Document:

EX-10.6

 Exhibit 10.06 

COLOCATION—IP BUSINESS 

PURCHASE ORDER/AGREEMENT No. 16-03868 
  

					
	 FIELD 1

INFORMATION OF THE PARTIES

	CONTRACTOR
	Corporate Name: UOL DIVEO TECNOLOGIA LTDA.
	CNPJ: 01.588.770/0008-36	  	I.E.: 115.313.065.111 (central)	  	I.M.: 4-32775-1
	Address: Av. Ceci, No. 1850	  	City: Barueri
	State: São Paulo	  	Postal Code 06.460-120	  	Telephone: (11) 4689.6777
	CLIENT
	Corporate Name: NS2.COM INTERNET S/A
	CNPJ: 09.339.936/0001-16	  	I.E.: 149.996.138.112
	Address: Rua Vergueiro, 961	  	City: São Paulo
	State: SP	  	Postal Code: 01504-000	  	Telephone: (11) 3028-2280
	 FIELD 2

COMMERCIAL CONDITIONS

	Total Monthly Amount (R$) 72,900.95
	Monthly Colocation Amount (R$) 21,557.66	  	Preparatory Fee (R$) 0.00
	Monthly Access Provision Amount (R$) 41,305.48	  	Additional GB Amount –
Access Provision (R$) 65.00
	Electric power cost installment (R$) 10.037,81	  	Backup Excess Gbyte
Amount (R$) 5.00
	 FIELD 3

COMMERCIAL REMARKS
  

1.1      For the implementation of the engaged scope, the CLIENT shall pay UOL DIVEO the
amount of the Preparatory Fee set forth in Field 2 of this “Purchase Order” within thirty (30) days from the date of execution of the Agreement/Purchase Order.
  

1.1.1. In the event the implementation is not actually achieved for reasons attributable to UOL DIVEO, the CLIENT
shall be entitled to be refunded the full amount paid.
  

1.1.2. In the event the implementation is not actually achieved for reasons attributable to CLIENT, UOL DIVEO
shall be entitled to a penalty of fifty percent (50%) on the Preparatory Fee, and UOL DIVEO may withhold any amounts paid to offset the penalty, and UOL DIVEO shall refund to the CLIENT any amounts in the event the amount paid has exceeded 50% of
the amount set forth in the “Preparatory Fee”.
  

1.1.3. No other amount in addition to those set forth in Section 1.1.2 above shall be due from one party to the
other by virtue of failure to implement.
  

1.2      By virtue of compliance with additional solutions taken by the CLIENT, in
addition to the previously defined scope, the Preparatory Fee may vary in accordance with the investments and funds to be made available by UOLDIVEO.
  

1.3      Monthly installments shall be billed as follows:

 
 1.3.1  The first (1st) monthly installment shall be billed on a pro rata basis due on the tenth (10th) day of the month following that of the delivery of the engaged
Solution, in whole or in part, as agreed by the Parties.
  

1.3.2  The second (2nd) monthly installment and any
others that may be due until completion of the term of effectiveness of the Agreement shall be billed by the twentieth (20th) day and due on the second (2nd) day of the subsequent month.
  

1.4      For products with variable fee, the monthly installment amount may change
according to the actual use of the resources listed and the amounts set out in the Purchase Order.

					
	
	
1.5      The technical characteristics, quantities and options are described in the
exhibits below, and also in the TECHNICAL PROPOSAL UOLDIVEO OPT-16/15697-H, which duly initialed by the Parties becomes an integral part of this Agreement.
  

EXHIBIT I – TECHNICAL SPECIFICATION FOR THE COLOCATION SERVICE
  

EXHIBIT II – COLOCATION SERVICE LEVEL (SLA) WARRANTIES
  

EXHIBIT III – MANAGED SECURITY SERVICE
  

EXHIBIT IV – SERVICE LEVEL AGREEMENT (MANAGED SECURITY SERVICE)
  

1.6      This Purchase Order/Agreement cancels and supersedes Services Agreement No. 153329-01 and the respective amendments thereto.
  

1.7      The Parties agree that the monthly installment of the engaged services, taxes
included, on the date of execution hereof, is comprised as follows:
  
 Total Monthly
Amount (R$) 80,502.38
  
 Total Monthly Colocation (R$) 23,676.49

 
 Monthly Access Provision Amount (R$) 45,515.68

 
 Electric power cost installment (R$) 11,310.21

 
 (*) In case the modality of the 95 percentile in the access provision, the additional
Mbps amount shall be in excess of 15% of the franchise Mbps amount.

	 FIELD 4

UOL DIVEO WEBSITE

	Itaim Bibi ( )	  	Tamboré (X)	  	Glete ( )
	 FIELD 5

CLIENT CONTACT DETAILS

	FIELD 5.1 PERSON IN CHARGE OF COMMERCIAL ASPECTS:
	Name:	  	Telephone:	  	E-mail:
	Danilo Ruza	  	(11) 3028-2280	  	danilo.ruza@netshoes.com
	FIELD 5.2 PERSON IN CHARGE OF TECHNICAL ASPECTS:
	Name:	  	Telephone:	  	E-mail
	Danilo Ruza	  	(11) 3028-2280	  	danilo.ruza@netshoes.com
	FIELD 5.3 PERSON IN CHARGE OF PAYMENTS:
	Name:	  	Telephone:	  	E-mail:
	Danilo Ruza	  	(11)3028-2280	  	danilo.ruza@netshoes.com
	Address to deliver the invoice:	  	 	  	 
	Rua Vergueiro, 961	  	 	  	 
	CEP:	  	City:	  	State:
	01504-000	  	São Paulo	  	SP
	

					
	 FIELD 6

CONDITIONS
  

The undersigned Client agrees with the commercial and technical conditions set out in the Order and Proposal that are an integral part thereof for a term of
twelve (12) months.
  
 This instrument is governed by the Host Agreement
available on http://download.uol.com.br/uoldiveo/contratos/12 alteração—Contrato Padrão IDC UOL DIVEO—arquivado em 09.08.16,- registro n 5.303.290—Ago16.pdf and filed with the 4th Registry of Titles and Documents
of São Paulo, the contents of which the CLIENT represents to be aware of and agrees with in full.
  

1.        All prices set out in Field 2 hereof are net of taxes (including
PIS, COFINS, ISS and ICMS), which shall be added at the time of billing to the tax rates then in force.

	 FIELD 7

AUTHORIZED SIGNATURES

	 Place/Date:

São Paulo, October 21, 2016.
	 	 	 	 
	UOL DIVEO TECNOLOGIA LTDA.
	Signatures: /s/ Siomar de Almeida Torres	 	 	 	Signatures: /s/ Rogildo Torquato Landim
	Name: Siomar de Almeida Torres	 	 	 	Name: Rogildo Torquato Landim
	Title: Chief Financial Officer	 	 	 	Title: CEO – UOL DIVEO
	R.G. 19.713.792	 	 	 	R.G. 15.215.531-4
	NS2.COM INTERNET S/A
	Signatures: /s/ Marcio Kumruian	 	 	 	Signatures: /s/ Graciela Tanaka
	Name: Marcio Kumruian	 	 	 	Name: Graciela Tanaka
	Title:	 	 	 	Title:
	  

FIELD 8
 WITNESSES

	Signatures: /s/ Mariana Veridiano Rocha Kyrillos	 	 	 	Signatures:
	Name: Mariana Veridiano Rocha Kyrillos	 	 	 	Name:
	 Title: Accounts Executive

RG. 30.597.638-2 / CPF.: 299.400.198-58
 UOL DIVEO LTDA.
	 	 	 	Title:

 EXHIBIT I – TECHNICAL SPECIFICATION FOR THE COLOCATION SERVICE 

 

	1.	UOL DIVEO shall make available to grant access to the internal areas of the DC an enabled electronic card per person. Such card is property of UOL DIVEO and shall be returned upon termination of the visitation time.

  

	2.	The security of UOL DIVEO shall be promptly informed of theft, loss or damage to the electronic card in order for such card to be disabled. UOL DIVEO disclaims any responsibility for improper use of such
card, even undue access to the equipment of CLIENT and other colocations. Replacement of the card shall cost R$15.00. 

  

	3.	The CLIENT shall notify UOL DIVEO of any significant addition or removal of equipment (i.e., shelves or racks). Installations and removals shall be approved and coordinated by the UOL DIVEO local
management. 

 Space Specifications 
  

	4.	The CLIENT shall not put at risk the Colocation Service or damage the property of other placed UOL DIVEO CLIENTS, the landlord or any other third party or parties in any way. 

 

	5.	The CLIENT shall take all due precautions to protect common property of UOL DIVEO and the landlord, in addition to any nearby equipment owned by other clients or third parties. This includes protecting the
floor, walls and telecommunication equipment while moving equipment and notifying UOL DIVEO of any major equipment rearrangement, drilling, etc. 

  

	6.	The CLIENT shall follow the good maintenance practices. All waste shall be disposed of on a daily basis at the expense of the CLIENT. Any waste or empty boxes not disposed of by the CLIENT shall be
subject to be removed by UOL DIVEO with any associated collection to be borne by the CLIENT. 

  

	7.	Nothing shall be stored outside the designated rack area. A minimum corridor distance of 75cm shall be kept in the front and in the back of the equipment. 

 

	8.	Hazardous material may not be stored in the fuel area. 

  

	9.	All equipment shall be installed within the designated rack area or cabinet. 

  

	10.	Cabling between racks within the CLIENT area, as well as patch cords (connection cables between connection panels and the equipment of the CLIENT) shall be provided by the CLIENT.

  

	11.	The CLIENT is responsible for power cable ends and DC signal on its Equipment. 

  

	12.	The CLIENT shall follow regular standards of the telecommunications industry regarding the installation and removal of the equipment in one central office environment. The standards of UOL DIVEO shall be
followed for connection of the cables interfacing with UOL DIVEO. All installations are subject to approval by UOL DIVEO. 

  

	13.	Permanent use of extenders is not allowed. 

  

	14.	All local, state and federal laws shall be complied with. Local labor union laws, especially AC electric work, shall be followed accordingly. General building maintenance rules shall also be complied with.

  

	15.	The CLIENT shall follow UOL DIVEO access procedures, in addition to any other procedures required by the owner or holder of the Sites, at all times. The CLIENT shall coordinate its first visit to a
certain site of UOL DIVEO with the operations department of UOL DIVEO upon at least five (5) day prior notice. For all subsequent entries, the CLIENT shall follow the procedure described below: 

 

	16.	Closed racks shall be electronically monitored during the visits. 

  

	17.	Access to the colocation area shall occur upon compliance with all security protocols, namely: 

(c1) holding and use of a valid electronic card provided to the CLIENT;  

(c2) awareness of a numeric password corresponding to the card (c1); 

(c3) previous registration of the name and ID card, which shall be checked at the visit. 

 

	18.	The CLIENT undertakes to inform UOL DIVEO in writing about all details of new personnel with authorized access to the colocation area, as well as the exclusion of any other individuals. 

 

	19.	UOL DIVEO reserves the right, with no prior consent of the CLIENT, which shall be registered however, to grant access to technicians of UOL DIVEO for security checks and compliance with contractual
clauses. 

  

	20.	In the event UOL DIVEO notifies the CLIENT in writing of a violation of the aforementioned rules, or any other situation or satisfaction of UOL DIVEO and with a proposed termination date. UOL
DIVEO may grant additional time at its sole discretion. If the problems is not solved within three days or the time agreed, whichever is longer, UOL DIVEO shall have the option of (i) fixing the problem at the expense of the
CLIENT, or (ii) terminate the Purchase Order/Agreement which is applicable and disconnect the power and signal connections of the CLIENT equipment. 

 

	21.	Extreme security violations or conditions representing an immediate threat to the safety of UOL DIVEO employees or the public, interfering with the performance of the service obligations of UOL DIVEO or
representing an immediate threat to the physical integrity of the UOL DIVEO facilities shall be immediately fixed by UOL DIVEO with no prior notice to the CLIENT. UOL DIVEO shall be subject to no responsibility for taking such
action regarded as necessary for the specific purpose of curing such violations or conditions, including, without limitation, any damage to the Equipment or any interruption to the Colocation Service. Fixings by UOL DIVEO shall be at the
expense of the CLIENT and charged to the CLIENT in accordance with the UOL DIVEO fee then in force. 

  

	22.	EMERGENCY TELEPHONE NUMBERS/EQUIPMENT RELOCATION: UOL DIVEO shall be entitled to enter any Space, at any time, for the purpose of inspecting it. The CLIENT shall provide UOL DIVEO with a telephone
number whereby it may contact it 24/7 (Field 9.2—Purchase Order/Agreement), in order to allow UOL DIVEO to notify it and solve any problems relating to each Colocation Purchase Order. In addition, the CLIENT shall provide such
number at visible place on the Equipment installed at the Space. 

  

	23.	UOL DIVEO further reserves the right, at any time during the Term of the Colocation Service relating to any Space, or during any renewal period thereof, to require that the CLIENT relocates the Equipment
to another Space at the same Site, which shall provide comparable environmental conditions and accessibility to the Equipment, provided that this is done upon thirty (30) day prior written notice. In cases of emergency, the notice time referred
to in this item may be reduced to a time that may be reasonable under the circumstances. 

  

	24.	CONDUCT AT THE SPACE AND SITES: The CLIENT shall comply with all basic conduct rules set out by UOL DIVEO and any holder or owner of each Site or Space. Such rules include, without
limitation, prohibition to smoke at the Spaces and Sites. In addition, the CLIENT is required to keep each Site and Space in proper safety and cleaning conditions, which includes, without limitation, keeping duly stored or removing any
hazardous substances, waste and/or pollutants, at any place and any Space or within any Site. 

 EXHIBIT II – Colocation Service Level Warranties (SLA) 

 

	1.1.	UOL DIVEO shall keep annual colocation availability of 99.9%. The minimum annual Colocation is defined as the availability of the UOL DIVEO network and the electric power during the period of one year. The annual
Colocation availability shall be assessed on a monthly basis. The monthly availability of the Colocation service is defined as the availability of the UOL DIVEO network and the electric power during the period of one month. The minimum monthly
availability of the service shall vary depending on the number of days in the month. 

  

	1.1.1.	Electric power in alternated current shall be provided by means of two independent lines or circuits. In order to enjoy such redundancy, and, consequently, the minimum annual availability of the Colocation services, the
CLIENT shall provide equipment with at least two sources of electric supply contemplating active redundancy. 

  

	1.2.	In case UOL DIVEO fails to keep monthly availability of the Colocation service of at least 99.9%, in any month, the CLIENT may request in the month during which UOL DIVEO has failed to reach its minimum service
commitment credit to be applied on the monthly tariff relating to the affected service, according to the table below: 

  

			
	 Actual Availability of the Monthly Service
	  	 Credit Percentage in the Monthly Invoice

		
	 99.80% to 99.89%
	  	5% (R$ 1.000 maximum)
		
	 99.40% to 99.79%
	  	10% (R$ 2.000 maximum)
		
	 97.50% to 99.39%
	  	20% (R$ 3.000 maximum)
		
	 95.00% to 97.99%
	  	30% (R$6.000 maximum)
		
	 Below 95.00%
	  	50% (R$10.000 maximum)

  

	1.3.	SLA Credits shall not be granted in the following months: 

  

	1.3.1.	Scheduled Maintenance. Interruptions scheduled by UOL DIVEO for purposes of preventive and/or corrective maintenance of the services set out in this Agreement. Definition of Scheduled Maintenance: Scheduled Maintenance
means any maintenance of the UOL DIVEO Internet Data Center where the CLIENT service is located, provided that the CLIENT is advised of such preventive maintenance 48 hours in advance, and that it is carried out from 2a.m. to 6a.m., local
time, or at any time, provided that this is previously agreed upon by UOL DIVEO and the CLIENT. UOL DIVEO shall inform the CLIENT of the need for Scheduled Maintenance by telephone, e-mail or fax. 

 

	1.3.2.	Unavailability of the network or electric power due to Scheduled Maintenance or any unavailability resulting from circuits or infrastructure of the CLIENT, applications of the CLIENT, applications or equipment of the
CLIENT or any use or user authorized by the CLIENT, or halts scheduled by the CLIENT. 

  

	1.3.3.	Whenever the CLIENT prevents UOL DIVEO from having access to places where the equipment is located for any reason, thus delaying the provision of the services. 

 

	1.4.	UOL DIVEO reserves the right to amend this SLA from time to time. The CLIENT shall be notified at least thirty (30) days in advance of any amendment to this SLA. Provided that such amendment to the SLA results in
significant reduction of the SLA, or credits, the CLIENT may terminate this Agreement with no penalty, provided that it informs UOL DIVEO within thirty (30) days after receiving notice of the proposed amendment to the SLA. UOL DIVEO reserves
the right to withdraw the proposed amendment to the SLA in case the CLIENT rejects the proposed amendment. 

  

	1.5.	Process to Request Service Credits: in the event the CLIENT notifies UOL DIVEO of unavailability of the service, and UOL DIVEO sets out that such unavailability has not been due to causes beyond the control of UOL
DIVEO, and that, therefore, it should be counted as the total monthly unavailability, the service unavailability period shall be counted in the total unavailability for the monthly period. Credits may be used only to abate the amount of the
recurring monthly tariff for services only, and may not be used to abate any single options, tariffs or fees that the CLIENT has incurred. CLIENTS with multiple servers and/or services may receive credit only for services where the SLA has not been
complied with. 

  

	1.6.	The CLIENT shall request credit within a period of thirty (30) days from the end of the month in which the unavailability occurred, and for which the credit would be applicable. 

 

	1.7.	The amount of the credit shall be applicable within two collection cycles after request of the credit approved by UOL DIVEO. 

  

	1.8.	UOL DIVEO is the only one authorized to assess the merits of request for credit under this agreement. UOL DIVEO records shall be the basis to calculate the unavailability of the service and arising credits.

  

	1.9.	This SLA sets out the only resources that the CLIENT holds relating to the service, as set forth in this Agreement. 

 EXHIBIT III – MANAGED SECURITY SERVICE 

For the provision of such security services, the clauses listed below shall be effective. In case of contradiction between the clauses below and the clauses
of such Agreement, the clauses below shall read as follows: 
 SECTION – OBLIGATIONS OF THE CLIENT 

 

	1.1	Without prejudice to the other obligations set forth in this Agreement, the CLIENT undertakes to: 

  

	1.1.1	Provide in writing all technical details that may be requested by UOL DIVEO, including, without limitation, specific, detailed information on the Protected Environment and the size and setup required in order for the
engaged services to meet the needs of its business and its activities, as well as other information that may be regarded as relevant and/or useful for the provision of the Services, and inform UOL DIVEO of any required changes.

  

	1.1.2	Keep the Protected Environment working under the conditions informed to UOL DIVEO, and ensure that the Access Conditions of UOL DIVEO to the Protected Environment are maintained during the entire term of this
Agreement and for the same periods as agreed for the Service Unavailability, and inform UOL DIVEO forty-eight (48) hours in advance for its prior approval of any and all changes in the Protected Environment that may affect the Access Conditions
and/or the provision of the Services, under penalty of releasing UOL DIVEO from any responsibility for the services engaged hereunder. 

  

	1.1.3	Cooperate with UOL DIVEO in all matters and issues relating to the provision of the Services, and enforce in the maintenance of the Protected Environment the procedures that are recommended by UOL DIVEO in order to
attain the Services using the Services, in particular the engaged Resources, in accordance with the recommendations and directions of UOL DIVEO. 

  

	1.1.4	Grant UOL DIVEO access to the physical facilities where the Protected Environment is located, as well as the respective equipment, systems and databases, in case such access is required to provide the Services, and
allow, when applicable, the installation of the equipment of UOL DIVEO in its facilities. 

  

	1.1.5	Install in its Protected Environment and keep operating the software licensed by UOL DIVEO, in case the Services include licensing of such software. 

 

	1.1.6	Provide all required physical and logic infrastructure requested by UOL DIVEO to implement and operate the engaged Services, and carry out maintenance and support of the licenses and assets whenever these are owned
thereby, except as otherwise set forth in the Technical Proposal. 

  

	1.1.7	Take responsibility for legal compliance of its IT infrastructure by releasing UOL DIVEO from any responsibility for data, files, software, systems and contents of the Protected Environment that have not been
supplied by UOL DIVEO, as well as activities carried out by the CLIENT and/or third parties upon use of the Protected Environment or any security failures of the Protected Environment arising from any noncompliance with laws existing in the
client’s IT infrastructure. 

  

	1.1.8	Keep an updated list on the client website of all users of the CLIENT with access to tools/software supplied by UOL DIVEO and the professionals in charge of all technical matters, and review such list from time to
time, and further inform UOL DIVEO whenever a user access needs changes of rights or revocation. 

  

	1.1.9	Take responsibility for the storage and maintenance of user identification details, access records or use records (also called log files) relating to the Protected Environment, as well as any supply of such data if
required by the applicable law or by court order. 

  

	1.1.10	Take responsibility for rendering formal any and all setup requests and/or changes in rules and/or equipment setup by means of Service Desk calls provided by UOL DIVEO. 

 

	1.1.11	Request and/or inform UOL DIVEO of any changes in the scope of the Protected Environment impacting the use of the licenses. Any penalty or fine that may be imposed by the licensing company on UOL DIVEO, in case the
applicable rules are not complied with by the CLIENT may be passed on by UOL DIVEO to the CLIENT, provided that fault of the CLIENT is demonstrated. 

 SECTION – LEGAL COMPLIANCE OF THE PROTECTED ENVIRONMENT 

 

	1.2	The CLIENT is and shall be the only party responsible for legal compliance of the Protected Environment and UOL DIVEO shall have no obligation to inspect and/or take responsibility for data, files, software, systems
and contents of the Protected Environment of the CLIENT that have not been provided by UOL DIVEO, as well as any activities performed by the CLIENT and/or third parties with the use of the Protected Environment. 

 

	1.3	Whatever the modality engaged to provide the services, the CLIENT agrees to comply with all local, domestic and international laws and regulations governing the use of the Protected Environment, and refrain from:
(i) illegal purposes; (ii) keeping data, files, software, systems and contents to which it does not have the right to use and/or that are regarded for any reason in violation of the laws; (iii) using the Protected Environment or
allowing it to be used in order to gain unauthorized access to equipment, systems, networks and/or data of third parties (hacker), and also to distribute and submit messages to entities that have not expressly requested such messages (also known in
the market as spamming); (iv) using the Protected Environment for any other purpose that may be in violation of good information security practices existing in the market, or that, whether or not intentionally, may cause losses or failures to
third parties or UOL DIVEO itself; (v) taking any actions or making any use through the Protected Environment that may be in violation of the Acceptable Use Policy (PUA) of UOL DIVEO, as provided by UOL DIVEO on its website at
http://www.uoIdiveo.com.br/politica-de-uso.html. 

  

	1.4	At any time, in case it verifies noncompliance by the CLIENT with the provisions of this Section, UOL DIVEO may inform that fact to the CLIENT and suspend the provision of the Services until the CLIENT ceases such
noncompliance and demonstrates to UOL DIVEO compliance of the Protected Environment with the applicable laws, provided further that the provisions of Section 7.2 below shall be observed. 

SECTION – CONFIDENTIALITY 
  

	1.5	Under this Agreement, the parties may gain access or receive from the other party confidential information and data (“Confidential Information”) and that, in general, are not known by the general public,
including, without limitation, technical, commercial, financial, legal or other data or information, including, without limitation, trade secrets, know-how and information relating to technology, customers, business plans, promotional activities
and/or commercialization, economic, finance and other business information and data, which may be appear in various materials, such as drawings, models, data, specifications, reports, compilations, computer software, formulas, patents, financial and
economic spreadsheets, customer and supplier information, existing or potential, agreements, products that may exist now or be created in the future and other materials that may have been obtained or are known before or after the term of
effectiveness of this Agreement, including also any and all information provided orally. 

  

	1.6	Neither party may disclose the Confidential Information to any person without the written consent of the Disclosing Party, except to the employees, contractors or suppliers and/or affiliates of the Receiving Party
that may have a demonstrated need to know any such Confidential Information for purposes of performing this Agreement, and any such persons receiving the Confidential Information shall be subject to the confidentiality obligations set forth
herein. 

  

	1.7	The Parties shall not use or allow others to use any such Confidential Information for any purposes other than those for which they have been disclosed, and the parties further undertake to keep with its employees
and workers involved in the operation and performance of the Services a non-disclosure agreement ensuring compliance with the provisions hereof. 

  

	1.8	The CLIENT and UOL DIVEO agree that neither Party shall make any public or private representations, comments or notices, in any way, oral or in writing by electronic means that are demeaning or harmful to the
goodwill and reputation of the other party and/or its products and/or services, as well as their respective employees, officers and/or directors, in particular in the event of any attack or other event that may expose the vulnerability of the
Protected Environment. 

  

 SECTION – GENERAL PROVISIONS 

 

	1.9	The Services shall be provided by UOL DIVEO in accordance with the best techniques available in the market, in accordance with the Service Level and Resources engaged, as defined in the Technical Proposal and the
respective Service Order. The CLIENT hereby acknowledges and represents that it is aware that the services shall be provided by UOL DIVEO for the purpose of managing the risks which the Protected Environment is exposed to. However, it is impossible
to eliminate such risks, including attacks and/or other events that may render vulnerable the Protected Environment. For this reason, THE PARTIES ACKNOWLEDGE AND REPRESENT THAT UOL DIVEO DOES NOT ASSUME UNDER THIS AGREEMENT ANY OBLIGATION THAT MAY
BE REGARDED AS AN OBLIGATION OF RESULTS, AND THUS UOL DIVEO SHALL NOT WARRANT OR OBJECTIVELY RESPOND FOR THE INVIOLABILITY, INTEGRITY AND/OR AVAILABILITY OF ANY PIECES OF EQUIPMENT, TOOLS, DATA, INFORMATION, CONTENTS, SOFTWARE, SYSTEMS AND/OR
NETWORKS OF THE CLIENT OR THAT MAY FORM ITS PROTECTED ENVIRONMENT. 

  

	1.10	The responsibility of either Party shall be limited to the events of willful, demonstrated noncompliance with the obligations undertaken under this Agreement. 

 

	1.11	In the event of noncompliance by UOL DIVEO with the conditions engaged for the Service Levels and/or for the Availability of Services, as defined in the Technical Proposal, for sole, demonstrated fault of UOL DIVEO,
the CLIENT shall be entitled to a proportional discount in the price corresponding to the month in which noncompliance is verified, as compensation. 

  

	1.12	As losses and damages, loss of profit and/or direct damages incurred under this Agreement, neither party shall be responsible for paying indemnification in an amount in excess of the sum of the twelve
(12) monthly installments previously to the fact triggering the event. 

  

	1.13	The CLIENT and UOL DIVEO agree that neither Party may make any public or private representations, comments or communications in any way, in writing or electronically, which has a demeaning or harmful nature and
reputation of the other party and/or its products and/or services, as well as its respective employees, officers and/or directors, in particular in the event of any attacks or events that may render the Protected Environment vulnerable.

  

	1.14	The CLIENT shall refrain from using for any purpose the name, trademarks and/or any other intellectual property assets of UOL DIVEO, except if the use is previously and expressly authorized in writing by UOL DIVEO,
in which event such use shall be restricted to the terms so authorized by UOL DIVEO. 

  

	1.14.1	At its sole discretion, UOL DIVEO may authorize the CLIENT to use in the Protected Environment an image file consisting of a protection seal or certificate to be exclusively provided by UOL DIVEO, which may only be
used by the CLIENT in accordance with the standards and restrictions set out and published by UOL DIVEO. At any time and irrespective of any justification, UOL DIVEO may change such standards and restrictions, and revoke the authorization in order
for the CLIENT to use such protection seal or certificate, in which event the CLIENT shall demonstrate to UOL DIVEO that it immediately ceased such use. The CLIENT understands and acknowledges that the provision of such protection seal or
certificate does not and shall not be understood as guarantee of full and/or absolute protection of the Protected Environment, as set forth in the Confidentiality Clause.” 

 EXHIBIT IV – Service Level Agreement 

 

			
	Activity	  	Item
	 	 
	
Monitoring and management of assets of the MSS services engaged
	  	
24x7x365

	 	 
	
Availability of the Datacenter
	  	
99.90%

	 	 
	
Availability of the Client Panel
	  	
99.50 % (excluding operational technical windows)

	 	 
	
Incident warning notice
	  	 30
minutes (after being detected by the SOC monitoring)

	 	 
	
Initial action in case of Incident
	  	 20
minutes (after being detected by the SOC monitoring)

	 	 
	
Service Requests (Information, Analyses and Changes in Policies)
	  	 48
hours after opening a call, except when a maintenance window is required.

	 	 
	
Change and inclusion of attack acknowledgement signatures
	  	 08
hours after release of updates by the manufacturer, subject to approval by UOLDIVEO

	 	 
	
Working Hours for Service Requests
	  	
Monday to Friday, from 9a.m. to 6p.m. (calls opened outside such hours will be answered on the next business
day)

	 	 
	
Service Request Opening Hours
	  	
24x7x365

	 	 
	
Assistance Time for incidents
	  	
24x7x365

	 	 
	
Service statistics and indexes
	  	
Client Panel

	 	 
	
Root Cause Analysis Report
	  	
Issued on demand, limited to 01 report/month (request to occur within one (1) week after closing the
incident)

	 	 
	
Stabilization Period (SLO)
	  	
Three months (after startup)

	 	 
	
Changes in the environment made by the client that may impact the services engaged
	  	 Inform
forty-eight (48) hours in advance

	 	 
	
Interruptions scheduled by UOLDIVEO for preventive and/or corrective maintenance
	  	 Client
to be informed forty-eight (48) hours in advance.

	 
	
Assistance Times: Monday to Friday, from 9a.m. to 6p.m.
  

•       To open regular calls and claims;

 

•       Calls opened outside these hours will be answered on the next
business day;
  
 Description:

 

•       Incident Warning Notice: client to be notified
within 30 minutes after detection, and then mitigation actions will be taken;
  

•       Start action in case of incident: time
required to start reviewing and treating incidents (attacks, explore vulnerabilities, among others) that may be impacting the client environment;
  

•       Service requests: requests submitted by the
client, such as, for instance, information, requests for reviews and setup changes;
  

•       Change and inclusion of attack acknowledgement
signatures: periodic signatures provided by the manufacturer to be approved by MSS UOLDIVEO in order to prevent any instabilities or risks to the protection services provided;

	
	
•       Service statistics and indexes: all main
statistics and indexes of the service provided will be available and may be accessed through the Client Panel;
  

•       Root Cause Report: issued only on demand of
the client within five (5) business days after closing the incident. To be requested within one (1) week after closing the incident, limited to 1 report/month. Submit a review of the occurrence, actions taken and possible factors triggering
it;
  

•       Stabilization Period: time elapsed after the
service being activated and delivered to the SOC, as required for alignment and adjustments to the processes between the Client and MSS UOLDIVEO will be assessed during the SLA’s period. However, penalties or fines will not be imposed.

 
 Emergency Maintenance:

 

•       Occur whenever problems leading to instability or unavailability of
Services are identified, where UOLDIVEO will use its best resources to resolve them as soon as possible, with few impacts;
  

•       During the emergency maintenance, the main point of contact of the
affected Client will receive notice thirty (30) minutes before the start of the emergency maintenance, and 30 minutes after completion.
  

 UOL DIVEO 

COLLOCATION—IP BUSINESS 

PURCHASE ORDER/AGREEMENT No. 16-03869 
  

					
	 FIELD 1

INFORMATION OF THE PARTIES

	CONTRACTOR
	Corporate Name: UOL DIVEO TECNOLOGIA LTDA.
	CNPJ: 01.588.770/0011-31	  	I.E.: 115.313.065.111 (central)
	Address: Alameda Glete, 700 – 2nd floor, Campos Eliseos	  	City: São Paulo
	State: São Paulo	  	Postal Code 01215-001	  	Telephone: 0800 160 066
	CLIENT
	Corporate Name: NS2.COM INTERNET S/A
	CNPJ: 09.339.936/0001-16	  	I.E.: 149.996.138.112
	Address: Rua Vergueiro, 961	  	City: São Paulo
	State: SP	  	Postal Code: 01504-000	  	Telephone: (11) 3028-2280
	 FIELD 2

COMMERCIAL CONDITIONS

	Total Monthly Amount (R$) 111,046.80
	Monthly Colocation Amount (R$) 31,936.81	  	Preparatory Fee (R$) 0.00
	Monthly Access Provision Amount (R$) 49,623.93	  	Additional GB Amount –
Access Provision (R$) 65.00
	Electric power cost installment (R$) 29,486.06	  	Backup Excess Gbyte Amount
(R$) 5.00
	 FIELD 3

COMMERCIAL REMARKS
  

1.1      For the implementation of the engaged scope, the CLIENT shall pay UOL DIVEO the
amount of the Preparatory Fee set forth in Field 2 of this “Purchase Order” within thirty (30) days from the date of execution of the Agreement/Purchase Order.
  

1.1.1. In the event the implementation is not actually achieved for reasons attributable to UOL DIVEO, the CLIENT
shall be entitled to be refunded the full amount paid.
  

1.1.2. In the event the implementation is not actually achieved for reasons attributable to CLIENT, UOL DIVEO
shall be entitled to a penalty of fifty percent (50%) on the Preparatory Fee, and UOL DIVEO may withhold any amounts paid to offset the penalty, and UOL DIVEO shall refund to the CLIENT any amounts in the event the amount paid has exceeded 50% of
the amount set forth in the “Preparatory Fee”.
  

1.1.3. No other amount in addition to those set forth in Section 1.1.2 above shall be due from one party to the
other by virtue of failure to implement.
  

1.2      By virtue of compliance with additional solutions taken by the CLIENT, in
addition to the previously defined scope, the Preparatory Fee may vary in accordance with the investments and funds to be made available by UOL DIVEO.
  

1.3      Monthly installments shall be billed as follows:

 
 1.3.1  The first (1st) monthly installment shall be billed on a pro rata basis due on the tenth (10th) day of the month following that of the delivery of the engaged
Solution, in whole or in part, as agreed by the Parties.
  

1.3.2  The second (2nd) monthly installment and any
others that may be due until completion of the term of effectiveness of the Agreement shall be billed by the twentieth (20th) day and due on the second (2nd) day of the subsequent month.
  

1.4      For products with variable fee, the monthly installment amount may change
according to the actual use of the resources listed and the amounts set out in the Purchase Order.

					
	
1.5      The technical characteristics, quantities and options are described in the
exhibits below, and also in the TECHNICAL PROPOSAL UOL DIVEO OPT-16/15809-G, which duly initialed by the Parties becomes an integral part of this Agreement.
  

EXHIBIT I – COLLOCATION SERVICE LEVEL (SLA) WARRANTIES
  

EXHIBIT II – MANAGED SECURITY SERVICE
  

EXHIBIT III – SERVICE LEVEL AGREEMENT (MANAGED SECURITY SERVICE)
  

1.6      This Purchase Order/Agreement cancels and supersedes Services Agreement No. 153329-01 and the respective amendments thereto.
  

1.7      The Parties agree that the monthly installment of the engaged services, taxes
included, on the date of execution hereof, is comprised as follows:
  

Total Monthly Amount (R$) 125,234.28
  

Total Monthly Colocation (R$) 36,166.19
  

Monthly Access Provision Amount (R$) 54,682.01

 
 Electric power cost installment (R$)
34,386.08
  
 (*) In case the modality of the 95 percentile in the access provision,
the additional Mbps amount shall be in excess of 15% of the franchise Mbps amount.
  

	 FIELD 4

UOL DIVEO WEBSITE

	Itaim Bibi ( )	  	Tamboré ( )	  	Glete (X)
	 FIELD 5

CLIENT CONTACT DETAILS

	FIELD 5.1 PERSON IN CHARGE OF COMMERCIAL ASPECTS:
	Name:	  	Telephone:	  	E-mail:
	Danilo Ruza	  	(11) 3028-2280	  	danilo.ruza@netshoes.com
	FIELD 5.2 PERSON IN CHARGE OF TECHNICAL ASPECTS:
	Name:	  	Telephone:	  	E-mail
	Danilo Ruza	  	(11) 3028-2280	  	danilo.ruza@netshoes.com
	FIELD 5.3 PERSON IN CHARGE OF PAYMENTS:
	Name:	  	Telephone:	  	E-mail:
	Danilo Ruza	  	(11) 3028-2280	  	danilo.ruza@netshoes.com
	Address to deliver the invoice:	  	 
	Rua Vergueiro, 961	  	 
	CEP:	  	City:	  	State:
	01504-000	  	São Paulo	  	SP
	 FIELD 6

CONDITIONS

	 The undersigned Client agrees with the commercial and
technical conditions set out in the Order and Proposal that are an integral part thereof for a term of twelve (12) months.
  

This instrument is governed by the Host Agreement available on
http://download.uol.com.br/uoldiveo/contratos/12_alteração—Agreement Padrão IDC UOL DIVEO—arquivado em 09.08.16_-_registro_n_5.303.290_-_Ago16.pdf and filed with the 4th Registry of Titles and Documents of São Paulo, the contents of which the CLIENT represents to be aware of and agrees with in full.

 

1.        All prices set out in Field 2 hereof are net of taxes (including
PIS, COFINS, ISS and ICMS), which shall be added at the time of billing to the tax rates then in force.

					
	 FIELD 7

AUTHORIZED SIGNATURES

	 Place/Date:

São Paulo, October 21, 2016.

	UOL DIVEO TECNOLOGIA LTDA.
	 Signatures: /s/ Siomar de Almeida
Torres
	 	Signatures: /s/ Rogildo Torquato Landim
	 Name: Siomar de Almeida
Torres
	 	Name: Rogildo Torquato Landim
	 Title: Chief Financial
Officer
	 	Title: CEO – UOL DIVEO
	 R.G. 19.713.792
	 	R.G. 15.215.531-4
	NS2.COM INTERNET S/A
	 Signatures: /s/ Marcio
Kumruian
	 	Signatures: /s/ Graciela Tanaka
	 Name: Marcio Kumruian
	 	Name: Graciela Tanaka
	 Title:
	 	Title:
	  

FIELD 8
 WITNESSES

	 Signatures: /s/ Mariana Veridiano
Rocha Kyrillos
	 	Signatures:
	 Name: Mariana Veridiano Rocha
Kyrillos
	 	Name:
	 Title: Accounts Executive

RG: 30.597.638-2 / CPF.: 299.400.198-58
 UOL DIVEO LTDA.
	 	 RG:

 EXHIBIT I – Colocation Service Level Warranties (SLA) 

 

	1.1.	UOL DIVEO shall keep annual collocation availability of 99.9%. The minimum annual Colocation is defined as the availability of the UOL DIVEO network and the electric power during the period of one year. The annual
Colocation availability shall be assessed on a monthly basis. The monthly availability of the Colocation service is defined as the availability of the UOL DIVEO network and the electric power during the period of one month. The minimum monthly
availability of the service shall vary depending on the number of days in the month. 

  

	1.1.1.	Electric power in alternated current shall be provided by means of two independent lines or circuits. In order to enjoy such redundancy, and, consequently, the minimum annual availability of the Colocation services, the
CLIENT shall provide equipment with at least two sources of electric supply contemplating active redundancy. 

  

	1.2.	In case UOL DIVEO fails to keep monthly availability of the Colocation service of at least 99.9%, in any month, the CLIENT may request in the month during which UOL DIVEO has failed to reach its minimum service
commitment credit to be applied on the monthly tariff relating to the affected service, according to the table below: 

  

			
	 Actual Availability of the Monthly Service
	  	 Credit Percentage in the Monthly Invoice

		
	 99.80% to 99.89%
	  	5% (R$1.000 maximum)
		
	 99.40% to 99.79%
	  	10% (R$2.000 maximum)
		
	 97.50% to 99.39%
	  	20% (R$3.000 maximum)
		
	 95.00% to 97.99%
	  	30% (R$6.000 maximum)
		
	 Below 95.00%
	  	50% (R$10.000 maximum)

  

	1.3.	SLA Credits shall not be granted in the following months: 

  

	1.3.1.	Scheduled Maintenance. Interruptions scheduled by UOL DIVEO for purposes of preventive and/or corrective maintenance of the services set out in this Agreement. Definition of Scheduled Maintenance: Scheduled Maintenance
means any maintenance of the UOL DIVEO Internet Data Center where the CLIENT service is located, provided that the CLIENT is advised of such preventive maintenance 48 hours in advance, and that it is carried out from 2 a.m. to 6 a.m., local
time, or at any time, provided that this is previously agreed upon by UOL DIVEO and the CLIENT. UOL DIVEO shall inform the CLIENT of the need for Scheduled Maintenance by telephone, e-mail or fax. 

 

	1.3.2.	Unavailability of the network or electric power due to Scheduled Maintenance or any unavailability resulting from circuits or infrastructure of the CLIENT, applications of the CLIENT, applications or equipment of the
CLIENT or any use or user authorized by the CLIENT, or halts scheduled by the CLIENT. 

  

	1.3.3.	Whenever the CLIENT prevents UOL DIVEO from having access to places where the equipment is located for any reason, thus delaying the provision of the services. 

 

	1.4.	UOL DIVEO reserves the right to amend this SLA from time to time. The CLIENT shall be notified at least 30 days in advance of any amendment to this SLA. Provided that such amendment to the SLA results in significant
reduction of the SLA, or credits, the CLIENT may terminate this Agreement with no penalty, provided that it informs UOL DIVEO within thirty (30) days after receiving notice of the proposed amendment to the SLA. UOL DIVEO reserves the right to
withdraw the proposed amendment to the SLA in case the CLIENT rejects the proposed amendment. 

  

	1.5.	Process to Request Service Credits: in the event the CLIENT notifies UOL DIVEO of unavailability of the service, and UOL DIVEO sets out that such unavailability has not been due to causes beyond the control of UOL
DIVEO, and that, therefore, it should be counted as the total monthly unavailability, the service unavailability period shall be counted in the total unavailability for the monthly period. Credits may be used only to abate the amount of the
recurring monthly tariff for services only, and may not be used to abate any single options, tariffs or fees that the CLIENT has incurred. CLIENTS with multiple servers and/or services may receive credit only for services where the SLA has not been
complied with. 

  

	1.6.	The CLIENT shall request credit within a period of 30 days from the end of the month in which the unavailability occurred, and for which the credit would be applicable. 

 

	1.7.	The amount of the credit shall be applicable within two collection cycles after request of the credit approved by UOL DIVEO. 

  

	1.8.	UOL DIVEO is the only one authorized to assess the merits of request for credit under this agreement. UOL DIVEO records shall be the basis to calculate the unavailability of the service and arising credits.

  

	1.9.	This SLA sets out the only resources that the CLIENT holds relating to the service, as set forth in this Agreement. 

 EXHIBIT II – MANAGED SECURITY SERVICE 

For the provision of such security services, the clauses listed below shall be effective. In case of contradiction between the clauses below and the clauses
of such Agreement, the clauses below shall read as follows: 
 SECTION – OBLIGATIONS OF THE CLIENT 

 

	1.1	Without prejudice to the other obligations set forth in this Agreement, the CLIENT undertakes to: 

  

	1.1.1	Provide in writing all technical details that may be requested by UOL DIVEO, including, without limitation, specific, detailed information on the Protected Environment and the size and setup required in order for the
engaged services to meet the needs of its business and its activities, as well as other information that may be regarded as relevant and/or useful for the provision of the Services, and inform UOL DIVEO of any required changes.

  

	1.1.2	Keep the Protected Environment working under the conditions informed to UOL DIVEO, and ensure that the Access Conditions of UOL DIVEO to the Protected Environment are maintained during the entire term of this
Agreement and for the same periods as agreed for the Service Unavailability, and inform UOL DIVEO forty-eight (48) hours in advance for its prior approval of any and all changes in the Protected Environment that may affect the Access Conditions
and/or the provision of the Services, under penalty of releasing UOL DIVEO from any responsibility for the services engaged hereunder. 

  

	1.1.3	Cooperate with UOL DIVEO in all matters and issues relating to the provision of the Services, and enforce in the maintenance of the Protected Environment the procedures that are recommended by UOL DIVEO in order to
attain the Services using the Services, in particular the engaged Resources, in accordance with the recommendations and directions of UOL DIVEO. 

  

	1.1.4	Grant UOL DIVEO access to the physical facilities where the Protected Environment is located, as well as the respective equipment, systems and databases, in case such access is required to provide the Services, and
allow, when applicable, the installation of the equipment of UOL DIVEO in its facilities. 

  

	1.1.5	Install in its Protected Environment and keep operating the software licensed by UOL DIVEO, in case the Services include licensing of such software. 

 

	1.1.6	Provide all required physical and logic infrastructure requested by UOL DIVEO to implement and operate the engaged Services, and carry out maintenance and support of the licenses and assets whenever these are owned
thereby, except as otherwise set forth in the Technical Proposal. 

  

	1.1.7	Take responsibility for legal compliance of its IT infrastructure by releasing UOL DIVEO from any responsibility for data, files, software, systems and contents of the Protected Environment that have not been
supplied by UOL DIVEO, as well as activities carried out by the CLIENT and/or third parties upon use of the Protected Environment or any security failures of the Protected Environment arising from any noncompliance with laws existing in the
client’s IT infrastructure. 

  

	1.1.8	Keep an updated list on the client website of all users of the CLIENT with access to tools/software supplied by UOL DIVEO and the professionals in charge of all technical matters, and review such list from time to
time, and further inform UOL DIVEO whenever a user access needs changes of rights or revocation. 

  

	1.1.9	Take responsibility for the storage and maintenance of user identification details, access records or use records (also called log files) relating to the Protected Environment, as well as any supply of such data if
required by the applicable law or by court order. 

  

	1.1.10	Take responsibility for rendering formal any and all setup requests and/or changes in rules and/or equipment setup by means of Service Desk calls provided by UOL DIVEO. 

 

	1.1.11	Request and/or inform UOL DIVEO of any changes in the scope of the Protected Environment impacting the use of the licenses. Any penalty or fine that may be imposed by the licensing company on UOL DIVEO, in case the
applicable rules are not complied with by the CLIENT may be passed on by UOL DIVEO to the CLIENT, provided that fault of the CLIENT is demonstrated. 

SECTION – LEGAL COMPLIANCE OF THE PROTECTED ENVIRONMENT 
  

	1.2	The CLIENT is and shall be the only party responsible for legal compliance of the Protected Environment, and UOL DIVEO shall have no obligation to inspect and/or take responsibility for data, files, software, systems
and contents of the Protected Environment of the CLIENT that have not been provided by UOL DIVEO, as well as any activities performed by the CLIENT and/or third parties with the use of the Protected Environment. 

 

	1.3	Whatever the modality engaged to provide the Services, the CLIENT agrees to comply with all local, domestic and international laws and regulations governing the use of the Protected Environment, and refrain from:
(i) engaging in any activities deemed unlawful, not permitting the Protected Environment to be used for illegal purposes; (ii) keeping data, files, software, systems and contents to which it does not have the right to use and/or that are
regarded for any reason in violation of the laws; (iii) using the Protected Environment or allowing it to be used in order to gain unauthorized access to equipment, systems, networks and/or data of third parties (hacker), and also to distribute
and submit messages to entities that have not expressly requested such messages (also known in the market as spamming); (iv) using the Protected Environment for any other purpose that may be in violation of good information security practices
existing in the market, or that, whether or not intentionally, may cause losses or failures to third parties or UOL DIVEO itself; (v) taking any actions or making any use through the Protected Environment that may be in violation of the
Acceptable Use Policy (PUA) of UOL DIVEO, as provided by UOL DIVEO on its website at http://www.uoldiveo.com.br/politica-de-uso.html. 

  

	1.4	At any time, in case it verifies noncompliance by the CLIENT with the provisions of this Section, UOL DIVEO may inform that fact to the CLIENT and suspend the provision of the Services until the CLIENT ceases such
noncompliance and demonstrates to UOL DIVEO compliance of the Protected Environment with the applicable laws, provided further that the provisions of Section 7.2 below shall be observed. 

SECTION – CONFIDENTIALITY 
  

	1.5	Under this Agreement, the parties may gain access or receive from the other party confidential information and data (“Confidential Information”) and that, in general, are not known by the general public,
including, without limitation, technical, commercial, financial, legal or other data or information, including, without limitation, trade secrets, know-how and information relating to technology, customers, business plans, promotional activities
and/or commercialization, economic, finance and other business information and data, which may be appear in various materials, such as drawings, models, data, specifications, reports, compilations, computer software, formulas, patents, financial and
economic spreadsheets, customer and supplier information, existing or potential, agreements, products that may exist now or be created in the future and other materials that may have been obtained or are known before or after the term of
effectiveness of this Agreement, including also any and all information provided orally. 

  

	1.6	Neither party may disclose the Confidential Information to any person without the written consent of the Disclosing Party, except to the employees, contractors or suppliers and/or affiliates of the Receiving Party
that may have a demonstrated need to know any such Confidential Information for purposes of performing this Agreement, and any such persons receiving the Confidential Information shall be subject to the confidentiality obligations set forth herein.

  

	1.7	The Parties shall not use or allow others to use any such Confidential Information for any purposes other than those for which they have been disclosed, and the parties further undertake to keep with its employees
and workers involved in the operation and performance of the Services a non-disclosure agreement ensuring compliance with the provisions hereof. 

	1.8	The CLIENT and UOL DIVEO agree that neither Party shall make any public or private representations, comments or notices, in any way, oral or in writing by electronic means that are demeaning or harmful to the
goodwill and reputation of the other party and/or its products and/or services, as well as their respective employees, officers and/or directors, in particular in the event of any attack or other event that may expose the vulnerability of the
Protected Environment. 

 SECTION – GENERAL PROVISIONS 

 

	1.9	The Services shall be provided by UOL DIVEO in accordance with the best techniques available in the market, in accordance with the Service Level and Resources engaged, as defined in the Technical Proposal and the
respective Service Order. The CLIENT hereby acknowledges and represents that it is aware that the services shall be provided by UOL DIVEO for the purpose of managing the risks which the Protected Environment is exposed to. However, it is impossible
to eliminate such risks, including attacks and/or other events that may render vulnerable the Protected Environment. For this reason, THE PARTIES ACKNOWLEDGE AND REPRESENT THAT UOL DIVEO DOES NOT ASSUME UNDER THIS AGREEMENT ANY OBLIGATION THAT MAY
BE REGARDED AS AN OBLIGATION OF RESULTS, AND THUS UOL DIVEO SHALL NOT WARRANT OR OBJECTIVELY RESPOND FOR THE INVIOLABILITY, INTEGRITY AND/OR AVAILABILITY OF ANY PIECES OF EQUIPMENT, TOOLS, DATA, INFORMATION, CONTENTS, SOFTWARE, SYSTEMS AND/OR
NETWORKS OF THE CLIENT OR THAT MAY FORM ITS PROTECTED ENVIRONMENT. 

  

	1.10	The responsibility of either Party shall be limited to the events of willful, demonstrated noncompliance with the obligations undertaken under this Agreement. 

 

	1.11	In the event of noncompliance by UOL DIVEO with the conditions engaged for the Service Levels and/or for the Availability of Services, as defined in the Technical Proposal, for sole, demonstrated fault of UOL DIVEO,
the CLIENT shall be entitled to a proportional discount in the price corresponding to the month in which noncompliance is verified, as compensation. 

  

	1.12	As losses and damages, loss of profit and/or direct damages incurred under this Agreement, neither party shall be responsible for paying indemnification in an amount in excess of the sum of the twelve
(12) monthly installments previously to the fact triggering the event. 

  

	1.13	The CLIENT and UOL DIVEO agree that neither Party may make any public or private representations, comments or communications in any way, in writing or electronically, which has a demeaning or harmful nature and
reputation of the other party and/or its products and/or services, as well as its respective employees, officers and/or directors, in particular in the event of any attacks or events that may render the Protected Environment vulnerable.

  

	1.14	The CLIENT shall refrain from using for any purpose the name, trademarks and/or any other intellectual property assets of UOL DIVEO, except if the use is previously and expressly authorized in writing by UOL DIVEO,
in which event such use shall be restricted to the terms so authorized by UOL DIVEO. 

  

	1.14.1	At its sole discretion, UOL DIVEO may authorize the CLIENT to use in the Protected Environment an image file consisting of a protection seal or certificate to be exclusively provided by UOL DIVEO, which may only be
used by the CLIENT in accordance with the standards and restrictions set out and published by UOL DIVEO. At any time and irrespective of any justification, UOL DIVEO may change such standards and restrictions, and revoke the authorization in order
for the CLIENT to use such protection seal or certificate, in which event the CLIENT shall demonstrate to UOL DIVEO that it immediately ceased such use. The CLIENT understands and acknowledges that the provision of such protection seal or
certificate does not and shall not be understood as guarantee of full and/or absolute protection of the Protected Environment, as set forth in the Confidentiality Clause.” 

 EXHIBIT III – Service Level Agreement 

Managed Security Service – DDoS Protection 
  

			
	Activity	  	Item
	 	 
	
Monitoring and management of assets of the MSS services engaged
	  	
24x7x365

	 	 
	
Availability of the Datacenter
	  	
99.90%

	 	 
	
Availability of the Client Panel
	  	
99.50% (excluding operational technical windows)

	 	 
	
Incident warning notice
	  	 30
minutes (after being detected by the SOC monitoring)

	 	 
	
Initial action in case of Incident
	  	 20
minutes (after being detected by the SOC monitoring)

	 	 
	
Service Requests (Information, Analyses and Changes in Policies)
	  	 48
hours after opening a call, except when a maintenance window is required.

	 	 
	
Change and inclusion of attack acknowledgement signatures
	  	 08
hours after release of updates by the manufacturer, subject to approval by UOLDIVEO

	 	 
	
Working Hours for Service Requests
	  	
Monday to Friday, from 9 a.m. to 6 p.m. (calls opened outside such hours will be answered on the next business
day)

	 	 
	
Service Request Opening Hours
	  	
24x7x365

	 	 
	
Assistance Time for incidents
	  	
24x7x365

	 	 
	
Service statistics and indexes
	  	
Client Panel

	 	 
	
Root Cause Analysis Report
	  	
Issued on demand, limited to 01 report/month (request to occur within one (1) week after closing the
incident)

	 	 
	
Stabilization Period (SLO)
	  	
Three months (after startup)

	 	 
	
Changes in the environment made by the client that may impact the services engaged
	  	 Inform
forty-eight (48) hours in advance

	 	 
	
Interruptions scheduled by UOLDIVEO for preventive and/or corrective maintenance
	  	 Client
to be informed forty-eight (48) hours in advance.

	 
	
Assistance Times: Monday to Friday, from 9 a.m. to 6 p.m.
  

•       To open regular calls and claims;

 

•       Calls opened outside these hours will be answered on the next
business day;
  
 Description:

 

•       Incident Warning Notice: client to be notified within
30 minutes after detection, and then mitigation actions will be taken;
  

•       Start action in case of incident: time required to
start reviewing and treating incidents (attacks, explore vulnerabilities, among others) that may be impacting the client environment;
  

•       Service requests: requests submitted by the client,
such as, for instance, information, requests for reviews and setup changes;

	
	
•       Change and inclusion of attack acknowledgement signatures:
periodic signatures provided by the manufacturer to be approved by MSS UOLDIVEO in order to prevent any instabilities or risks to the protection services provided;

 

•       Service statistics and indexes: all main statistics
and indexes of the service provided will be available and may be accessed through the Client Panel;
  

•       Root Cause Report: issued only on demand of the
client within five (5) business days after closing the incident. To be requested within 1 week after closing the incident, limited to 1 report/month. Submit a review of the occurrence, actions taken and possible factors triggering it;

 

•       Stabilization Period: time elapsed after the service
being activated and delivered to the SOC, as required for alignment and adjustments to the processes between the Client and MSS UOLDIVEO will be assessed during the SLA’s period. However, penalties or fines will not be imposed.

 
 Emergency Maintenance:

 

•       Occur whenever problems leading to instability or unavailability of
Services are identified, where UOLDIVEO will use its best resources to resolve them as soon as possible, with few impacts;
  

•       During the emergency maintenance, the main point of contact of the
affected Client will receive notice 30 minutes before the start of the emergency maintenance, and 30 minutes after completion.EX-10.7

 Exhibit 10.07 

 
 Netshoes (Cayman) Limited 

2012 Share Plan 

ADOPTED ON APRIL 16, 2012 

 

 TABLE OF CONTENTS 

Page 
  

					
	
SECTION 1.  ESTABLISHMENT AND PURPOSE
	  	 	1	 
		
	 SECTION 2.  ADMINISTRATION
	  	 	1	 
	 (a)    Committees of the Board of
Directors
	  	 	1	 
	 (b)    Authority of the Board of
Directors
	  	 	1	 
		
	 SECTION 3.  ELIGIBILITY
	  	 	1	 
	 (a)    General Rule
	  	 	1	 
	 (b)    
Ten-Percent Shareholders
	  	 	1	 
		
	
SECTION 4.  SHARES SUBJECT TO PLAN
	  	 	2	 
	 (a)    Basic Limitation
	  	 	2	 
	 (b)    Additional Shares
	  	 	2	 
		
	 SECTION 5.  TERMS AND CONDITIONS 
OF AWARDS OR SALES
	  	 	2	 
	 (a)    Share Grant or Purchase
Agreement
	  	 	2	 
	 (b)    
Duration of Offers and Nontransferability of Rights
	  	 	2	 
	 (c)    Purchase Price
	  	 	2	 
		
	 SECTION 6.  TERMS AND CONDITIONS 
OF OPTIONS
	  	 	2	 
	 (a)    Share Option Agreement
	  	 	2	 
	 (b)    Number of Shares
	  	 	2	 
	 (c)    Exercise Price
	  	 	3	 
	 (d)    Exercisability
	  	 	3	 
	 (e)    Basic Term
	  	 	3	 
	 (f)     
Termination of Service (Except by Death)
	  	 	3	 
	 (g)    Leaves of Absence
	  	 	3	 
	 (h)    Death of Optionee
	  	 	4	 
	 (i)     
Pre-Exercise Restrictions on Transfer of Options or Shares
	  	 	4	 
	 (j)     No Rights as a
Shareholder
	  	 	4	 
	 (k)    
Modification, Extension and Assumption of Options
	  	 	4	 
	 (l)     
Company’s Right to Cancel Certain Options
	  	 	5	 
		
	
SECTION 7.  PAYMENT FOR SHARES
	  	 	5	 
	 (a)    General Rule
	  	 	5	 
	 (b)    Services Rendered
	  	 	5	 
	 (c)    Promissory Note
	  	 	5	 
	 (d)    Surrender of Shares
	  	 	5	 
	 (e)    Exercise/Sale
	  	 	5	 
	 (f)     Net Exercise
	  	 	5	 
	 (g)    Other Forms of Payment
	  	 	5	 
		
	
SECTION 8.  ADJUSTMENT OF SHARES
	  	 	6	 
	 (a)    General
	  	 	6	 
	 (b)    Corporate Transactions
	  	 	6	 
	 (c)    Reservation of Rights
	  	 	7	 

					
	 SECTION 9.  PRE-EXERCISE INFORMATION 
REQUIREMENT
	  	 	7	 
	 (a)    Application of Requirement
	  	 	7	 
	 (b)    Scope of Requirement
	  	 	7	 
		
	
SECTION 10.  MISCELLANEOUS PROVISIONS
	  	 	8	 
	 (a)    Securities Law Requirements
	  	 	8	 
	 (b)    No Retention Rights
	  	 	8	 
	 (c)    Treatment as Compensation
	  	 	8	 
	 (d)    Governing Law
	  	 	8	 
	 (e)    Conditions and Restrictions on
Shares
	  	 	8	 
	 (f)     Tax Matters
	  	 	8	 
		
	 SECTION 11.  DURATION AND AMENDMENTS; 
SHAREHOLDER APPROVAL
	  	 	9	 
	 (a)    Term of the Plan
	  	 	9	 
	 (b)    Right to Amend or Terminate the
Plan
	  	 	9	 
	 (c)    Effect of Amendment or
Termination
	  	 	9	 
	 (d)    Shareholder Approval
	  	 	9	 
		
	 SECTION 12.  DEFINITIONS
	  	 	10	 

 NETSHOES (CAYMAN) LIMITED 2012
SHARE PLAN 
  

	SECTION 1.  ESTABLISHMENT AND PURPOSE.	

 The purpose of this Plan is to offer persons selected by the Company an opportunity to
acquire a proprietary interest in the success of the Company, or to increase such interest, by acquiring Shares. The Plan provides both for the direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the
Plan may be ISOs intended to qualify under Code Section 422 or Nonstatutory Options which are not intended to so qualify. 

Capitalized terms are defined in Section 12. 
  

	SECTION 2.  ADMINISTRATION.	

  

	 	(a)	Committees of the Board of Directors. The Plan may be administered by one or more Committees. Each Committee shall consist, as required by applicable law, of one or more members of the Board of Directors
who have been appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall
administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 

 

	 	(b)	Authority of the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the
administration of the Plan. Notwithstanding anything to the contrary in the Plan, with respect to the terms and conditions of awards granted to Participants outside the United States, the Board of Directors may vary from the provisions of the Plan
to the extent it determines it necessary and appropriate to do so; provided that it may not vary from those Plan terms requiring shareholder approval pursuant to Section 11(d) below. All decisions, interpretations and other actions of the Board
of Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 

  

	SECTION 3.  ELIGIBILITY.	

  

	 	(a)	General Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of
ISOs. 

  

	 	(b)	Ten-Percent Shareholders. A person who owns more than 10% of the total combined voting power of all classes of outstanding shares of the Company, its Parent or any of its
Subsidiaries shall not be eligible for the grant of an ISO unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the Date of Grant and (ii) such ISO by its terms is not exercisable after the expiration of
five years from the Date of Grant. For purposes of this Subsection (b), in determining share ownership, the attribution rules of Code Section 424(d) shall be applied. 

 

  
 1 

	SECTION 4.  SHARES SUBJECT TO PLAN.	

  

	 	(a)	Basic Limitation. Not more than 86,471 Shares may be issued under the Plan, subject to Subsection (b) below and Section 8(a).1 All of these Shares
may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other rights outstanding at any time under the Plan may not exceed the number of Shares that then remain available for issuance under the Plan. The Company,
during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares. 

 

	 	(b)	Additional Shares. In the event that Shares previously issued under the Plan are reacquired by the Company, such Shares shall be added to the number of Shares then available for issuance under the Plan. In the
event that Shares that otherwise would have been issuable under the Plan are withheld by the Company in payment of the Purchase Price, Exercise Price or withholding taxes, such Shares shall remain available for issuance under the Plan. In the event
that an outstanding Option or other right for any reason expires or is canceled, the Shares allocable to the unexercised portion of such Option or other right shall be added to the number of Shares then available for issuance under the Plan.

  

	SECTION 5.  TERMS AND CONDITIONS OF AWARDS OR SALES.	

  

	 	(a)	Share Grant or Purchase Agreement. Each award of Shares under the Plan shall be evidenced by a Share Grant Agreement between the Grantee and the Company. Each sale of Shares under the Plan (other than upon
exercise of an Option) shall be evidenced by a Share Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and
conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Share Grant Agreement or Share Purchase Agreement. The provisions of the various Share Grant Agreements and Share Purchase
Agreements entered into under the Plan need not be identical. 

  

	 	(b)	Duration of Offers and Nontransferability of Rights. Any right to purchase Shares under the Plan (other than an Option) shall automatically expire if not exercised by the Purchaser within 30 days (or such other
period as may be specified in the Award Agreement) after the grant of such right was communicated to the Purchaser by the Company. Such right is not transferable and may be exercised only by the Purchaser to whom such right was granted.

  

	 	(c)	Purchase Price. The Board of Directors shall determine the Purchase Price of Shares to be offered under the Plan at its sole discretion. The Purchase Price shall be payable in a form described in Section 7.

  

	SECTION 6.  TERMS AND CONDITIONS OF OPTIONS.	

  

	 	(a)	Share Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Share Option Agreement between the Optionee and the Company. The Option shall be subject to all applicable terms and
conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that the Board of Directors deems appropriate for inclusion in a Share Option Agreement. The provisions of the various Share
Option Agreements entered into under the Plan need not be identical. 

  

	 	(b)	Number of Shares. Each Share Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 8. The Share
Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option. 

  

 

	1 	Please refer to Exhibit A for a schedule of the initial share reserve and any subsequent increases in the reserve. 

  
 2 

	 	(c)	Exercise Price. Each Share Option Agreement shall specify the Exercise Price. The Exercise Price of an Option shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant, and in the case
of an ISO a higher percentage may be required by Section 3(b); provided that the Exercise Price of any Option issued to an Optionee that is not a U.S. taxpayer may be less than 100% of the Fair Market Value of a Share on the Date of
Grant. Subject to the preceding sentence, the Exercise Price shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. This Subsection (c) shall not apply to
an Option granted pursuant to an assumption of, or substitution for, another option in a manner that complies with Code Section 424(a) (whether or not the Option is an ISO). 

 

	 	(d)	Exercisability. Each Share Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. No Option shall be exercisable unless the Optionee (i) has delivered an
executed copy of the Share Option Agreement to the Company or (ii) otherwise agrees to be bound by the terms of the Share Option Agreement. The Board of Directors shall determine the exercisability provisions of the Share Option Agreement at
its sole discretion. 

  

	 	(e)	Basic Term. The Share Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the Date of Grant, and in the case of an ISO, a shorter term may be required by
Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 

  

	 	(f)	Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the
following dates: 

  

	 	(i)	The expiration date determined pursuant to Subsection (e) above; 

  

	 	(ii)	The date three months after the termination of the Optionee’s Service for any reason other than Disability, or such earlier or later date as the Board of Directors may determine (but in no event earlier than 30
days after the termination of the Optionee’s Service); or 

  

	 	(iii)	The date six months after the termination of the Optionee’s Service by reason of Disability, or such later date as the Board of Directors may determine. 

The Optionee may exercise all or part of the Optionee’s Options at any time before the expiration of such Options under the preceding
sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee’s Service
terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee dies after the termination of the Optionee’s Service but before the
expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee
by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had
vested before the Optionee’s Service terminated (or vested as a result of the termination). 
  

	 	(g)	Leaves of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing and if
continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 

  

  
 3 

	 	(h)	Death of Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the earlier of the following dates: 

 

	 	(i)	The expiration date determined pursuant to Subsection (e) above; or 

  

	 	(ii)	The date 12 months after the Optionee’s death, or such earlier or later date as the Board of Directors may determine (but in no event earlier than six months after the Optionee’s death). 

All or part of the Optionee’s Options may be exercised at any time before the expiration of such Options under the preceding sentence by
the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become
exercisable before the Optionee’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s death (or vested as a result of the Optionee’s death). The balance of such Options
shall lapse when the Optionee dies. 
  

	 	(i)	Pre-Exercise Restrictions on Transfer of Options or Shares. An Option shall be transferable by the Optionee only by (i) a beneficiary designation, (ii) a will or (iii) the laws of descent and
distribution, except as provided in the next sentence. If the applicable Share Option Agreement so provides, a Nonstatutory Option shall also be transferable by gift or domestic relations order to a Family Member of the Optionee. An ISO may be
exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. In addition, an Option shall comply with all conditions of Rule 12h-1(f)(1)
under the Exchange Act until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. Such conditions include, without limitation, the transferability restrictions set forth in Rule 12h-1(f)(1)(iv) and (v) under the Exchange Act, which shall apply to an Option and, prior to exercise, to the Shares to be issued upon exercise of such Option during the period commencing on the Date
of Grant and ending on the earlier of (i) the date when the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or (ii) the date when the Company makes a determination that it will
cease to rely on the exemption afforded by Rule 12h-1(f)(1) under the Exchange Act. During such period, an Option and, prior to exercise, the Shares to be issued upon exercise of such Option shall be
restricted as to any pledge, hypothecation or other transfer by the Optionee, including any short position, any “put equivalent position” (as defined in Rule 16a-1(h) under the Exchange Act) or
any “call equivalent position” (as defined in Rule 16a-1(b) under the Exchange Act). 

  

	 	(j)	No Rights as a Shareholder. An Optionee, or a transferee of an Optionee, shall have no rights as a shareholder with respect to any Shares covered by the Optionee’s Option until such person (i) becomes
entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option and (ii) is entered in the Register of Members of the Company. 

 

	 	(k)	Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options
(whether granted by the Company or another issuer) in return for the grant of new Options or a different type of award for the same or a different number of Shares and at the same or a different Exercise Price (if applicable). The foregoing
notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option. 

 

  
 4 

	 	(l)	Company’s Right to Cancel Certain Options. Any other provision of the Plan or a Share Option Agreement notwithstanding, the Company shall have the right at any time to cancel an Option that was not granted
in compliance with Rule 701 under the Securities Act. Prior to canceling such Option, the Company shall give the Optionee not less than 30 days’ notice in writing. If the Company elects to cancel such Option, it shall deliver to the
Optionee consideration with an aggregate Fair Market Value equal to the excess of (i) the Fair Market Value of the Shares subject to such Option as of the time of the cancellation over (ii) the Exercise Price of such Option. The
consideration may be delivered in the form of cash or cash equivalents, in the form of Shares, or a combination of both. If the consideration would be a negative amount, such Option may be cancelled without the delivery of any consideration.

  

	SECTION 7.  PAYMENT FOR SHARES.	

  

	 	(a)	General Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in
this Section 7. In addition, the Board of Directors in its sole discretion may also permit payment through any of the methods described in (b) through (g) below: 

 

	 	(b)	Services Rendered. Shares may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 

 

	 	(c)	Promissory Note. All or a portion of the Purchase Price or Exercise Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory note. The Shares shall be pledged as
security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the promissory note shall not be less than the minimum rate (if any) required to avoid the imputation of
additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. 

 

	 	(d)	Surrender of Shares. All or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the
Company in good form for transfer and shall be valued at their Fair Market Value as of the date when the Option is exercised. 

  

	 	(e)	Exercise/Sale. If Shares are publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a
securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company. 

  

	 	(f)	Net Exercise. An Option may permit exercise through a “net exercise” arrangement pursuant to which the Company will reduce the number of Shares issued upon exercise by the largest whole number of
Shares having an aggregate Fair Market Value (determined by the Board of Directors as of the exercise date) that does not exceed the aggregate Exercise Price or the sum of the aggregate Exercise Price plus all or a portion of the minimum amount
required to be withheld under applicable tax law (with the Company accepting from the Optionee payment of cash or cash equivalents to satisfy any remaining balance of the aggregate Exercise Price and, if applicable, any additional withholding
obligation not satisfied through such reduction in Shares); provided that to the extent Shares subject to an Option are withheld in this manner, the number of Shares subject to the Option following the net exercise will be reduced by the sum
of the number of Shares withheld and the number of Shares delivered to the Optionee as a result of the exercise. 

  

	 	(g)	Other Forms of Payment. To the extent that an Award Agreement so provides, the Purchase Price or Exercise Price of Shares issued under the Plan may be paid in any other form permitted by the laws of the Cayman
Islands, as amended. 

  
 5 

	SECTION 8.  ADJUSTMENT OF SHARES.	

  

	 	(a)	General. In the event of a subdivision of the outstanding Shares, a bonus issue of Shares, a combination or consolidation of the outstanding Shares into a lesser number of Shares, a reclassification, or any other
increase or decrease in the number of issued Shares effected without receipt of consideration by the Company, proportionate adjustments shall automatically be made in each of (i) the number and kind of Shares available for future grants under
Section 4, (ii) the number and kind of Shares covered by each outstanding Option and any outstanding and unexercised right to purchase Shares that has not yet expired pursuant to Section 5(b), (iii) the Exercise Price under each
outstanding Option and the Purchase Price applicable to any unexercised share purchase right described in clause (ii) above, and (iv) any repurchase price that applies to Shares granted under the Plan pursuant to the terms of a Company
repurchase right under the applicable Award Agreement. In the event of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Shares, a recapitalization,
a spin-off, or a similar occurrence, the Board of Directors at its sole discretion may make appropriate adjustments in one or more of the items listed in clauses (i) through (iv) above; provided, however, that the Board of Directors shall
in any event make such adjustments as may be required by Section 25102(o) of the California Corporations Code. No fractional Shares shall be issued under the Plan as a result of an adjustment under this Section 8(a), although the Board of
Directors in its sole discretion may make a cash payment in lieu of fractional Shares. 

  

	 	(b)	Corporate Transactions. In the event that the Company is a party to a merger or consolidation, or in the event of a sale of all or substantially all of the Company’s stock or assets, all Shares acquired
under the Plan and all Options and other Plan awards outstanding on the effective date of the transaction shall be treated in the manner described in the definitive transaction agreement (or, in the event the transaction does not entail a definitive
agreement to which the Company is party, in the manner determined by the Board of Directors in its capacity as administrator of the Plan, with such determination having final and binding effect on all parties), which agreement or determination need
not treat all Options and awards (or all portions of an Option or an award) in an identical manner. The treatment specified in the transaction agreement may include (without limitation) one or more of the following with respect to each outstanding
Option or award: 

  

	 	(i)	Continuation of the Option or award by the Company (if the Company is the surviving corporation). 

  

	 	(ii)	Assumption of the Option by the surviving corporation or its parent in a manner that complies with Code Section 424(a) (whether or not the Option is an ISO). 

 

	 	(iii)	Substitution by the surviving corporation or its parent of a new option for the Option in a manner that complies with Code Section 424(a) (whether or not the Option is an ISO). 

 

	 	(iv)	Cancellation of the Option and a payment to the Optionee with respect to each Share subject to the portion of the Option that is vested as of the transaction date equal to the excess of (A) the value, as determined
by the Board of Directors in its absolute discretion, of the property (including cash) received by the holder of a Share as a result of the transaction, over (B) the per-Share Exercise Price of the Option (such excess, the
“Spread”). Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent having a value equal to the Spread. In addition, any escrow, holdback, earn-out or
similar provisions in the transaction agreement may apply to such payment to the same extent and in the same manner as such provisions apply to the holders of Shares. If the Spread applicable to an Option is zero or a negative number, then the
Option may be cancelled without making a payment to the Optionee. 

  

  
 6 

	 	(v)	Cancellation of the Option without the payment of any consideration; provided that the Optionee shall be notified of such treatment and given an opportunity to exercise the Option (to the extent the Option is vested or
becomes vested as of the effective date of the transaction) during a period of not less than five (5) business days preceding the effective date of the transaction, unless (A) a shorter period is required to permit a timely closing of the
transaction and (B) such shorter period still offers the Optionee a reasonable opportunity to exercise the Option. Any exercise of the Option during such period may be contingent upon the closing of the transaction. 

 

	 	(vi)	Suspension of the Optionee’s right to exercise the Option during a limited period of time preceding the closing of the transaction if such suspension is administratively necessary to permit the closing of the
transaction. 

  

	 	(vii)	Termination of any right the Optionee has to exercise the Option prior to vesting in the Shares subject to the Option (i.e., “early exercise”), such that following the closing of the transaction the Option may
only be exercised to the extent it is vested. 

 For the avoidance of doubt, the Board of Directors has discretion to
accelerate, in whole or part, the vesting and exercisability of an Option or other Plan award in connection with a corporate transaction covered by this Section 8(b). 
  

	 	(c)	Reservation of Rights. Except as provided in this Section 8, a Participant shall have no rights by reason of (i) any subdivision or consolidation of shares of any class, (ii) the payment of any
dividend or (iii) any other increase or decrease in the number of shares of any class. Any issuance by the Company of shares of any class, or securities convertible into shares of any class, shall not affect, and no adjustment by reason thereof
shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

 

	SECTION 	9.  PRE-EXERCISE INFORMATION REQUIREMENT. 

  

	 	(a)	Application of Requirement. This Section 9 shall apply only during a period that (i) commences when the Company begins to rely on the exemption described in Rule 12h-1(f)(1) under the Exchange Act,
as determined by the Company in its sole discretion, and (ii) ends on the earlier of (A) the date when the Company ceases to rely on such exemption, as determined by the Company in its sole discretion, or (B) the date when the Company
becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. In addition, this Section 9 shall in no event apply to an Optionee after he or she has fully exercised all of his or her Options.

  

	 	(b)	Scope of Requirement. The Company shall provide to each Optionee the information described in Rule 701(e)(3), (4) and (5) under the Securities Act. Such information shall be provided at six-month
intervals, and the financial statements included in such information shall not be more than 180 days old. The foregoing notwithstanding, the Company shall not be required to provide such information unless the Optionee has agreed in writing, on a
form prescribed by the Company, to keep such information confidential. 

  
 7 

	SECTION 10.  MISCELLANEOUS PROVISIONS.	

  

	 	(a)	Securities Law Requirements. Shares shall not be issued under the Plan unless, in the opinion of counsel acceptable to the Board of Directors, the issuance and delivery of such Shares comply with (or are exempt
from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities
market on which the Company’s securities may then be traded. The Company shall not be liable for a failure to issue Shares as a result of such requirements. 

  

	 	(b)	No Retention Rights. Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with
or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her Service at any time
and for any reason, with or without cause. 

  

	 	(c)	Treatment as Compensation. Any compensation that an individual earns or is deemed to earn under this Plan shall not be considered a part of his or her compensation for purposes of calculating contributions,
accruals or benefits under any other plan or program that is maintained or funded by the Company, a Parent or a Subsidiary. 

  

	 	(d)	Governing Law. The Plan and all awards, sales and grants under the Plan shall be governed by, and construed in accordance with, the laws of the Cayman Islands, as such laws are applied to contracts entered into
and performed in the Cayman Islands. 

  

	 	(e)	Conditions and Restrictions on Shares. Shares issued under the Plan shall be subject to such rights of repurchase, rights of first refusal, other transfer restrictions and such other terms and conditions as the
Board of Directors may determine. Such conditions and restrictions shall be set forth in the applicable Award Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. In addition, Shares issued under
the Plan shall be subject to conditions and restrictions imposed either by applicable law or by Company policy, as adopted from time to time, designed to ensure compliance with applicable law or laws with which the Company determines in its sole
discretion to comply including in order to maintain any statutory, regulatory or tax advantage. 

  

	 	(f)	Tax Matters 

  

	 	(i)	As a condition to the award, grant, issuance, vesting, purchase, exercise or transfer of any award, or Shares issued pursuant to any award, granted under this Plan, the Participant shall make such arrangements as the
Board of Directors may require or permit for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such event. 

 

  
 8 

	 	(ii)	Unless otherwise expressly set forth in an Award Agreement, it is intended that awards granted under the Plan shall be exempt from Code Section 409A, and any ambiguity in the terms of an Award Agreement and the
Plan shall be interpreted consistently with this intent. To the extent an award is not exempt from Code Section 409A (any such award, a “409A Award”), any ambiguity in the terms of such award and the Plan shall be interpreted
in a manner that to the maximum extent permissible supports the award’s compliance with the requirements of that statute. Notwithstanding anything to the contrary permitted under the Plan, in no event shall a modification of an Award not
already subject to Code Section 409A be given effect if such modification would cause the Award to become subject to Code Section 409A unless the parties explicitly acknowledge and consent to the modification as one having that effect. A
409A Award shall be subject to such additional rules and requirements as specified by the Board of Directors from time to time in order for it to comply with the requirements of Code Section 409A. In this regard, if any amount under a 409A
Award is payable upon a “separation from service” to an individual who is considered a “specified employee” (as each term is defined under Code Section 409A), then no such payment shall be made prior to the date that is the
earlier of (i) six months and one day after the Participant’s separation from service or (ii) the Participant’s death, but only to the extent such delay is necessary to prevent such payment from being subject to
Section 409A(a)(1). In addition, if a transaction subject to Section 8(b) constitutes a payment event with respect to any 409A Award, then the transaction with respect to such award must also constitute a “change in control
event” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent required by Code Section 409A. 

  

	 	(iii)	Neither the Company nor any member of the Board of Directors shall have any liability to a Participant in the event an award held by the Participant fails to achieve its intended characterization under applicable tax
law. 

  

	SECTION 11.  DURATION AND AMENDMENTS; SHAREHOLDER APPROVAL.	

  

	 	(a)	Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board of Directors, subject to approval of the Company’s shareholders under Subsection
(d) below. The Plan shall terminate automatically 10 years after the later of (i) the date when the Board of Directors adopted the Plan or (ii) the date when the Board of Directors approved the most recent increase in the number of
Shares reserved under Section 4 that was also approved by the Company’s shareholders. The Plan may be terminated on any earlier date pursuant to Subsection (b) below. 

 

	 	(b)	Right to Amend or Terminate the Plan. Subject to Subsection (d) below, the Board of Directors may amend, suspend or terminate the Plan at any time and for any reason. 

 

	 	(c)	Effect of Amendment or Termination. No Shares shall be issued or sold and no Option granted under the Plan after the termination thereof, except upon exercise of an Option (or any other right to purchase Shares)
granted under the Plan prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted under the Plan. 

 

	 	(d)	Shareholder Approval. To the extent required by applicable law, the Plan will be subject to approval of the Company’s shareholders within 12 months of its adoption date. To the extent required by applicable
law, any amendment of the Plan will be subject to the approval of the Company’s shareholders within 12 months of the amendment date if it (i) increases the number of Shares available for issuance under the Plan (except as provided in
Section 8), or (ii) materially changes the class of persons who are eligible for the grant of ISOs. In addition, an amendment effecting any other material change to the Plan terms will be subject to approval of the Company’s
shareholder only if required by applicable law. Shareholder approval shall not be required for any other amendment of the Plan. 

  
 9 

 SECTION 12.  DEFINITIONS. 

 

	 	(a)	“Award Agreement” means a Share Grant Agreement, Share Option Agreement or Share Purchase Agreement. 

  

	 	(b)	“Board of Directors” means the Board of Directors of the Company, as constituted from time to time. 

  

	 	(c)	“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

  

	 	(d)	“Committee” means a committee of the Board of Directors, as described in Section 2(a). 

  

	 	(e)	“Company” means Netshoes (Cayman) Limited, a Cayman Islands exempted company. 

  

	 	(f)	“Consultant” means a person, excluding Employees and Outside Directors, who performs bona fide services for the Company, a Parent2 or a Subsidiary as
a consultant or advisor and who qualifies as a consultant or advisor under Rule 701(c)(1) of the Securities Act or under Instruction A.1.(a)(1) of Form S-8 under the Securities Act. 

 

	 	(g)	“Date of Grant” means the date of grant specified in the applicable Share Option Agreement, which date shall be the later of (i) the date on which the Board of Directors resolved to grant the
Option or (ii) the first day of the Optionee’s Service. 

  

	 	(h)	“Disability” means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment. 

 

	 	(i)	“Employee” means any individual who is a common-law employee of the Company, a Parent3 or a Subsidiary.

  

	 	(j)	“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

  

	 	(k)	“Exercise Price” means the amount for which one Share may be purchased upon exercise of an Option, as specified by the Board of Directors in the applicable Share Option Agreement. 

 

	 	(l)	“Fair Market Value” means the fair market value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. 

 

	 	(m)	“Family Member” means (i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, (ii) any person sharing the Optionee’s household (other than a tenant or employee), (iii) a trust in which persons described in Clause (i)
or (ii) have more than 50% of the beneficial interest, (iv) a foundation in which persons described in Clause (i) or (ii) or the Optionee control the management of assets and (v) any other entity in which persons described
in Clause (i) or (ii) or the Optionee own more than 50% of the voting interests. 

  

	 	(n)	“Grantee” means a person to whom the Board of Directors has awarded Shares under the Plan. 

  

	 	(o)	“ISO” means an Option that qualifies as an incentive stock option as described in Code Section 422(b). Notwithstanding its designation as an ISO, an Option that does not qualify as an ISO under
applicable law shall be treated for all purposes as a Nonstatutory Option. 

  

	 	(p)	“Nonstatutory Option” means an Option that does not qualify as an incentive stock option as described in Code Section 422(b) or 423(b). 

 

	 	(q)	“Option” means an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 

  

	 	(r)	“Optionee” means a person who holds an Option. 

  

 

	2 	Note that special considerations apply if the Company proposes to grant awards to consultant or advisor of a Parent company. 

	3 	Note that special considerations apply if the Company proposes to grant awards to an Employee of a Parent company. 

  
 10 

	 	(s)	“Outside Director” means a member of the Board of Directors who is not an Employee. 

  

	 	(t)	“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more
of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such
date. 

  

	 	(u)	“Participant” means a Grantee, Optionee or Purchaser. 

  

	 	(v)	“Plan” means this Netshoes (Cayman) Limited 2012 Share Plan. 

  

	 	(w)	“Purchase Price” means the consideration for which one Share may be acquired under the Plan (other than upon exercise of an Option), as specified by the Board of Directors. 

 

	 	(x)	“Purchaser” means a person to whom the Board of Directors has offered the right to purchase Shares under the Plan (other than upon exercise of an Option). 

 

	 	(y)	“Securities Act” means the U.S. Securities Act of 1933, as amended. 

  

	 	(z)	“Service” means service as an Employee, Outside Director or Consultant. 

  

	 	(aa)	“Share” means one Ordinary Share of the Company, as adjusted in accordance with Section 8 (if applicable). 

  

	 	(bb)	“Share Grant Agreement” means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such
Shares. 

  

	 	(cc)	“Share Option Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option. 

 

	 	(dd)	“Share Purchase Agreement” means the agreement between the Company and a Purchaser who purchases Shares under the Plan that contains the terms, conditions and restrictions pertaining to the purchase of
such Shares. 

  

	 	(ee)	“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken
chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall
be considered a Subsidiary commencing as of such date. 

  
 11 

 Exhibit A 

SCHEDULE OF SHARES RESERVED FOR ISSUANCE
UNDER THE PLAN 
  

											
	 Date of Board Approval Shares Added
	  	
Date of Shareholder Approval
Cumulative Number of Shares
	  	Number of	 	  	  
	 
	 4/16/2012
	  	4/23/2012	  	 	Not Applicable	 	  	 	86,471	 
	 1/10/2013
	  	1/21/2013	  	 	79,019	 	  	 	165,490

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]