.    The Contractors shall authorize Stone to take appropriate measures to ensure proper compliance with the Agreement, including the
following: 
 (i)    To allow access to Stone’s internal and external auditors, during the term of the Agreement and for a period of
three years after the final payment under the Contract, to all relevant books, documents, papers and records of the Contractors and involving the transactions covered by the Agreement. All expenses and costs incurred in carrying out audits shall be
borne by Stone. The Contractors must cooperate with Stone, providing the requested information, within reasonable limits. 
 (ii)    The
Contractors shall make available the information and documents necessary for carrying out an audit and/or audit work, with a scope limited to the transactions related to the subject matter of this Agreement. The Parties may, at their discretion,
appoint a representative to follow up the audit work. 
 (iii)    Information arising out of the audit work performed in the manner set
forth above shall be kept confidential by the Contractors, including upon termination of this Agreement, and the disclosure of such information shall be subject to Stone’s prior written consent. 

(iv)    Any information and/or document for the purpose of verifying compliance with the provisions of Clause 9 above. 

  

 

 
  

 13.    GENERAL PROVISIONS 

13.1.    The Contractors are solely and exclusively liable before their employees and agents, and shall bear all expenses incurred,
including the charges established by current labor, social security, severance fund (FGTS) or any other law. 
 13.2.    This Agreement
has no exclusive nature. 
 13.3.    This Agreement may be supplemented and/or amended by amendments executed by the Parties. 

13.4.    The forbearance of the Parties for any breach of obligations undertaken herein shall not be deemed a waiver of any right, but
otherwise a mere tolerance, and shall not prevent the Party from requiring the full performance of this Agreement at any time. 

13.5.    It is agreed that all documents and notices exchanged between the Parties shall be valid for the term of this Agreement and its
Annexes, provided they are duly initialed and signed by the Parties hereto. 
 13.6.    The Parties acknowledge and agree that this
Agreement shall be valid retroactively from October 2017, the start date of the operation between the Parties. 
 13.7.    The
provisions of this Agreement shall supersede any prior agreements between the Parties regarding the conditions set forth therein. 

13.8.    The Central Court of the city of São Paulo, State of São Paulo , is hereby elected as the venue to resolve any
disputes arising from this Agreement, and the Parties waiver any other, however privileged it may be. 

  

 

 
  

 In witness whereof, the Parties sign this Supply Agreement in two (2) counterparts of equal form and
content, together with two (2) witnesses, so that it may produce all its legal effects. 
 São Paulo, October 15, 2018. 

 

					
			
	 /s/ Sandra Bolfer

/s/ Caio Fiuza
	 		 	/s/ Gilberto Rodrigues de Novaes Filho
	STONE PAGAMENTOS S.A.	 		 	PAX BR COMERCIO E SERVICOS DE EQUIPAMENTOS DE INFORMATICA LTDA.

	
	
	/s/ Gilberto Rodrigues de Novaes Filho
	TRANSIRE FABRICAÇÃO DE COMPONENTES ELETRONICOS LTDA.

 Witnesses: 
  

					
			
	/s/ Leonardo Amaznoas Machado	 		 	/s/ Ana Luisa Constantino Santos
	Name:	 		 	Name:
	ID Card:	 		 	ID Card:

  

 

 
  

 ANNEX I 

1. GENERAL CONDITIONS 
  

	•	 	 For each proposal submitted, PAX shall present a schedule with the delivery dates. A fine will be applied in case
of delayed delivery of equipment. 

  

	•	 	 The Contractors must, at least [*****] in advance, send to Stone the serial numbers and invoices for systemic
entry. 

  

	•	 	 Deliveries must always be made by [*****] on the agreed day. 

 

	•	 	 Deliveries and billing can only be delayed upon Stone’s request within a maximum period of up to [*****].

  

	•	 	 The deadline for all orders is a maximum of [*****] calendar days for D210N and [*****] calendar days for S920.

  

	•	 	 The following shall not be deemed delay in case of Act of God and/or Force Majeure: 

A) Act of God means any of the following situations, provided they are duly proven by the Contractors: 

i. Strike at SUFRAMA 
 ii.
Strike at SEFAZ 
 iii. Strike of all types of carriers used in the operation, provided all means available for completion of delivery
have been exhausted; (INFRAERO and Air Companies) 
 iv. Strike at the Federal Internal Revenue Service (RFB) 

v. Natural Disaster 

2.    Quality Control 
 A Quality
Control (QC) check will be carried out on each item upon receipt of the order. The rejection by QC shall lead to a refusal to receive the order. 
 The
Quality Control process can take up to 5 (five) business days to be completed, as well as the respective refusal. 
 The Contractors shall be subject to a
fine in case of erroneous and/or defective deliveries and/or deliveries refused in QC, under the terms of item 4, below. 
 [*****] Confidential material
redacted and filed separately with the Securities and Exchange Commission. 

  

 

 
  

 3.    Delivery Addresses 

The orders can be delivered at the following addresses: 
  

	•	 	 [*****] 

  

	•	 	 [*****] 

  

	•	 	 [*****] 

  

	•	 	 [*****] 

  

	•	 	 [*****]. 

New delivery locations can be added as required by Stone. 

4.    Fines and Penalties 
 In the
case of late delivery of equipment, a fine of [*****] will be charged in respect to the amount of the invoice(s) per business day of delay, limited to [*****]. In the event of a delay of more than ten (10) business days, Stone may cancel the
purchase, free of charge, as long as the delay is not caused by a verifiable Act of God, as specified in Annex I (A). 
 In the case of failure in passing
Quality Control, or in case of tax or serial number divergences that make it impossible for Stone to make entries on the system (or if the serial number has not been informed by electronic file prior to delivery), PAX has the deadline indicated
below to regularize the problem given Stone’s notice of non-conformance by e-mail. After this deadline, the period from Stone’s notice to the day of
regularization shall be considered as days of delay and the same fine above shall be charged. 
  

			
	 REASON
	  	 TERM FOR REGULARIZATION

	Refusal in QC	  	[*****]
	Tax divergence	  	[*****]
	Divergence in Serial Number/No Serial number provided	  	[*****]

 The fine must be paid via debit note and in laboratory services, being: 50% for each modality, and the amount will be
discounted in the payment in the sales note in case of use of debit note. 
 [*****] Confidential material redacted and filed separately with the Securities
and Exchange Commission. 

  

 

 
  

 In the evidence of fault, defects or epidemic defects in the Equipment after their receipt by Stone,
Contractors shall be responsible for the total costs equivalent to the Field Maintenance Service, in effect at the time, for their correction, and all costs incurred (cost of receiving and shipping in the CD, transportation, cost of relationship
with customer (call center), laboratory, among others). 
 Failure, defect, or epidemic defect shall mean any failure arising from the design or engineering
failure, and any and all failures that may occur or have arisen through the external action of Stone and its affiliated establishments shall be excluded from this definition, whether resulting from misuse, handling, storage and/or storage at an
improper place, exposing the product to improper actions. 
 The amount related to this cost shall be paid to Stone by the Contractor via a debit note,
within up to 5 business days after its awareness. 

  

 

 
  

 ANNEX II 
  

	1.	 EQUIPMENT AND SUPPLIES 

 

	 	a)	 The EQUIPMENT to which this contract refers are of the PIN PAD, D180, POS S920, D210N type, which are certified
and have been submitted to homologation by the CUSTOMER itself. 

  

	 	b)	 The EQUIPMENT must be packed in individual boxes, according to the
Mock-up and Art approved by the Customer (in case of customization), and cannot have or suffer any change without prior authorization of the CUSTOMER, or TRANSIRE standard model. 

 

	 	c)	 The EQUIPMENT and its supplies, hereinafter referred to as “KIT”, shall be composed of:

  

	 	(i)	 Equipment, with its respective label, if applicable; 

 

	 	(ii)	 Battery; 

  

	 	(iii)	 Back cover; 

  

	 	(iv)	 Coil Cover; 

  

	 	(v)	 Product Manual; 

  

	 	(vi)	 Power source and power cable duly tied; 

 

	 	d)	 The KIT shall be supplied entirely by TRANSIRE. 

  

 

 
  

 ANNEX III 

Prices 
  

					
	 MODELS
	 	
FIXED VALUE PER UNIT
	 	 VARIABLE PART

	S920	 	$[*****]	 	[*****]
	D210N	 	$[*****]	 	[*****]
	D180	 	$[*****]	 	[*****]

 [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.

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