Document:

Exhibit 10.2

 

AMENDMENT TO THE INDEMNITY FOR NON-COMPETITION
AGREEMENT AND OTHER COVENANTS

 

By this private instrument:

 

I – STNE PARTICIPAÇÕES
S.A., a joint stock company enrolled with the CNPJ/ME under No. 35.767.420/0001-82, with head-office in the city of São
Paulo, State of São Paulo, at Rua Gomes de Carvalho, no 1609, 5o andar, Vila Olímpia, Zip Code (CEP) 04547-006,
herein represented in accordance with its Bylaws (“Company”); and

 

II – NÉRCIO JOSÉ
MONTEIRO FERNANDES, Brazilian, married, systems analyst, bearer of the Identity Card RG No. 7.760.014 SSP/SP, enrolled with
the CPF/ME under No. 022.256.918-27, resident and domiciled in the City of São Paulo, State of São Paulo, with commercial
address at Avenida Doutora Ruth Cardoso, No. 7221, Suite 701, Block A, Room 1, Edifício Birmann 21, CEP 05425-902,
an executive officer of LINX S.A., Publicly-Held Company, with head-office in the city of São Paulo, State
of São Paulo, at Avenida Doutora Ruth Cardoso, No. 7221, cj. 701, Bl. A, room 1, Edifício Birmann 21, Zip Code (CEP)
05425-902, enrolled with CNPJ/ME under No. 06.948.969/0001-75 and with its acts of incorporation duly filed with the Board
of Trade of the State of São Paulo - JUCESP under NIRE 35.300.316.584, herein represented in accordance with its Bylaws
(“Linx”) (“Nércio” and, jointly with the Company, “Parties”),

 

III - STONECO LTD., company duly
incorporated and validly existing under the laws of the Cayman Islands, enrolled with the CNPJ/ME under No. 31.752.270/0001-82,
with head-office at Harbour Place, 4th floor, No. 103 Church St., PO Box 10240 KY1-1002, Georgetown, Cayman Islands,
herein represented in accordance with its acts of incorporation (“StoneCo”);

 

WHEREAS:

 

A.  On
August 11th, 2020, the Parties executed a certain Indemnity for Non-Competition Agreement and Other Covenants (“Agreement”),
with its effectiveness conditioned to the occurrence of the Closing of the Transaction;

 

B.  StoneCo
understand that the agreement of Linx Shareholders, which are the founders and key people of Linx’s management, with notable
experience in the activity sector of Linx, to enter into non-competition agreements, is an essential condition to the preservation
of their interests after the conclusion of the Transaction, in order to prevent them from competing with StoneCo, Linx and companies
of their economic group;

 

C.   According
to the understandings maintained between the Parties, the Agreement was renegotiated with the purpose of, among
other amendments: (i) amend the term of the Agreement, and, as a result of this, (ii) renegotiate the amounts previously agreed;
and

 

    1

    

    

 

D.  
The Parties aim to amend and restate the Agreement, pursuant to terms herein agreed.

 

NOW, THEREFORE, the Parties have
decided to enter into this Amendment to the Indemnity for Non-Competition Agreement and Other Covenants (“Amendment”),
which shall be governed by the following terms and conditions:

 

CHAPTER I – AMENDMENT TO THE AGREEMENT

 

1.1. The Parties hereby agree to amend and
restate the Agreement, which shall be in force in the terms of Exhibit I.

 

1.2. All references in Exhibit I
to “this date”, “on this date”, “signing date” and similar terms shall be considered as the
signing date of the Agreement, i.e., August 11th, 2020.

 

1.3. This Amendment is accessory to the
Agreement and must be read and construed as if it was contained therein, for all purposes. Any disputes, controversies or litigation
shall be submitted to the dispute resolution mechanism provided for in Section 6.8 of the Agreement.

 

1.4.  The Parties and the two witnesses
execute this Amendment by electronic means, provided that the Parties hereby declare and expressly agree, for the purposes of Article
10, paragraph 2nd of the Provisional Measure (Medida Provisória) No. 2.200-2, of August 24, 2001, that their
signatures through electronic means are binding, effective and confer authenticity, integrity and legal validity to this instrument,
being this Agreement an extrajudicial executive title for all legal purposes.

 

In witness whereof, the Parties execute
this Amendment in 2 (two) counterparts of equal content and form, before the 2 (two) witnesses below.

 

São Paulo, September 1st,
2020.

  

STNE
Participações S.A.

 

	/s/ Thiago dos Santos Piau	 	/s/ Rafael Martins Pereira
	By: Thiago dos Santos Piau

	By: Rafael Martins Pereira
	 	 	 
	/s/ Nércio José Monteiro Fernandes	 	 

NÉRCIO JOSÉ MONTEIRO FERNANDES

 

	StoneCo
Ltd.	 	 
	 	 	 
	/s/ Thiago dos Santos Piau	 	/s/ Rafael Martins Pereira
	By: Thiago dos Santos Piau	 	By: Rafael Martins Pereira

 

Witnesses:

 

	1.	/s/ Danilo Kamiji	 	2.	/s/ Valeria Paludeti Freire
	Name:   Danilo Kamiji	 	Name:   Valeria Paludeti Freire

 

 

    2

    

    

 

EXHIBIT I 

 

INDEMNITY FOR NON-COMPETITION AGREEMENT
AND OTHER COVENANTS

 

(as executed on August 11th,
2020 and amended on September 1st, 2020)

 

By this private instrument:

 

I – STNE PARTICIPAÇÕES
S.A., a joint stock company enrolled with the CNPJ/ME under No. 35.767.420/0001-82, with head-office in the city of São
Paulo, State of São Paulo, at Rua Gomes de Carvalho, No. 1609, 5th floor, Vila Olímpia, Zip Code (CEP)
04547-006, herein represented in accordance with its Bylaws (“STNE” or “Company”); and

 

II – NÉRCIO JOSÉ
MONTEIRO FERNANDES, Brazilian, married, systems analyst, bearer of the Identity Card RG No. 7.760.014 SSP/SP, enrolled with
the CPF/ME under No. 022.256.918-27, resident and domiciled in the City of São Paulo, State of São Paulo, with commercial
address at Avenida Doutora Ruth Cardoso, No. 7221, Suite 701, Block A, Room 1, Edifício Birmann 21, CEP 05425-902,
an executive officer of LINX S.A., Publicly-Held Company, with head-office in the city of São Paulo, State
of São Paulo, at Avenida Doutora Ruth Cardoso, No. 7221, cj. 701, Bl. A, room 1, Edifício Birmann 21, Zip Code (CEP)
05425-902, enrolled with CNPJ/ME under No. 06.948.969/0001-75 and with its acts of incorporation duly filed with the Board
of Trade of the State of São Paulo - JUCESP under NIRE 35.300.316.584, herein represented in accordance with its Bylaws
(“Linx”) (“Nércio” and, jointly with the Company, “Parties”),

 

III - STONECO LTD., company duly
incorporated and validly existing under the laws of the Cayman Islands, enrolled with the CNPJ/ME under No. 31.752.270/0001-82,
with head-office at Harbour Place, 4th floor, No. 103 Church St., PO Box 10240 KY1-1002, Georgetown, Cayman Islands,
herein represented in accordance with its acts of incorporation (“StoneCo”);

 

WHEREAS:

 

(i)    Linx
is part of an economic group that operates in the payment methods and corporate management software markets in Brazil;

 

(ii)   Nércio
has a relevant role in Linx; and

 

(iii)  The
Parties wish to regulate the terms and conditions of the non-competition and non-solicitation obligations of Nércio in relation
to STNE, StoneCo and Linx, that for the purposes of this Agreement are, jointly or individually or with their respective subsidiaries
and/or affiliated referred as “Stone Group”, as
well as the companies of their economic group, and to establish, in return, the indemnity to be paid by the Company on his behalf
for this purpose.

 

    3

    

    

 

NOW, THEREFORE, THE PARTIES decided
to enter into this Indemnity for Non-Competition Agreement and Other Covenants (“Agreement”), in accordance
with the following terms and conditions:

 

1.    NON
SOLICITATION

 

1.1. Nércio
undertakes to, directly or indirectly (either in his own name or in the name of any other person, enterprise, company, association
or any other entity or form of business), during the period of 5 (five) years from the closing date (“Closing”)
of the transaction provided in the Association Agreement, executed by and between Nércio, StoneCo, DLP Capital LLC, DLPPAR
Participações S.A., and, as intervening parties, Linx and the Company, on August 11th, 2020 and amended
on this date (“Association Agreement”), through which they have established the terms and conditions to the
business combination between Linx and the Company (“Transaction”):

 

(i)    not
to solicit, entice, incite, divert, withdraw or attempt to solicit, incite, divert or withdraw any customer, supplier, distributor
or business of Stone Group or its economic group companies, nor in any way interfere in the relationship maintained between Stone
Group and its current or future customers and/or suppliers and/or distributors;

 

(ii)   not
to solicit or encourage any person to quit his job or stop providing services to Stone Group or any other company in its economic
group, whether such person is an employee or a service provider or another executive officer;

 

(iii)  not
to solicit any of Stone Group's employees or executive officers; and/or

 

(iv) not
to start undertakings, negotiations, or any other type of understanding, as well as not to enter into final commitments and/or
agreements with an objective equivalent or similar to the business of Stone Group.

 

1.2. Nércio declares
and agrees that the restrictions and clauses set forth in this Agreement are reasonable and necessary for the protection of the
business and of the interests of Stone Group. Nércio also declares that violation of any of these clauses will cause to
Stone Group serious and irreparable losses and damages.

 

1.3. The
Parties hereby agree that the non-solicitation obligation of Nércio will not apply for Mrs. Lúcia Conceição
da Cunha and Mr. Simon Menache.

 

    4

    

    

2.    NON-COMPETITION

 

2.1. Nércio
undertakes to, directly or indirectly (either in his own name or in the name of any other person, enterprise, company, association
or any other entity or form of business), during the period of 5 (five) years from the Closing:

 

(i)    refrain
from, directly or through any natural person or legal entity, such as, including, without limitation, any company that has an ownership
interest (is controlled by, controls or is under common control with), any employee, servant, director or administrator, as well
as their spouses and other related persons, by affinity or consanguinity, up to the second degree, as well as any company under
the control of any of these persons, it being certain that “control” has the meaning attributed to it by art. 116 of
the Brazilian Corporation Act (hereinafter referred to as “Related Parties”) to: (i.1) own, manage, operate,
advise, associate, provide services, cooperate, give information or provide documents, provide consultancy, have equity interest,
control, participate in the ownership, administration, operation or control, or be bound as a partner, shareholder, employee, director,
officer, service provider, consultant or otherwise acting in any business or organization, whether for profit or not, in any business
developed by competing companies indicated in Clause 2.4., or with its controlled, affiliated, allied and/or companies in which
Stone Group holds an interest; (i.2) own, manage, operate, advise, associate, provide services, cooperate, give information
or provide documents, provide consultancy, have equity interest, control, participate in the ownership, administration, operation
or control, or be bound as a partner, shareholder, employee, board member, director, service provider, consultant or otherwise
acting in any business or organization, whether for profit or not, which, directly or indirectly, carries out activities related
to Stone Group and/or their businesses, including, but not limited to, activities related to consultancy and risk management related
to the means of payment in general and management software segments in Brazil for the retail sector; and investments in individuals
or legal entities, operating in the segments of means of payment in general, financial services for retail, and management software
in Brazil for the retail sector; and/or

 

(ii) not establish or maintain
any business relationship with any employees and/or suppliers and/or customers and/or distributors and/or business partners and/or
consultants of Stone Group, its controlled and affiliated companies, and companies in which Stone Group holds interest, which may
adversely affect them and/or the relationships and business between Stone Group, its controlled and affiliated companies, and companies
in which Stone Group holds interest and said employees, suppliers, customers, distributors, business partners or consultants.

 

 

    5

    

    

2.2. It is agreed between the
Parties, to avoid any conflict of interpretation of the previous clause, and by way of example, that Nércio's non-compete
obligation also applies to companies that have as preponderant activity (i) Management
and Operation of Credit Cards, Intermediation of Payment Methods Business in general and financial services for the sector of retail,
including sub-buyers, multi-buyers and gateways to the physical online world; and (ii) corporate management software (ERP)
for the retail sector, operating in any classification (ERP, CRM, SCM, etc).

 

2.3. The
restrictions and other conditions established in this Agreement are valid and applicable only in the national territory, especially
in the places where Stone Group, or companies in which Stone Group holds interest, carry out or may come to carry out its business.

 

2.4. For
the purposes of this Agreement, a competitor of Stone Group, or of its controlled and affiliated companies those companies that
have as preponderant activity (i) Management and Operation of Credit Cards, Intermediation of Payment Methods Business
in general and financial services for the sector of retail, including sub-buyers, multi-buyers and gateways to the physical online
world; and (ii) corporate management software (ERP) for the retail sector, operating in any classification (ERP, CRM, SCM,
etc).

 

2.5. It is hereby agreed that
the following situations are expressly permitted and will not be considered as a violation by Nércio of the non-compete
obligation: (i) holding of passive minority interest, equal to up to 10% of the total share capital, in any publicly-held companies
in Brazil; (ii) investments in any discretionary investment funds that are not exclusive; (iii) election as a member of the
Board of Directors of other Brazilian companies, provided that they are not considered competitors of the Stone Group under the
terms of this agreement; and (iv) controlling Brazilian companies that are not considered competitors of the Stone Group under
the terms of this agreement.

 

2.6. The participation and/or
involvement of Nércio with the following companies does not constitute a breach of the obligations undertook herein: (i)
MERCADO PÚBLICO SISTEMA S.A. (CNPJ/ME no 20.655.878/0001-72) - Company that develops management software for
public and private bids; and (ii) TAQE CAPACITAÇÃO, TECNOLOGIA E RECRUTAMENTO S.A. (CNPJ/ME no 24.416.599/0001-07)
- Company that develops software for recruitment, selection and hiring.

 

3.  INDEMNITY

 

3.1. In consideration for Nércio's
compliance with the obligations provided for in this Agreement, Stone Group will pay, on behalf of Nércio, through the transfer
of 268,797 (two hundred and sixty-eight thousand, seven hundred and ninety-seven) Class A shares issued by StoneCo, being provided
that 1/5 of those shares shall be transferred on the date of the 1st (first) anniversary of the Closing, 1/5 on the
date of the 2nd (second) anniversary of the Closing, 1/5 on the date of the 3rd (third) anniversary of the
Closing, 1/5 on the date of the 4th (forth) anniversary of the Closing and 1/5 on the date of the 5th (fifth)
anniversary of the Closing (“Indemnification”), being herein established that the transfer of each installment of the Indemnification
shall be conditioned to the effective fulfillment by Nércio of the obligations assumed on this Agreement.

 

    6

    

    

 

3.2. Stone
Group undertakes to take all applicable measures to make Stone Group to pay the Indemnification to Nércio, through the transfer
of the Class A shares of StoneCo, as long as Nércio is in compliance with its non-competition obligations provided herein.

 

3.3. The Parties hereby agree that the number of class A shares to be issued by StoneCo and to be transferred to Nércio shall
be automatically adjusted in order to reflect any transactions of share split, reverse share split, bonus shares involving the
shares issued by StoneCo.

 

3.4. The rights related to the payment of the Indemnification to Nércio, in the context of this Agreement, shall not be affected
by statement of inability, permanent or temporary disability and/or death of Nércio, being provided that Nércio and/or
its inheritors or successors, as the case may be, shall be entitled to the payment of the total amount of the Indemnification not
yet paid and which would be due until the end of this Agreement, provided that this Agreement also obliges and imposes constraints
to the relatives and family members of Nércio.

 

3.5. Stone Group shall reduce the number of Class A shares to be transferred to Nércio in order to proceed to the tax deductions
required by Law, provided that Nércio will receive the net value of the Indemnification, after the applicable deductions.

 

4.  ACKNOWLEDGMENT OF PAYMENT

 

4.1. Nércio herein acknowledges
and agrees that the transfer of StoneCo shares, under the terms of this Agreement, by Stone Group, constitute fair, adequate and
sufficient compensation for the continuous fulfillment of the terms and timeframes of this Agreement, particularly the non-solicitation
and non-competition obligations.

 

5.    DEFAULT

 

5.1. Failure
by Nércio to comply with the obligations provided for in this Agreement will give rise to payment of a compensatory fine
to Stone Group, equivalent to 100% of the total amount of the Indemnification, that has already been paid to Nércio, net
from taxes, without prejudice to the losses and damages incurred and any actions Stone Group may take to cease the competing activity
by Nércio, except if the infringement is resolved by Nércio within 30 (thirty) days after written notice by Stone
Group.

 

 

    7

    

    

6.    MISCELLANEOUS

 

6.1. This
Agreement is executed on the date hereof and it will be automatically effective through the occurrence of the closing of the Transaction.

 

6.2. The
Parties declare that they have carefully reviewed the terms of this Agreement and that they have fully understood its content.
The Parties further declare that they have freely and voluntarily agreed to all terms and conditions set forth in this Agreement.

 

6.3. Neither
Party may assign this Agreement or any of its rights or obligations hereunder to any third party without the prior and express
consent of the other Party.

 

6.4. This
Agreement is binding on, benefits and will be enforceable by the Parties and their respective successors and authorized assigns.
This Agreement is entered into on an irrevocable and irreversible basis. The Parties undertake to fully comply with and enforce
all that is agreed between them in this Agreement, and, therefore, acknowledge and claim that any attitude and/or action taken
in disagreement with the provisions hereof and/or that represents a violation of the obligations assumed by the Parties in this
Agreement, shall be null and void, as regards them or any third party.

 

6.5. If
any provision of this Agreement is declared unenforceable or invalid for any reason, the validity of the other provisions, terms
and clauses of this Agreement will not be affected.

 

6.6. The
eventual abstention of any of the Parties from exercising the rights and privileges provided for in this Agreement will not mean
their waiver or novation, which may be invoked or exercised at any time, in compliance with the legislation in force. Any waiver
can only be challenged when granted in writing.

 

6.7. The Parties recognize
that the duties and obligations provided for in this Agreement are subject to specific performance, under the terms of the applicable
legislation, and this agreement, executed by two witnesses, constitutes an extrajudicial execution instrument for all purposes
and effects of the applicable legislation.

 

6.8. This
Agreement will be governed and interpreted in accordance with the laws of the Federative Republic of Brazil. Any controversies
or disputes arising from or in relation to this Agreement will be heard and settled by the court of the district of the City of
São Paulo, State of São Paulo, at the exclusion of any other, however privileged it may be.

 

6.9. The Parties and the
two witnesses execute this Agreement through electronic means, provided that the Parties hereby declare and expressly agrees,
for the purposes of the article 10, paragraph 2, of the Provisional Measure (Medida Provisória) No. 2.200-2, of
August 24, 2001, that their signatures through electronic means are binding, effective, efficient and provides authenticity,
integrity and legal validity to this instrument, being this Agreement an extrajudicial executive title for all legal
purposes.

 

    8Exhibit 10.3

 

AMENDMENT TO THE INDEMNITY FOR NON-COMPETITION
AGREEMENT AND OTHER COVENANTS

 

By this private instrument:

 

I – STNE PARTICIPAÇÕES
S.A., a joint stock company enrolled with the CNPJ/ME under No. 35.767.420/0001-82, with head-office in the city of São
Paulo, State of São Paulo, at Rua Gomes de Carvalho, no 1609, 5o andar, Vila Olímpia, Zip Code (CEP) 04547-006,
herein represented in accordance with its Bylaws (“Company”); and

 

II – ALBERTO MENACHE, Brazilian,
married, business manager, bearer of the Identity Card RG No. 24.257.036-7 SSP/SP, enrolled with the CPF/ME under No. 172.636.238-89,
resident and domiciled in the City of São Paulo, State of São Paulo, with commercial address at Avenida Doutora Ruth
Cardoso, No. 7221, Suite 701, Block A, Room 1, Edifício Birmann 21, CEP 05425-902,
an executive officer of LINX S.A., Publicly-Held Company, with head-office in the city of São Paulo, State
of São Paulo, at Avenida Doutora Ruth Cardoso, No. 7221, cj. 701, Bl. A, room 1, Edifício Birmann 21, Zip Code (CEP)
05425-902, enrolled with CNPJ/ME under No. 06.948.969/0001-75 and with its acts of incorporation duly filed with the Board
of Trade of the State of São Paulo - JUCESP under NIRE 35.300.316.584, herein represented in accordance with its Bylaws
(“Linx”) (“Alberto” and, jointly with the Company, “Parties”),

 

III - STONECO LTD., company duly
incorporated and validly existing under the laws of the Cayman Islands, enrolled with the CNPJ/ME under No. 31.752.270/0001-82,
with head-office at Harbour Place, 4th floor, No. 103 Church St., PO Box 10240 KY1-1002, Georgetown, Cayman Islands,
herein represented in accordance with its acts of incorporation (“StoneCo”);

 

WHEREAS:

 

A.    On
August 11th, 2020, the Parties executed a certain Indemnity for Non-Competition Agreement and Other Covenants (“Agreement”),
with its effectiveness conditioned to the occurrence of the Closing of the Transaction;

 

B.   StoneCo
understands that the agreement of Linx Shareholders, which are the founders and key people of Linx’s management, with notable
experience in the activity sector of Linx, to enter into non-competition agreements, is an essential condition to the preservation
of their interests after the conclusion of the Transaction, in order to prevent them from competing with StoneCo, Linx and companies
of their economic group;

 

C.   According
to the understandings maintained between the Parties, the Agreement was renegotiated with the purpose of, among
other amendments: (i) amend the term of the Agreement, and, as a result of this, (ii) renegotiate the amounts previously agreed;
and

 

    1

    

    

 

D.    The Parties aim to amend and restate the Agreement, pursuant to terms herein agreed.

 

NOW, THEREFORE, the Parties have
decided to enter into this Amendment to the Indemnity for Non-Competition Agreement and Other Covenants (“Amendment”),
which shall be governed by the following terms and conditions:

 

CHAPTER I – AMENDMENT TO THE AGREEMENT

 

1.1. The Parties hereby agree to amend and
restate the Agreement, which shall be in force in the terms of Exhibit I.

 

1.2. All references in Exhibit I
to “this date”, “on this date”, “signing date” and similar terms shall be considered as the
signing date of the Agreement, i.e., August 11th, 2020.

 

1.3. This Amendment is accessory to the
Agreement and must be read and construed as if it was contained therein, for all purposes. Any disputes, controversies or litigation
shall be submitted to the dispute resolution mechanism provided for in Section 6.8 of the Agreement.

 

1.4.  The Parties and the two witnesses
execute this Amendment by electronic means, provided that the Parties hereby declare and expressly agree, for the purposes of Article
10, paragraph 2nd of the Provisional Measure (Medida Provisória) No. 2.200-2, of August 24, 2001, that their
signatures through electronic means are binding, effective and confer authenticity, integrity and legal validity to this instrument,
being this Agreement an extrajudicial executive title for all legal purposes.

 

In witness whereof, the Parties execute
this Amendment in 2 (two) counterparts of equal content and form, before the 2 (two) witnesses below.

 

São Paulo, September 1st,
2020.

 

STNE
Participações S.A.

 

	/s/ Thiago dos Santos Piau	 	/s/ Rafael Martins Pereira
	By: Thiago dos Santos Piau

	By: Rafael Martins Pereira
		 	 
	 	 	 
	/s/ Alberto Menache	 	 

ALBERTO MENACHE

 

StoneCo
Ltd.

	/s/ Thiago dos Santos Piau	 	/s/ Rafael Martins Pereira
	By: Thiago dos Santos Piau 	 	By: Rafael Martins Pereira

 

Witnesses:

 

	1.	/s/ Danilo Kamiji	 	2.	/s/ Valeria Paludeti Freire
	Name:   Danilo Kamiji	 	Name:   Valeria Paludeti Freire

 

    2

    

    

 

EXHIBIT I

 

INDEMNITY FOR NON-COMPETITION AGREEMENT
AND OTHER COVENANTS

 

(as executed on August 11th,
2020 and amended on September 1st, 2020)

 

By this private instrument:

 

I – STNE PARTICIPAÇÕES
S.A., a joint stock company enrolled with the CNPJ/ME under No. 35.767.420/0001-82, with head-office in the city of São
Paulo, State of São Paulo, at Rua Gomes de Carvalho, no 1609, 5o andar, Vila Olímpia, Zip Code (CEP) 04547-006,
herein represented in accordance with its Bylaws (“STNE” or “Company”); and

 

II – ALBERTO MENACHE, Brazilian,
married, business manager, bearer of the Identity Card RG No. 24.257.036-7 SSP/SP, enrolled with the CPF/ME under No. 172.636.238-89,
resident and domiciled in the City of São Paulo, State of São Paulo, with commercial address at Avenida Doutora Ruth
Cardoso, No. 7221, Suite 701, Block A, Room 1, Edifício Birmann 21, CEP 05425-902,
an executive officer of LINX S.A., Publicly-Held Company, with head-office in the city of São Paulo, State
of São Paulo, at Avenida Doutora Ruth Cardoso, No. 7221, cj. 701, Bl. A, room 1, Edifício Birmann 21, Zip Code (CEP)
05425-902, enrolled with CNPJ/ME under No. 06.948.969/0001-75 and with its acts of incorporation duly filed with the Board
of Trade of the State of São Paulo - JUCESP under NIRE 35.300.316.584, herein represented in accordance with its Bylaws
(“Linx”) (“Alberto” and, jointly with the Company, “Parties”),

 

III - STONECO LTD., company duly
incorporated and validly existing under the laws of the Cayman Islands, enrolled with the CNPJ/ME under No. 31.752.270/0001-82,
with head-office at Harbour Place, 4th floor, No. 103 Church St., PO Box 10240 KY1-1002, Georgetown, Cayman Islands,
herein represented in accordance with its acts of incorporation (“StoneCo”);

 

WHEREAS:

 

(i)        Linx
is part of an economic group that operates in the payment methods and corporate management software markets in Brazil;

 

(ii)       Alberto
has a relevant role in Linx; and

 

(iii)      
The Parties wish to regulate the terms and conditions of the non-competition and non-solicitation obligations of Alberto in
relation to STNE, StoneCo and Linx, that for the purposes of this Agreement are, jointly or individually or with their
respective subsidiaries and/or affiliated referred as “Stone Group”,
as well as the companies of their economic group, and to establish, in return, the indemnity to be paid by the Company on his behalf
for this purpose.

 

    3

    

    

 

NOW, THEREFORE, THE PARTIES decided
to enter into this Indemnity for Non-Competition Agreement and Other Covenants (“Agreement”), in accordance
with the following terms and conditions:

 

1.        NON
SOLICITATION

 

1.1.     Alberto
undertakes to, directly or indirectly (either in his own name or in the name of any other person, enterprise, company, association
or any other entity or form of business), during the period of 5 (five) years from the closing date (“Closing”)
of the transaction provided in the Association Agreement, executed by and between Alberto, StoneCo, DLP Capital LLC, DLPPAR Participações
S.A., and, as intervening parties, Linx and the Company, on August 11th, 2020 and amended on this date (“Association
Agreement”), through which they have established the terms and conditions to the business combination between Linx and
the Company (“Transaction”):

 

(i)      
 not to solicit, entice, incite, divert, withdraw or attempt to solicit, incite, divert or withdraw any customer,
supplier, distributor or business of Stone Group or its economic group companies, nor in any way interfere in the
relationship maintained between Stone Group and its current or future customers and/or suppliers and/or distributors;

 

(ii)
      not to solicit or encourage any person to quit his job or stop providing services to Stone
Group or any other company in its economic group, whether such person is an employee or a service provider or another
executive officer;

 

(iii)      not
to solicit any of Stone Group's employees or executive officers; and/or

 

(iv)      not
to start undertakings, negotiations, or any other type of understanding, as well as not to enter into final commitments and/or
agreements with an objective equivalent or similar to the business of Stone Group.

 

1.2.     Alberto
declares and agrees that the restrictions and clauses set forth in this Agreement are reasonable and necessary for the protection
of the business and of the interests of Stone Group. Alberto also declares that violation of any of these clauses will cause Stone
Group serious and irreparable losses and damages.

 

1.3.     The
Parties hereby agree that the non-solicitation obligation of Alberto will not apply for Mrs. Lúcia Conceição
da Cunha and Mr. Simon Menache.

 

    4

    

    

2.        NON-COMPETITION

 

2.1.     Alberto
undertakes to, directly or indirectly (either in his own name or in the name of any other person, enterprise, company, association
or any other entity or form of business), during the period of 5 (five) years from the Closing:

 

(i)        refrain
from, directly or through any natural person or legal entity, such as, including, without limitation, any company that has an ownership
interest (is controlled by, controls or is under common control with), any employee, servant, director or administrator, as well
as their spouses and other related persons, by affinity or consanguinity, up to the second degree, as well as any company under
the control of any of these persons, it being certain that “control” has the meaning attributed to it by art. 116 of
the Brazilian Corporation Act (hereinafter referred to as “Related Parties”) to: (i.1) own, manage, operate,
advise, associate, provide services, cooperate, give information or provide documents, provide consultancy, have equity interest,
control, participate in the ownership, administration, operation or control, or be bound as a partner, shareholder, employee, director,
officer, service provider, consultant or otherwise acting in any business or organization, whether for profit or not, in any business
developed by competing companies indicated in Clause 2.4., or with its controlled, affiliated, allied and/or companies in which
Stone Group holds an interest; (i.2) own, manage, operate, advise, associate, provide services, cooperate, give information
or provide documents, provide consultancy, have equity interest, control, participate in the ownership, administration, operation
or control, or be bound as a partner, shareholder, employee, board member, director, service provider, consultant or otherwise
acting in any business or organization, whether for profit or not, which, directly or indirectly, carries out activities related
to Stone Group and/or their businesses, including, but not limited to, activities related to consultancy and risk management related
to the means of payment in general and management software segments in Brazil for the retail sector; and investments in individuals
or legal entities, operating in the segments of means of payment in general, financial services for retail, and management software
in Brazil for the retail sector; and/or

 

(ii) not establish or maintain
any business relationship with any employees and/or suppliers and/or customers and/or distributors and/or business partners and/or
consultants of Stone Group, its controlled and affiliated companies, and companies in which Stone Group holds interest, which may
adversely affect them and/or the relationships and business between Stone Group, its controlled and affiliated companies, and companies
in which Stone Group holds interest and said employees, suppliers, customers, distributors, business partners or consultants.

 

 

    5

    

    

2.2. It is agreed between the
Parties, to avoid any conflict of interpretation of the previous clause, and by way of example, that Alberto's non-compete obligation
also applies to companies that have as preponderant activity (i) Management
and Operation of Credit Cards, Intermediation of Payment Methods Business in general and financial services for the sector of retail,
including sub-buyers, multi-buyers and gateways to the physical online world; and (ii) corporate management software (ERP)
for the retail sector, operating in any classification (ERP, CRM, SCM, etc).

 

2.3.     The
restrictions and other conditions established in this Agreement are valid and applicable only in the national territory, especially
in the places where Stone Group, or companies in which Stone Group holds interest, carry out or may come to carry out its business.

 

2.4.     For
the purposes of this Agreement, a competitor of Stone Group, or of its controlled and affiliated companies those companies that
have as preponderant activity (i) Management and Operation of Credit Cards, Intermediation of Payment Methods Business
in general and financial services for the sector of retail, including sub-buyers, multi-buyers and gateways to the physical online
world; and (ii) corporate management software (ERP) for the retail sector, operating in any classification (ERP, CRM, SCM,
etc).

 

2.5.     It
is hereby agreed that the following situations are expressly permitted and will not be considered as a violation by Alberto of
the non-compete obligation: (i) holding of passive minority interest, equal to up to 10% of the total share capital, in any publicly-held
companies in Brazil; (ii) investments in any discretionary investment funds that are not exclusive; (iii) election as a member
of the Board of Directors of other Brazilian companies, provided that they are not considered competitors of the Stone Group under
the terms of this agreement; and (iv) controlling Brazilian companies that are not considered competitors of the Stone Group under
the terms of this agreement.

 

3. INDEMNITY

 

3.1. In consideration for Alberto's
compliance with the obligations provided for in this Agreement, Stone Group will pay, on behalf of Alberto, through the transfer
of 340,476 (three hundred and forty thousand, four hundred and seventy-six) Class A shares issued by StoneCo, being provided that
1/5 of those shares shall be transferred on the date of the 1st (first) anniversary of the Closing, 1/5 on the date
of the 2nd (second) anniversary of the Closing, 1/5 on the date of the 3rd (third) anniversary of the Closing,
1/5 on the date of the 4th (forth) anniversary of the Closing and 1/5 on the date of the 5th (fifth) anniversary
of the Closing (“Indemnification”), being herein established that the transfer of each installment of the Indemnification
shall be conditioned to the effective fulfillment by Alberto of the obligations assumed on this Agreement.

 

3.2.     Stone
Group undertakes to take all applicable measures to make Stone Group to pay the Indemnification to Alberto, through the transfer
of the Class A shares of StoneCo, as long as Alberto is in compliance with its non-competition obligations provided herein.

 

    6

    

    

3.3.    
The Parties hereby agree that the number of class A shares to be issued by StoneCo and to be transferred to Alberto shall be
automatically adjusted in order to reflect any transactions of share split, reverse share split, bonus shares involving the shares
issued by StoneCo.

 

3.4.    
The rights related to the payment of the Indemnification to Alberto, in the context of this Agreement, shall not be affected
by statement of inability, permanent or temporary disability and/or death of Alberto, being provided that Alberto and/or its inheritors
or successors, as the case may be, shall be entitled to the payment of the total amount of the Indemnification not yet paid and
which would be due until the end of this Agreement, provided that this Agreement also obliges and imposes constraints to the relatives
and family members of Alberto.

 

3.5.    
Stone Group shall reduce the number of Class A shares to be transferred to Alberto in order to proceed to the tax deductions
required by Law, provided that Alberto will receive the net value of the Indemnification, after the applicable deductions.

 

4.      ACKNOWLEDGMENT OF PAYMENT

 

4.1. Alberto herein acknowledges
and agrees that the transfer of StoneCo shares, under the terms of this Agreement, by Stone Group, constitute fair, adequate and
sufficient compensation for the continuous fulfillment of the terms and timeframes of this Agreement, particularly the non-solicitation
and non-competition obligations.

 

5.        DEFAULT

 

5.1.     Failure
by Alberto to comply with the obligations provided for in this Agreement will give rise to payment of a compensatory fine to Stone
Group, equivalent to 100% of the total amount of the Indemnification, that has already been paid to Alberto, net from taxes, without
prejudice to the losses and damages incurred and any actions Stone Group may take to cease the competing activity by Alberto, except
if the infringement is resolved by Alberto within 30 (thirty) days after written notice by Stone Group.

 

6.        MISCELLANEOUS

 

6.1.     This
Agreement is executed on the date hereof and it will be automatically effective through the occurrence of the closing of the Transaction.

 

6.2.     The
Parties declare that they have carefully reviewed the terms of this Agreement and that they have fully understood its content.
The Parties further declare that they have freely and voluntarily agreed to all terms and conditions set forth in this Agreement.

 

    7

    

    

6.3.     Neither
Party may assign this Agreement or any of its rights or obligations hereunder to any third party without the prior and express
consent of the other Party.

 

6.4.     This
Agreement is binding on, benefits and will be enforceable by the Parties and their respective successors and authorized assigns.
This Agreement is entered into on an irrevocable and irreversible basis. The Parties undertake to fully comply with and enforce
all that is agreed between them in this Agreement, and, therefore, acknowledge and claim that any attitude and/or action taken
in disagreement with the provisions hereof and/or that represents a violation of the obligations assumed by the Parties in this
Agreement, shall be null and void, as regards them or any third party.

 

6.5.     If
any provision of this Agreement is declared unenforceable or invalid for any reason, the validity of the other provisions, terms
and clauses of this Agreement will not be affected.

 

6.6.     The
eventual abstention of any of the Parties from exercising the rights and privileges provided for in this Agreement will not mean
their waiver or novation, which may be invoked or exercised at any time, in compliance with the legislation in force. Any waiver
can only be challenged when granted in writing.

 

6.7.     The
Parties recognize that the duties and obligations provided for in this Agreement are subject to specific performance, under the
terms of the applicable legislation, and this agreement, executed by two witnesses, constitutes an extrajudicial execution instrument
for all purposes and effects of the applicable legislation.

 

6.8.     This
Agreement will be governed and interpreted in accordance with the laws of the Federative Republic of Brazil. Any controversies
or disputes arising from or in relation to this Agreement will be heard and settled by the court of the district of the City of
São Paulo, State of São Paulo, at the exclusion of any other, however privileged it may be.

 

6.9.     The
Parties and the two witnesses execute this Agreement through electronic means, provided that the Parties hereby declare and expressly
agrees, for the purposes of the Article 10, Paragraph 2nd, of the Provisional Measure (Medida Provisória)
No. 2.200-2, of August 24, 2001, that their signatures through electronic means are binding, effective, efficient and provides
authenticity, integrity and legal validity to this instrument, being this Agreement an extrajudicial executive title for all legal
purposes.

 

    8

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