Document:

EX-4.4

 Exhibit 4.04 

NOTE PURCHASE AGREEMENT 

THIS NOTE PURCHASE AGREEMENT (“Agreement”) is made as of February 22, 2017, by and among NETSHOES (CAYMAN)
LIMITED, an exempted company formed under the laws of the Cayman Islands (the “Company”), and the lenders (each, a “Lender” and collectively, the “Lenders”) named on Schedule A attached hereto.
Capitalized terms not otherwise defined in this Agreement shall have the meanings ascribed to them in Section 1 below. 

WHEREAS, each of the Lenders pursuant to this Agreement is committing to provide the Total Commitment Amount set forth opposite each
Lender’s name on Schedule A hereto pursuant to the terms and conditions of this Agreement; 
 WHEREAS, each of the Lenders
intends to fund the Initial Consideration (being a portion of the Commitment) at the applicable Initial Closing and, if required pursuant to the terms of this Agreement, the Option Consideration (being the remaining portion of the Commitment) at the
Option Closing, in each case pursuant to the terms and conditions of this Agreement; and 
 WHEREAS, the parties wish to provide for
the sale and issuance of Notes by the Company in return for the payment by the Lenders of the Initial Consideration and the Option Consideration. 

NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS: 
  

	1.	Definitions. 

 (a) “Affiliate” shall mean, with respect
to any Person, any other Person that, directly or indirectly, through one or more intermediaries, Controls or is Controlled by, or is under Common Control with (including, without limitation, in the case of any Lender that is an entity, under common
management with), such Person; provided that, for the purposes of this Agreement, no entity other than entities managed or controlled by GIC Pte Ltd. shall be deemed an Affiliate of the GIC Investor. In the event the Person is an individual,
the term “Affiliate” shall mean his or her spouse, parent, son or daughter or a non-individual Person that he or she Controls. 

(b) “Articles” shall mean the Company’s Third Amended and Restated Memorandum and Articles of
Association, as it may be amended from time to time. 
 (c) “Brazilian Company” shall mean NS2.COM Internet
S.A., a Brazilian sociedade anônima with head offices in Rua Vergueiro, 943, Liberdade, São Paulo-SP, 01504-001, Brazil, Brazilian taxpayer registration CNPJ no. 09.339.936/0001-16. 

(d) “Business Day” shall mean a day other than a Saturday, Sunday or any other day on which banks located in
New York, New York are authorized or required by law to close. 
 (e) “Commitment” shall mean, with respect
to each Lender, the commitment to loan the Company the Total Commitment Amount set forth opposite such Lender’s name on Schedule A hereto pursuant to the terms and conditions of this Agreement. 

(f) “Control” (including correlative terms “Controls,” “Controlling,” “Controlled
by” and “under common Control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, including the power
to elect the majority of the members of the board of directors and/or other bodies governing the affairs of such Person, whether through the ownership of voting securities, by contract or otherwise. 

(g) “Conversion Price” shall mean: 

(i) with respect to a conversion pursuant to Section 2.2(a) below, (x) if such conversion occurs on or before the
date that is six months after the date of this Agreement (the “Six Months Date”), 90% of the New Purchase Price; (y) if such conversion occurs after the Six Months Date and on or before the date that is one year after the date
of this Agreement (the “Twelve Months Date”), 85% of the New Purchase Price; and (z) if such conversion occurs after the Twelve Months Date, 80% of the New Purchase Price; provided, however, that every six months after the
Twelve Months Date, the Conversion Price shall decrease by an additional 2.5% of the New Purchase Price; 
 (ii) with respect
to a conversion pursuant to Section 2.2(b) below, (x) if such conversion occurs on or before the Six Months Date, 90% of the IPO Price; (y) if such conversion occurs after the Six Months Date and on or before the Twelve Months Date,
85% of the IPO Price; and (z) if such conversion occurs after the Twelve Months Date, 80% of the IPO Price; provided, however, that every six months after the Twelve Months Date, the Conversion Price shall decrease by an additional 2.5% of the
IPO Price; and 
  

  
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 (iii) with respect to a conversion pursuant to Section 2.2(c) below,
(x) if such conversion occurs on or before the Six Months Date, 90% of the Corporate Transaction Price; (y) if such conversion occurs after the Six Months Date and on or before the Twelve Months Date, 85% of the Corporate Transaction
Price; and (z) if such conversion occurs after the Twelve Months Date, 80% of the Corporate Transaction Price; provided, however, that every six months after the Twelve Months Date, the Conversion Price shall decrease by an additional 2.5% of
the Corporate Transaction Price. 
 (h) “Conversion Shares” shall, for purposes of determining the type of
Equity Securities issuable upon conversion of the Notes, mean: 
 (i) if the Notes are converted to equity pursuant to
Section 2.2(a) below, the Equity Securities issued in the Next Equity Financing; 
 (ii) if the Notes are converted to
equity pursuant to Section 2.2(b) below, the Equity Securities issued in the Initial Public Offering; and 
 (iii) if
the Notes are converted to equity pursuant to Section 2.2(c) below, ordinary shares of the Company. 
 (i)
“Corporate Transaction” shall mean any transaction defined as a “Liquidity Event” in the Articles; provided, however, that an Initial Public Offering shall not constitute a Corporate Transaction for the purposes of this
Agreement. 
 (j) “Corporate Transaction Price” shall mean the price per ordinary share in the Corporate
Transaction. 
 (k) “Equity Securities” shall mean the Company’s shares or any securities conferring
the right to purchase the Company’s shares or securities convertible into, or exchangeable for (with or without additional consideration), the Company’s shares; provided, however, that for the purposes of this Agreement the
term Equity Securities shall not include (i) securities issued to employees, directors, consultants and other service providers for the primary purpose of soliciting or retaining their services pursuant to plans or agreements approved by the
Company’s Board of Directors and (ii) convertible promissory notes issued pursuant to this Agreement or any other agreement or instrument approved by the Company’s Board of Directors. 

(l) “GIC Investor” shall mean Archy LLC, a limited liability company organized and existing under the laws of
the State of Delaware, United States of America. 
 (m) “Governmental Entity” shall mean any domestic or
foreign governmental, regulatory or administrative authority, agency or commission, any court, tribunal or arbitral body, or any quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental authority. 

(n) “IFC” shall mean International Finance Corporation. 

(o) “Initial Closing” shall mean, with respect to each Lender, the sale and issuance by the Company of a Note
to such Lender in exchange for the payment of the Initial Consideration by such Lender, in accordance with the terms and conditions of this Agreement. 

(p) “Initial Consideration” shall mean, with respect to each Lender, the amount of money payable by such
Lender pursuant to this Agreement at the applicable Initial Closing, as shown on Schedule B hereto. 
 (q) “Initial
Public Offering” shall mean the closing of the issuance and sale of shares of Equity Securities of the Company in the Company’s first underwritten public offering pursuant to an effective registration statement under the Securities
Act. 
 (r) “IPO Price” shall mean the price per share at which the Company’s Equity Securities are
initially sold by the underwriters to the public in the Initial Public Offering, without taking account any discounts or concessions. 

(s) “Maturity Date” shall mean the date that is two years after the date of this Agreement. 

(t) “New Purchase Price” shall mean the price paid per share in cash for Equity Securities by the investors in
the Next Equity Financing other than as a result of conversion of indebtedness. 
 (u) “Next Equity
Financing” shall mean the next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement (i) that is approved by the Supermajority Noteholders, (ii) that is primarily for bona
fide equity financing purposes and (iii) from which the Company receives net proceeds of not less than $50 million (excluding the aggregate amount of debt securities converted into Equity Securities upon conversion of convertible indebtedness,
including, without limitation, the Notes pursuant to Section 2.2 below). 
 (v) “Notes” shall mean the
one or more promissory notes issued to each Lender pursuant to Section 2.1 below, the form of which is attached hereto as Exhibit A. 

(w) “Option Consideration” shall mean, with respect to each Lender, the amount of money payable by such Lender
pursuant to this Agreement at the Option Closing, as shown on Schedule C hereto. 
 (x) “Payment Grid” shall
mean, with respect to each Lender, the Payment Grid (as defined in the Note issued to such Lender at the applicable Initial Closing). 
  

  
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 (y) “Person” shall mean any individual, corporation, general or
limited partnership, limited liability company, joint stock company, joint venture, estate, trust, association, organization or any other entity or Governmental Entity. 

(z) “Policy Agreement” shall mean that certain Policy Agreement, by and between the Company and IFC, dated as
of March 20, 2015. 
 (aa) “Riverwood Investors” shall mean, collectively, Riverwood Capital Partners
II, L.P., Riverwood Capital Partners II (Parallel-B) L.P., Boscolo Intervest Limited and Macro Continental, Inc. 
 (bb)
“Securities Act” shall mean the United States Securities Act of 1933, as amended. 
 (cc) “Share
Plan” shall mean the Company’s 2012 Share Plan, as it may be amended from time to time. 
 (dd)
“Shareholders’ Agreement” shall mean that certain Fourth Amended and Restated Shareholders’ Agreement, dated as of March 20, 2015, by and among the Company and the parties thereto, as it may be amended from time to
time. 
 (ee) “Subsidiary” shall mean each of the subsidiaries of the Company including, without limitation,
the Brazilian Company, NS5 Participações Ltda., NS6 Serviços e Consultoria Internet Ltda., Netshoes Holdings, LLC, NS3 Internet S.A., NS4.com Internet S.A. de C.V., and NS4 Servicios de Mexico S.A. de C.V. 

(ff) “Supermajority Noteholders” shall mean (i) prior to the Option Closing, the holders of Notes with an
aggregate principal amount equal to at least 66.67% of the aggregate principal amount of the Notes purchased at the Initial Closings and (ii) after the Option Closing, the holders of Notes with an aggregate principal amount equal to at least
66.67% of the aggregate principal amount of the Notes purchased at the Initial Closings and the Option Closing collectively. 

(gg) “Tiger Investors” shall mean Tiger Global Private Investment Partners V, L.P. and Tiger Global Private
Investment Partners VI, L.P. 
 (hh) “Total Commitment Amount” shall mean the amount of money committed to
be paid by each Lender pursuant to this Agreement, as shown on Schedule A hereto. 
  

	2.	Terms of the Notes. 

  

	 	2.1	Issuance of Notes. 

 (a) Initial Closing. Subject to the terms and
conditions of this Agreement, at the applicable Initial Closing, each Lender agrees to pay the Company the Initial Consideration set forth opposite such Lender’s name on Schedule B hereto, and the Company agrees to issue to each Lender a Note
reflecting payment by such Lender of the Initial Consideration set forth opposite such Lender’s name on Schedule B hereto. Each such Note shall be convertible into Conversion Shares pursuant to Section 2.2 below. 

(b) Option Closing. Subject to the terms and conditions of this Agreement, at the Option Closing each Lender agrees to
pay the Company the Option Consideration set forth opposite such Lender’s name on Schedule C hereto, and the Company agrees to deliver to each Lender an updated Payment Grid reflecting such Lender’s payment of the Initial Consideration and
the Option Consideration. Each such Note shall be convertible into Conversion Shares pursuant to Section 2.2 below. 
  

	 	2.2	Right to Convert Notes. 

 (a) Next Equity Financing. The then
outstanding principal and unpaid accrued interest of each Note shall be automatically converted into Conversion Shares upon the closing of the Next Equity Financing. The number of Conversion Shares to be issued upon such conversion shall be equal to
the quotient obtained by dividing (i) the outstanding principal and unpaid accrued interest due on a Note to be converted on the date of the conversion by (ii) the Conversion Price. At least five (5) days prior to the closing of the
Next Equity Financing, the Company shall notify the holder of each Note in writing of the terms (in reasonable summary detail) under which the Equity Securities will be sold in such financing. Subject to Section 8.12 below, the issuance of
Conversion Shares pursuant to the conversion of each Note shall otherwise be upon and subject to the same terms and conditions applicable to the Equity Securities sold in the Next Equity Financing. 

(b) Initial Public Offering. The then outstanding principal and unpaid accrued interest of each Note shall be
automatically converted into Conversion Shares upon the closing of the Initial Public Offering. The number of Conversion Shares to be issued upon conversion shall be equal to the quotient obtained by dividing (i) the outstanding principal and
unpaid accrued interest due on a Note to be converted on the date of the conversion by (ii) the Conversion Price. 
  

  
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 (c) Corporate Transaction. The then outstanding principal and unpaid
accrued interest of each Note shall be automatically converted into Conversion Shares immediately prior to the closing of the Corporate Transaction. The number of Conversion Shares to be issued upon conversion shall be equal to the quotient obtained
by dividing (i) the outstanding principal and unpaid accrued interest due on a Note to be converted on the date of the conversion by (ii) the Conversion Price. 

(d) No Fractional Shares. Upon the conversion of a Note into Conversion Shares, in lieu of any fractional shares to
which the holder of the Note would otherwise be entitled, the Company shall pay the Note holder cash equal to such fraction multiplied by the Conversion Price. 

(e) Mechanics of Conversion. The Company shall not be required to issue or deliver the Conversion Shares until the Note
holder has surrendered the Note to the Company. Such conversion may be made contingent upon the closing of the Next Equity Financing, Initial Public Offering or Corporate Transaction. 

 

	3.	Closing Mechanics. 

  

	 	3.1	Initial Closing. 

 (a) On or prior to the date of this Agreement, the
Company shall deliver to each Lender a letter (the “Initial Closing Notice”) that includes (i) a written request for payment of the Initial Consideration and (ii) wire instructions for the bank account to which the Initial
Consideration should be transferred. The Initial Closing Notice shall be accompanied by resolutions of the Company’s Board of Directors and, as applicable, shareholders authorizing and approving the sale of the Notes to the Lenders. 

(b) Subject to performance by the Company of its obligations under Section 3.1(a), each Initial Closing shall take place
remotely via teleconference, e-mail or likewise (i) with respect to the Tiger Investors, CDK Net Limited and HCFT Holdings, LLC, on the date of this Agreement, and (ii) with respect to Clemenceau Investments Pte Ltd., the Riverwood
Investors, the GIC Investor and IFC, on the date that is five Business Days after the date of this Agreement. 
 (c) At the
applicable Initial Closing, each Lender shall pay the Initial Consideration to the Company by wire transfer to the account set forth in Exhibit B hereto, and the Company shall deliver to each Lender an executed Note in return for the Initial
Consideration provided to the Company. 
  

	 	3.2	Option Closing. 

 (a) Between March 1, 2017 and December 31,
2017 (the “Option Period”), the Company shall have the option (the “Option”), in its sole discretion, to borrow the Option Consideration from the Lenders in accordance with Section 2.1(b) and the other terms
and conditions of this Agreement; provided, however, that the Option and Option Period shall automatically terminate effective immediately upon conversion of the then outstanding principal and unpaid accrued interest on the Notes into Conversion
Shares in accordance with Section 2.2 or any other conversion of the then outstanding principal and unpaid accrued interest on the Notes into Equity Securities (any such event, an “Option Termination Event”). Upon the
occurrence of an Option Termination Event, the Option shall be of no further force and effect, the Lenders shall have no further obligations to the Company with respect to the Option Consideration, and the Company shall have no further obligations
to the Lenders with respect to the Option Closing. 
 (b) If an Option Termination Event has not occurred, the Company may
exercise the Option any time during the Option Period by delivering to each Lender written notice (the “Option Closing Notice”) of such election at least ten Business Days prior to the contemplated closing of the payment of the
Option Consideration by each Lender in exchange for delivery by the Company to each such Lender of an updated Payment Grid pursuant to Section 2.1(b) and this Section 3.2 (the “Option Closing”). The Option Closing Notice
shall include (i) notice of the Company’s election to exercise the Option, (ii) a request for payment of the Option Consideration and (iii) wire instructions for the bank account to which the Option Consideration should be
transferred. The Option Closing Notice shall be accompanied by resolutions of the Company’s Board of Directors authorizing and approving, as applicable, the borrowing of the Option Consideration and updating of each Lender’s Payment Grid
to reflect the Lenders’ payment of their respective Initial Consideration and Option Consideration. Notwithstanding the foregoing, if an Option Termination Event occurs following the delivery of the Option Closing Notice but prior to the Option
Closing, the Lenders shall have no further obligations to the Company with respect to the Option Consideration. 
 (c) The
Option Closing shall take place remotely via teleconference, e-mail or likewise on the tenth Business Day following the date of receipt by the Lenders, by electronic mail or facsimile, of the Option Closing Notice from the Company, or at such other
time as shall be mutually agreed upon orally or in writing by the Company and Lenders purchasing a majority in interest of the aggregate principal amount of the Notes to be sold at the Option Closing. At the Option Closing, each Lender shall pay the
Option Consideration to the Company by wire transfer to the account set forth in Exhibit B hereto and, in consideration therefor, the Company shall deliver to each Lender an updated Payment Grid reflecting payment by such Lender of the
Initial Consideration and the Option Consideration. 
  

  
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 (d) Notwithstanding anything to the contrary in this Agreement, the Company may
not exercise the Option, and the Lenders shall not have any obligation to pay the Option Consideration, at any time when the Obligations (as defined below) are due and payable pursuant to Section 7.2 of this Agreement. 

 

	4.	Representations, Warranties and Agreements of the Company. 

 4.1
Representations and Warranties of the Company. In connection with the transactions provided for herein, the Company hereby represents and warrants to each Lender, as of (i) the date of this Agreement, (ii) the date of the Initial
Closing applicable to such Lender, and (iii) the date of the Option Closing, that: 
 (a) Organization, Good Standing
and Qualification. The Company is an exempted company duly organized, validly existing and in good standing under the laws of the Cayman Islands and has all requisite corporate power and authority to carry on its business as now conducted and as
proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties. Each Subsidiary is duly
organized, validly existing and in good standing under the laws of its respective jurisdiction of formation and has all requisite power and authority to carry on its business as now conducted and as proposed to be conducted. Each Subsidiary is duly
qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on such Subsidiary’s business or properties. 

(b) Capitalization and Voting Rights. 

(i) Immediately prior to the date of this Agreement, the authorized capital of the Company consists of 7,250,000 ordinary
shares, having a par value of $0.01 per share, 6,968,409 of which are issued and outstanding. 
 (ii) The outstanding
ordinary shares are all duly and validly authorized and issued, fully paid and nonassessable, and were issued in accordance with the laws of the Cayman Islands. 

(iii) Except for (A) the conversion privileges of the Notes to be issued under this Agreement, (B) the rights
provided in Section 3.3 of the Shareholders’ Agreement, Article 7 of the Articles and Article 4 of the Policy Agreement, and (C) options outstanding as of the date of this Agreement to purchase 124,848 ordinary shares granted to
employees and other service providers pursuant to the Share Plan, there are not outstanding any options, warrants, rights (including conversion or preemptive rights) or agreements for the purchase, acquisition or subscription from, or redemption by,
the Company of any of its share capital. In addition to the aforementioned options, the Company has reserved as of the date of this Agreement an additional 51,935 ordinary shares for purchase upon the exercise of options to be granted in the future
under the Share Plan. 
 (c) Authorization. Except for the authorization and issuance of the shares issuable in
connection with the conversion of the Notes, all corporate action has been taken on the part of the Company, its officers, directors and shareholders necessary for the authorization, execution, delivery and performance of this Agreement and the
Notes. This Agreement and the Notes constitute valid and legally binding obligations of the Company, enforceable in accordance with their respective terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium,
and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

  
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 (d) Compliance with Other Instruments. Neither the authorization,
execution and delivery of this Agreement, nor the issuance and delivery of the Notes or the performance by the Company of its obligations under this Agreement or the Notes, will constitute or result in a default or violation of (i) any law or
regulation applicable to the Company or any of its Subsidiaries, (ii) any term or provision of the Company’s Articles, the Shareholders’ Agreement, or the organizational documents of any of the Subsidiaries, or (iii) any material
agreement or instrument by which the Company or any Subsidiary is bound or to which the properties or assets of the Company or any Subsidiary is subject. 

(e) Valid Issuance of Shares. The Notes and the Conversion Shares to be issued, sold and delivered upon conversion of
the Notes will, upon their issuance, be duly and validly issued without violating any preemptive rights, fully paid and nonassessable and, based in part upon the representations and warranties of the Lenders in this Agreement, will be issued in
compliance with all applicable federal and state securities laws. 
 (f) Governmental Consents. No consent, approval,
order or authorization of, or registration, qualification, designation, declaration or filing with any Governmental Entity on the part of the Company or any Subsidiary is required in connection with the consummation of the transactions contemplated
by this Agreement. 
 (g) Offering. Subject in part to the truth and accuracy of the Lenders’ representations set
forth in Section 5 of this Agreement, the offer, sale, purchase and issuance of the Securities as contemplated by this Agreement are exempt from the registration requirements of any applicable securities laws, and neither the Company nor any
authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemption. 
 4.2
Formation of Committees. On or prior to the date that is three months after the date of this Agreement, the Company shall establish an Audit Committee of the Board of Directors that meets all requirements that will apply to the Company at the
time of the Initial Public Offering. On or prior to the Six Months Date, the Company shall establish a Compensation Committee of the Board of Directors and a Nominating and Corporate Governance Committee of the Board of Directors, in each case that
(i) meets all requirements that will apply to the Company at the time of the Initial Public Offering or (ii) if established after the Initial Public Offering, meets all requirements then applicable to the Company. 

4.3 Post-Issue Filings. The Company shall undertake all post-issue filings required to be made by the Company
associated with the sale and purchase of the Notes in the time prescribed for the same under applicable law. 
 4.4
Additional Issuances of Equity Securities. For so long as any of the Notes remain outstanding, without the prior written consent of the Supermajority Noteholders, the Company shall not issue any promissory notes convertible into the
Company’s shares or any securities conferring the right to purchase the Company’s shares or securities convertible into, or exchangeable for (with or without additional consideration) the Company’s shares. 

 

	5.	Representations, Warranties and Additional Agreements of the Lenders. 

5.1 Representations and Warranties of the Lenders. In connection with the transactions provided for herein, each Lender,
severally and not jointly, hereby represents and warrants to the Company (provided that such representations and warranties do not lessen or obviate the representations and warranties of the Company set forth in this Agreement, the rights of the
Lenders to rely thereon, or the protections afforded Lenders under this Agreement and by law and in equity), as of (i) the date of this Agreement, (ii) the date of the Initial Closing applicable to such Lender, and (iii) the date of
the Option Closing, that: 
 (a) Authorization. This Agreement constitutes such Lender’s valid and legally
binding obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization, or similar laws relating to or affecting the enforcement of creditors’ rights and
(ii) laws relating to the availability of specific performance, injunctive relief or other equitable remedies. Each Lender represents that it has full power and authority to enter into this Agreement. 

(b) Purchase Entirely for Own Account. Each Lender acknowledges that this Agreement is made with such Lender in reliance
upon such Lender’s representation to the Company that the Notes, the Conversion Shares and any shares issuable upon conversion of the Conversion Shares (collectively, the “Securities”) will be acquired for investment for
Lender’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that such Lender has no present intention of selling, granting any participation in, or otherwise distributing the same.
By executing this Agreement, each Lender further represents that such Lender does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with
respect to the Securities. 
  

  
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 (c) Disclosure of Information. Each Lender acknowledges that it has
received all the information it considers necessary or appropriate for deciding whether to acquire the Securities. Each Lender further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the offering of the Securities. 
 (d) Investment Experience. Each Lender is an investor in
securities of companies at a similar stage of development as the Company and acknowledges that it is able to fend for itself, can bear the economic risk of its investment and has such knowledge and experience in financial or business matters that it
is capable of evaluating the merits and risks of the investment in the Securities. If other than an individual, each Lender also represents it has not been organized solely for the purpose of acquiring the Securities. 

(e) Accredited Investor. Each Lender is an “accredited investor” within the meaning of Rule 501 of Regulation
D promulgated under the Securities Act, as presently in effect (“Rule 501”). 
 (f) No General
Solicitation. The offer to sell the Notes was directly communicated to each Lender by the Company or its representatives and each Lender did not learn of the investment in the Notes as a result of any public advertising or general solicitation.
Each Lender confirms that it has had a substantive pre-existing relationship and direct contact with the Company and its representatives other than in connection with an Initial Public Offering, it was not identified or contacted through the
marketing of an Initial Public Offering and it did not independently contact the Company as a result of a general solicitation by means of a registration statement. 

(g) Restricted Securities. Each Lender understands that the Securities are characterized as “restricted
securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such securities may be resold without
registration under the Securities Act only in certain limited circumstances. Each Lender represents that it is familiar with Rule 144 promulgated under the Securities Act, as presently in effect (“Rule 144”), and understands the
resale limitations imposed thereby and by the Securities Act. 
 5.2 Further Limitations on Disposition. Without in
any way limiting the representations and warranties set forth above, each Lender further agrees not to make any disposition of all or any portion of the Securities unless and until the transferee has agreed in writing for the benefit of the Company
to be bound by this Section 5, Section 8.11 and: 
 (a) There is then in effect a registration statement under the
Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; 

(b) (i) Lender has notified the Company of the proposed disposition and has furnished the Company with a detailed
statement of the circumstances surrounding the proposed disposition and (ii) if reasonably requested by the Company, Lender shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such
disposition will not require registration of such shares under the Securities Act. It is agreed that the Company will not require opinions of counsel for transactions made pursuant to Rule 144; or 

(c) the disposition is to (i) an Affiliate of such Lender or (ii) in the case of a Lender that is a venture capital,
private equity or other similar investment fund in connection with a distribution of the Securities upon liquidation or dissolution of such Lender, to the partners, members, shareholders or other equity holders of such Lender; provided, however,
that in the case of a disposition pursuant to Section 5.2(c)(i), the Lender shall inform the Company of such disposition prior to effecting it. 

5.3 Legends. It is understood that the Securities shall bear the following legend: 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.” 
  

  
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 5.4 Bad Actor Representations and Covenants. Each Lender hereby represents
and warrants to the Company that such Lender has not been convicted of any of the felonies or misdemeanors or has been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D promulgated by the
SEC (as it may be amended from time to time (“Rule 506(d)”), which as a matter of convenience are excerpted in their current form on Exhibit C. Each Lender covenants to, upon request by the Company, provide written notice to
the Company prior to any future issuance of Equity Securities or securities of any subsidiary of the Company in reliance upon Rule 506 of Regulation D promulgated by the SEC, as may be amended from time to time, if such Lender is convicted of any
felony or misdemeanor or becomes subject to any order, judgment, decree or other condition set forth in Rule 506(d). Each Lender covenants to provide such information to the Company as the Company may reasonably request in order to comply with the
disclosure obligations set forth in Rule 506(e) of Regulation D promulgated by the SEC, as may be amended from time to time, to the extent the same is applicable to the issuance and sale of securities to such Lender. 

5.5 Exculpation Among Lenders. Each Lender acknowledges that it is not relying upon any person, firm, corporation or
shareholder, other than the Company and its officers and directors in their capacities as such, in making its investment or decision to invest in the Company. Each Lender agrees that no Lender, nor the respective Controlling persons, officers,
directors, partners, agents, shareholders or employees of any Lender, shall be liable to any other Lender for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Securities. 

 

	6.	Conditions to Initial Closing and Option Closing. 

 6.1 Initial
Closing. The obligation of each Lender to pay the Initial Consideration to the Company at the applicable Initial Closing is subject to the satisfaction, as of such Initial Closing, of each of the conditions set forth in this Section 6.1:

 (a) The representations and warranties of the Company set forth in this Agreement shall be true and correct in all
respects as of the applicable Initial Closing; provided, however, that representations and warranties of the Company that are made as of a specified date need only be true and correct in all respects as of such date. 

(b) The Company shall have complied in all material respects with all the covenants and agreements contained herein that are
required to be performed by the Company prior to such Initial Closing. 
 (c) Since the date of the Agreement, there shall
not have occurred any material adverse change in the business, affairs, operations, properties, assets or condition of the Company and its Subsidiaries. 

(d) With respect to the obligation of IFC to pay the Initial Consideration, the Company shall have executed and delivered to
IFC that certain Amendment to Policy Agreement. 
 6.2 Option Closing. The obligations of the Lenders to pay the
Option Consideration to the Company at the Option Closing are subject to the satisfaction, as of the Option Closing, of each of the conditions set forth in this Section 6.2: 

(a) The representations and warranties of the Company set forth in this Agreement shall be true and correct in all respects as
of the Option Closing; provided, however, that representations and warranties of the Company that are made as of a specified date need only be true and correct in all respects as of such date. 

(b) The Company shall have complied in all material respects with all the covenants and agreements contained herein that are
required to be performed by the Company prior to the Option Closing. 
 (c) Since the date of the Agreement, there shall not
have occurred any material adverse change in the business, affairs, operations, properties, assets or condition of the Company and its Subsidiaries, and an officer of the Company shall have delivered to the Lenders a certificate certifying to the
same. 
  

	7.	Defaults and Remedies. 

 7.1 Events of Default. Any of the
following events shall be considered an “Event of Default” with respect to each Note: 
 (a) The Company
shall default in the payment of any part of the principal, unpaid accrued interest or other amount on the Note when such amount is due; 

(b) A material breach of any representation or warranty provided by the Company in this Agreement; 

  
 8 

 (c) The Company or a Subsidiary shall make an assignment for the benefit of
creditors, or shall admit in writing its inability to pay its debts as they become due, or shall file a voluntary petition for bankruptcy, or shall file any petition or answer seeking for itself any reorganization, arrangement, composition,
readjustment, dissolution or similar relief under any present or future statute, law or regulation, or shall file any answer admitting the material allegations of a petition filed against the Company or such Subsidiary in any such proceeding, or
shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of the Company or such Subsidiary, or of all or any substantial part of the properties of the Company or such Subsidiary, or the Company or such
Subsidiary or any of its respective directors or majority stockholders shall take any action looking to the dissolution or liquidation of the Company or such Subsidiary; 

(d) Within thirty (30) days after the commencement of any proceeding against the Company or a Subsidiary seeking any
bankruptcy reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such proceeding shall not have been dismissed, or within thirty (30) days
after the appointment without the consent or acquiescence of the Company or a Subsidiary of any trustee, receiver or liquidator of the Company or such Subsidiary or of all or any substantial part of the properties of the Company or such Subsidiary,
such appointment shall not have been vacated; 
 (e) Any default or defined event of default that has not otherwise been
cured or waived within fifteen (15) days after written notice to the Company or a Subsidiary from the applicable lender of such default or defined event of default shall occur under any agreement to which the Company or a Subsidiary is a party
that evidences indebtedness for borrowed money by the Company or a Subsidiary (excluding trade payables) of at least $500,000 and the payment of which shall have been accelerated by the applicable lender; or 

(f) The Company shall fail to observe or perform any other covenant or obligation to be observed or performed by it under this
Agreement or the Notes within fifteen (15) days after written notice from the Supermajority Noteholders to perform or observe such obligation. 

7.2 Remedies. 

Upon the occurrence of an Event of Default, at the option and upon the declaration of the Supermajority Noteholders, the entire
unpaid principal and accrued and unpaid interest on the Notes (the “Obligations”) shall, without presentment, demand, protest, or notice of any kind, all of which are hereby expressly waived, be forthwith due and payable, and the
Supermajority Noteholders may, immediately and without expiration of any period of grace, enforce payment of all amounts due and owing under such Notes and exercise any and all other remedies granted to them at law, in equity or otherwise;
provided, that upon an Event of Default under Section 7.1(c) or Section 7.1(d) hereof, the Obligations shall automatically and immediately be due and payable without further action by the Supermajority Noteholders. 

 

	8.	Miscellaneous. 

 8.1 Successors and Assigns. Except as otherwise
provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties; provided, however, (i) the Company may not assign its rights or obligations
under this Agreement without the prior written consent of the Supermajority Noteholders and (ii) without first obtaining the written consent of the Company and the Supermajority Noteholders, no Lender may assign its obligations under this
Agreement to any Person other than (i) an Affiliate of such Lender or (ii) any other Lender. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors
and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

8.2 Governing Law. This Agreement and the Notes shall be governed by and construed under the laws of the State of New
York as applied to agreements among New York residents, made and to be performed entirely within the State of New York. 

8.3 Counterparts; Delivery. This Agreement may be executed by electronic signature and in two (2) or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one (1) and the same instrument. Counterparts may be delivered by facsimile, electronic mail (including pdf) or other transmission method and
any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

  
 9 

 8.4 Titles and Subtitles. The titles and subtitles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
 8.5
Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic
mail or facsimile if sent during normal business hours of the recipient and, if not so confirmed, then on the next business day (provided, that notice to IFC by electronic mail shall not be deemed effective until such time as IFC acknowledges
receipt of such notice by return electronic mail), (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the following addresses (or at such other addresses as shall be specified by notice given in
accordance with this Section 8.5): 
 If to the Company: 

NETSHOES (CAYMAN) LIMITED 

Campbells Corporate Services Limited 

Floor 4, Willow House, Cricket Square, 

P.O. Box 268 

Grand Cayman KY1-9010, 

Cayman Islands 

E-mail: flavio.franco@netshoes.com 

If to Lenders: 

At the respective addresses shown on the signature pages hereto. 

8.6 Finder’s Fee. Each party represents that it neither is nor will be obligated for any finder’s fee or
commission in connection with this transaction. Each Lender, severally and not jointly, agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature of a finder’s fee (and the costs
and expenses of defending against such liability or asserted liability) for which such Lender or any of its officers, partners, employees or representatives is responsible. The Company agrees to indemnify and hold harmless each Lender from any
liability for any commission or compensation in the nature of a finder’s fee (and the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers, employees or representatives is
responsible. 
 8.7 Expenses. 

(a) Subject to the provisions of Section 8.14, if any action at law or in equity is necessary to enforce or interpret the
terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. Each party hereto shall pay all costs and
expenses that it incurs with respect to the negotiation, execution, delivery and performance of this Agreement. 
 (b) The
Company shall pay all taxes, fees or other charges payable on or in connection with the execution, issue, purchase, delivery, registration, translation or notarization of this Agreement, the Notes and any other documents related to this Agreement.

 8.8 Entire Agreement; Amendments and Waivers. This Agreement, the Notes and the other documents expressly
delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. The Company’s agreements with each of the Lenders are separate agreements, and the sales of
the Notes to each of the Lenders are separate sales. Nonetheless, any term of this Agreement and any term of the Notes may be amended, and the observance of any term of this Agreement and any term of the Notes may be waived (either generally or in a
particular instance and either retroactively or prospectively), with the written consent of the Company and the Supermajority Noteholders; provided, however, that any amendment or waiver that adversely affects the rights of any Lender
under this Agreement differently than such amendment or waiver affects the rights of any other Lender under this Agreement (any such Lender, an “Adversely Affected Lender”) shall also require the approval of each Adversely Affected
Lender; and provided further, that this Agreement may not be amended prior to the date that is ten days after the date of this Agreement without the prior written consent of the Company and the Lenders with an aggregate Total Commitment
Amount equal to at least 66.67% of the aggregate Total Commitment Amounts of all Lenders. Any waiver or amendment effected in accordance with this Section shall be binding upon (i) each party to this Agreement, (ii) each holder of any Note
purchased under this Agreement at the time outstanding and (iii) each future holder of all such Notes. 

  
 10 

 8.9 Effect of Amendment or Waiver. Subject to the terms of
Section 8.8, each Lender acknowledges that by the operation of Section 8.8 hereof the Supermajority Noteholders will have the right and power to diminish or eliminate all rights of the Lenders under this Agreement and each Note issued to
the Lenders. 
 8.10 Severability. If one or more provisions of this Agreement are held to be unenforceable under
applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms. 

8.11 “Market Stand-Off” Agreement. 

(a) Each Lender hereby agrees that the Securities constitute “Shares or any securities convertible into or exercisable or
exchangeable for Shares” under the Shareholders’ Agreement and, as such, are subject to the restrictions set forth in Section 2.14 of the Shareholders’ Agreement (“Market Stand-Off Agreement”). 

(b) Each Lender agrees that a legend reading substantially as follows shall be placed on all certificates representing all
capital stock of the Company of each Lender (and the shares or securities of every other person subject to the restriction contained in this Section 8.11): 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD AFTER THE EFFECTIVE DATE OF THE ISSUER’S REGISTRATION
STATEMENT FILED UNDER THE ACT, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SECURITIES, A COPY OF WHICH MAY BE OBTAINED AT THE ISSUER’S PRINCIPAL OFFICE. SUCH LOCK-UP PERIOD IS BINDING ON
TRANSFEREES OF THESE SHARES. 
 8.12 Financing Documents. Each Lender understands and agrees that the conversion of
the Notes into Conversion Shares may require such Lender’s execution of certain agreements in the form agreed to by investors in the Next Equity Financing relating to the purchase and sale of such securities as well as registration, co-sale,
rights of first refusal, rights of first offer and voting rights, if any, relating to such securities. 
 8.13 Further
Assurance. From time to time, the Company shall use its commercially reasonable efforts to execute and deliver to the Lenders such additional documents and shall provide such additional information to the Lenders as the Supermajority Noteholders
may reasonably require to carry out the terms of this Agreement and the Notes and any agreements executed in connection herewith or therewith. 

8.14 Dispute Resolution. 

(a) Any disputes, differences or claims whatsoever arising out of or related to this Agreement, including but not limited to
its existence, validity, interpretation, performance, termination or breach (each a “Dispute”) shall first be submitted for amicable resolution by a written request for negotiation from any party to this Agreement, setting out brief
details of the Dispute, to all of the other parties, delivered in the manner described in Section 8.5 above (a “Dispute Notice”). Upon delivery of the Dispute Notice, the parties to the Dispute shall attempt to resolve any
Dispute amicably. If for any reason the parties to the Dispute do not amicably resolve the Dispute within thirty (30) days after delivery of the Dispute Notice, the Dispute shall, upon the election of any party to the Dispute, be submitted to
final and binding arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce (“ICC”) then in effect (the “Rules”), except as modified herein. 

(b) The arbitration proceeding shall be conducted by a tribunal of three (3) arbitrators. 

(c) If there are only two (2) parties to the arbitration, one arbitrator shall be nominated by the claimant and the other
shall be nominated by the respondent in accordance with the Rules, and the third arbitrator, who shall serve as the president of the arbitral tribunal, shall be nominated by the parties, through their party-nominated arbitrators, within fifteen
(15) days from the confirmation by the ICC Court of Arbitration (the “ICC Court”) of the appointment of the second arbitrator. In the event that one of the parties fails to timely nominate an arbitrator, the appointment shall
be made by the ICC Court. Should the parties be unable to timely agree upon the selection of the president of the arbitral tribunal, the president shall be appointed by the ICC Court within ten (10) days of a request for an appointment or as
soon as practicable thereafter. 
  

  
 11 

 (d) In the event that the arbitration proceeding involves multiple claimants or
multiple respondents, the multiple claimants, jointly, and the multiple respondents, jointly, shall each nominate one arbitrator in accordance with the Rules, and those two party-nominated arbitrators shall, within fifteen (15) days from the
confirmation by the ICC Court of the appointment of the second such arbitrator, jointly nominate the president of the arbitral tribunal. In the absence of such joint nomination either by the joint claimants or by the joint respondents, the ICC Court
shall appoint the arbitrators for both the claimants and the respondents. If the two arbitrators nominated by the joint claimants and joint respondents respectively fail to timely and jointly nominate a president of the arbitral tribunal, the ICC
Court shall appoint the president of the arbitral tribunal within ten (10) days of a request for appointment or as soon as practicable thereafter. If at any time a vacancy occurs in the arbitral tribunal, the vacancy shall be filled in the same
manner and subject to the same requirements as provided for in the original appointment to that position. 
 (e) The
arbitration shall be held, and the award shall be rendered, in São Paulo, SP, Brazil, in English and Portuguese. In the event of any inconsistency or conflict between the English and Portuguese versions of the award, the English version shall
prevail. The prevailing party or parties, as determined by the arbitral tribunal, shall be entitled to recover its costs and reasonable attorneys’ fees from the non-prevailing party or parties. 

(f) For the avoidance of doubt, this Section 8.14 equally binds all parties to this arbitration agreement. The parties
hereby agree to submit to and comply with all the terms and conditions of this Section 8.14, which shall be in full force and effect, irrevocable, and subject to specific performance, if necessary. The parties expressly agree that no additional
instrument or condition is required to give this Section 8.14 full force and effect, including but not limited to the “compromisso” under article 10 of Brazilian Federal Law No. 9.307 of September 23, 1996. 

(g) Each party retains the right to seek the judicial assistance of any court of competent jurisdiction to: (i) compel
arbitration; (ii) apply for interim measures of protection of rights prior to the constitution of the arbitral tribunal, and any such action shall not be construed as a waiver of the arbitration proceedings by the parties; (iii) enforce
any decision of the arbitral tribunal, including the final award, and (iv) other proceedings expressly admitted by Brazilian Federal Law No. 9.307, of September 23, 1996. Without prejudice to such provisional remedies as may be
available under the jurisdiction of any court, the arbitrators, (and, where applicable, an emergency arbitrator appointed pursuant to the Rules) shall have full authority to grant provisional and permanent remedies or order the parties to request
that a court modify or vacate any temporary or preliminary relief issued by such court, and to award damages for the failure of any party to respect the arbitral tribunal’s orders to that effect. In the event a party seeks any relief in aid of
arbitration in the courts of Brazil, the parties hereby stipulate that the request for arbitration shall be deemed in compliance with the requirements of Article 806 of the Brazilian Code of Civil Procedure. The parties consent to service of process
in the manner provided in Section 8.5 above. 
 (h) Any arbitration hereunder shall be confidential, and the parties and
their agents agree not to disclose to any third party the existence or status of the arbitration and all information made known and documents produced in the arbitration not otherwise in the public domain, and all awards arising from the
arbitration, except and to the extent that disclosure is required by law and is required to protect or pursue a legal right. 

(i) The arbitral tribunal is authorized to award costs and attorneys’ fees and to allocate them between the parties in the
dispute. The costs of the arbitration proceedings, including arbitrators’ and attorneys’ fees, shall be borne in the manner determined by the arbitral tribunal, taking into account that the prevailing party shall be entitled to recover its
costs, including attorneys’ fees, for the arbitral proceedings, as well as for any ancillary proceeding, including a proceeding to compel or enjoin the arbitration, or to request interim measures. The arbitral tribunal shall be the exclusive
judge of whether a party qualifies as a prevailing party for the purposes of this provision. 
 (j) The award of the arbitral
tribunal shall be final and binding. The parties waive any right to appeal, to the extent that a right to appeal may lawfully be waived. Each party retains the right to seek judicial assistance exclusively to: (i) compel arbitration;
(ii) apply for interim measures of protection of rights prior to the constitution of the arbitral tribunal, and any such action shall not be construed as a waiver of the arbitration proceedings by the parties; (iii) enforce any decision of
the arbitral tribunal, including the final award, and (iv) other proceedings expressly admitted by Brazilian Federal Law No. 9.307, of September 23, 1996. 

(k) Each of the parties acknowledges and agrees that no provision of this Agreement or of the Rules, nor the submission to
arbitration by IFC, in any way constitutes or implies a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions or applicable law.

 8.15 Survival. The representations, warranties, covenants and agreements made herein shall survive any Initial
Closing and the Option Closing. 
  

  
 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	NETSHOES (CAYMAN) LIMITED 
			
		 	By:	 	/s/    Marcio Kumruian        
		 	Name:	 	Marcio Kumruian
		 	Title:	 	Director
		 		 	
		 	

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDERS:
  

TIGER GLOBAL PRIVATE INVESTMENT PARTNERS V, L.P.
  

By: Tiger Global PIP Performance V, L.P.
 Its: General Partner

 
 By: Tiger Global PIP Management V, Ltd.

Its: General Partner

			
		 	By:	 	/s/    Steven Boyd        
		 	Name:	 	Steven Boyd
		 	Title:	 	General Counsel
		 		 	
	Address:	 	 9 West 57th Street, 35th Floor

New York, NY 10019

  

					
		 	 TIGER GLOBAL PRIVATE INVESTMENT PARTNERS VI, L.P.

 
 By: Tiger Global PIP Performance VI, L.P.

Its: General Partner
  

By: Tiger Global PIP Management VI, Ltd.
 Its: General
Partner

			
		 	By:	 	/s/    Steven Boyd        
		 	Name:	 	Steven Boyd
		 	Title:	 	General Counsel
		 		 	
	Address:	 	 9 West 57th Street, 35th Floor

New York, NY 10019

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

ARCHY LLC
  

			
		 	By:	 	/s/    Jeremy Kranz         
		 	Name:	 	Jeremy Kranz
		 	Title:	 	Authorized Signatory
		 		 	
	Address:	 	 c/o GIC Special Investments Pte Ltd

168 Robinson Road
 #37-01 Capital Tower

Singapore 068912

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

CLEMENCEAU INVESTMENTS PTE LTD.
  

			
		 	By:	 	/s/    Clemenceau Investments Pte Ltd.         
		 	Name:	 	
		 	Title:	 	
		 		 	
	Address:	 	 60B Orchard Road, #06-18 Tower 2

The Atrium@Orchard
 Singapore 238891

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDERS:
  

RIVERWOOD CAPITAL PARTNERS II, L.P.
  

By: Riverwood Capital II L.P., its

       General Partner
  

By: Riverwood Capital II G.P. Ltd., its

       General Partner

			
		 	By:	 	/s/    Francisco Alvarez-Demalde        
		 	Name:	 	Francisco Alvarez-Demalde
		 	Title:	 	Managing Director

  

					
		 	 RIVERWOOD CAPITAL PARTNERS II (PARALLEL-B) L.P.

 
 By: Riverwood Capital II L.P., its

       General Partner
  

By: Riverwood Capital II G.P. Ltd., its

       General Partner

			
		 	By:	 	/s/    Francisco Alvarez-Demalde        
		 	Name:	 	Francisco Alvarez-Demalde
		 	Title:	 	Managing Director
		 		 	
	Address:	 	 c/o Riverwood Capital Management

70 Willow Road, Suite 100
 Menlo Park, CA 94025

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

BOSCOLO INTERVEST LIMITED
  

			
		 	By:	 	/s/    Rafael Urquia II         
		 	Name:	 	Rafael Urquia II
		 	Title:	 	Secretary
		 		 	
	Address:	 	 Calle Malaga, No. 85
 La
Estancia de Santo Domingo
 Managua, Nicaragua
 Attn.:
Jaime J. Montealegre

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

MACRO CONTINENTAL, INC.
  

			
		 	By:	 	/s/    Carlos Gonzalez         
		 	Name:	 	Carlos Gonzalez
		 	Title:	 	Director
		 		 	
	Address:	 	 c/o Rivas Capital LLC
 222 Third
Street, Suite 3211
 Cambridge, MA 02142

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

INTERNATIONAL FINANCE CORPORATION
  

			
		 	By:	 	/s/    Nikunj Jinsi         
		 	Name:	 	Nikunj Jinsi
		 	Title:	 	Global Head, Venture Capital
		 		 	
	Address:	 	 International Finance Corporation

2121 Pennsylvania Avenue, N.W.
 Washington, D.C. 20433

 
 Facsimile: +1 (202) 522-3743

E-mail: Spetersen@ifc.org
 Attention: Director, TMT, Venture
Capital and Funds Department
  
 With a copy (in the case of communications relating to
payments) sent to the attention of the Director, Department of Financial Operations at:
  

Facsimile: +1 (202) 522-3064

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

CDK NET LIMITED
  

			
		 	By:	 	/s/    Marcio Kumruian         
		 	Name:	 	Marcio Kumruian
		 	Title:	 	
		 		 	
	Address:	 	 Deltec House
 Western Road, P.O.
Box N-3229
 New Providence, The Bahamas

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

					
		 	 LENDER:
  

HCFT HOLDINGS, LLC
  

			
		 	By:	 	/s/    Marcelo Chammas         
		 	Name:	 	Marcelo Chammas
		 	Title:	 	Manager
		 		 	
	Address:	 	

 SIGNATURE PAGE TO NOTE
PURCHASE AGREEMENT 
 FOR NETSHOES (CAYMAN)
LIMITED (2017 BRIDGE) 
  

 SCHEDULE A 

Total Commitments 
  

					
	 Lender
	  	Total Commitment Amount	 
	 Tiger Global Private Investment Partners V, L.P.
	  	 	$20,090,038.00	 
	 Tiger Global Private Investment Partners VI, L.P.
	  	 	$6,666,667.00	 
	 Archy LLC
	  	 	$7,537,150.00	 
	 Clemenceau Investments Pte Ltd.
	  	 	$6,227,899.00	 
	 Riverwood Capital Partners II, L.P.
	  	 	$4,597,284.00	 
	 Riverwood Capital Partners II (Parallel-B) L.P.
	  	 	$1,202,940.00	 
	 Boscolo Intervest Limited
	  	 	$85,301.00	 
	 Macro Continental, Inc.
	  	 	$85,301.00	 
	 International Finance Corporation
	  	 	$1,507,420.00	 
	 CDK Net Limited
	  	 	$1,500,000.00	 
	 HCFT Holdings, LLC
	  	 	$500,000.00	 
	 TOTAL
	  	 	$50,000,000	 
		  	  
	  
	 

 SCHEDULE B 

Initial Funding Amounts 
 Initial
Closing 
  

					
	 Lender
	  	Commitment Amount	 
	 Tiger Global Private Investment Partners V, L.P.
	  	 	$12,054,023.00	 
	 Tiger Global Private Investment Partners VI, L.P.
	  	 	$4,000,000.00	 
	 Archy LLC
	  	 	$4,522,290.00	 
	 Clemenceau Investments Pte Ltd.
	  	 	$3,736,739.00	 
	 Riverwood Capital Partners II, L.P.
	  	 	$2,758,370.00	 
	 Riverwood Capital Partners II (Parallel-B) L.P.
	  	 	$721,764.00	 
	 Boscolo Intervest Limited
	  	 	$51,181.00	 
	 Macro Continental, Inc.
	  	 	$51,181.00	 
	 International Finance Corporation
	  	 	$904,452.00	 
	 CDK Net Limited
	  	 	$900,000.00	 
	 HCFT Holdings, LLC
	  	 	$300,000.00	 
	 TOTAL
	  	 	$30,000,000.00	 
		  	  
	  
	 

 SCHEDULE C 

Option Funding Amounts 
 Option
Closing 
  

					
	 Lender
	  	Commitment Amount	 
	 Tiger Global Private Investment Partners V, L.P.
	  	 	$8,036,015.00	 
	 Tiger Global Private Investment Partners VI, L.P.
	  	 	$2,666,667.00	 
	 Archy LLC
	  	 	$3,014,860.00	 
	 Clemenceau Investments Pte Ltd.
	  	 	$2,491,160.00	 
	 Riverwood Capital Partners II, L.P.
	  	 	$1,838,914.00	 
	 Riverwood Capital Partners (Parallel-B) L.P.
	  	 	$481,176.00	 
	 Boscolo Intervest Limited
	  	 	$34,120.00	 
	 Macro Continental, Inc.
	  	 	$34,120.00	 
	 International Finance Corporation
	  	 	$602,968.00	 
	 CDK Net Limited
	  	 	$600,000.00	 
	 HCFT Holdings, LLC
	  	 	$200,000.00	 
	 TOTAL
	  	 	$20,000,000.00	 
		  	  
	  
	 

 EXHIBIT A 

FORM OF NOTE 

 THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT. 

CONVERTIBLE PROMISSORY NOTE 
  

 

			
	No. __-__	  	Date of Issuance
		  	
	$[Total Commitment Amount]	  	February             , 2017

 FOR VALUE RECEIVED, NETSHOES (CAYMAN) LIMITED, an exempted company formed under the laws of the Cayman
Islands (the “Company”), hereby promises to pay to the order of                      (the “Lender”), the lesser of
(i) [Total Commitment Amount] (the “Total Commitment Amount”) and (ii) the principal sum of all Advances (as defined below), as evidenced on the payment grid attached hereto as Schedule A (the “Payment
Grid”), in each case, together with interest thereon calculated pursuant to Section 3 below. Unless earlier converted into Conversion Shares pursuant to Section 2.2 of that certain Note Purchase Agreement dated February [ ], 2017
by and among the Company, the Lender and certain other investors (the “Purchase Agreement”), the principal and accrued interest shall be due and payable by the Company on the Maturity Date. 

This Note is one of a series of Notes issued pursuant to the Purchase Agreement, and each capitalized term not defined herein shall have the
meaning set forth in the Purchase Agreement. 
 1.         Advances; Payment. 

(a) The payment of the Initial Consideration and the payment of the Option Consideration in accordance with the terms of the
Purchase Agreement are each referred to herein as an “Advance.” 
 (b) All payments shall be made in lawful
money of the United States of America at the principal office of the Company, or at such other place as the holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to Costs (as defined below), if any,
then to accrued interest due and payable and any remainder applied to principal. Prepayment of principal, together with accrued interest, may not be made without the prior written consent of the Supermajority Noteholders. The Company hereby waives
demand, notice, presentment, protest and notice of dishonor. 
 2.         Record of
Advances. An authorized officer or director of the Company shall record Advances on the Payment Grid. Following each recordation of an Advance, the Company shall provide a copy of the Payment Grid to each Lender. The failure to record any
Advance on the Payment Grid shall not limit the obligation of the Company to repay such Advance and interest pursuant to the terms of the Purchase Agreement and this Note. 
  

 3.         Interest. Interest shall accrue on the
Lender’s Total Commitment Amount from the date of this Note and shall be calculated on the number of days elapsed and on the basis of a year of 360 days. Interest shall accrue (i) at a rate of four percent (4%) per annum, compounded
semiannually, for one year following the date of this Note and, thereafter, (ii) at a rate of six percent (6%) per annum, compounded semiannually. 

4.         Security. This Note is a general unsecured obligation of the Company. 

5.         Pari Passu Notes. Lender acknowledges and agrees that the payment of all or any
portion of the outstanding principal amount of this Note and all interest hereon shall be pari passu in right of payment and in all other respects to the other Notes issued pursuant to the Purchase Agreement. 

6.         Conversion of the Notes. This Note and any amounts due hereunder shall be
convertible into Conversion Shares in accordance with the terms of Section 2.2 of the Purchase Agreement. As promptly as practicable after the conversion of this Note, the Company at its expense shall (i) issue and deliver to the holder of
this Note, upon surrender of the Note, a certificate or certificates for the number of full Conversion Shares issuable upon such conversion and (ii) update the Company’s Register of Members to reflect the issuance of such Conversion
Shares. 
 7.         Events of Default. The provisions of Section 7 of the Purchase
Agreement (“Defaults and Remedies”) are hereby incorporated by reference into this Note to the same extent and with the same force as if fully set forth herein. 

8.         Amendments and Waivers; Resolutions of Dispute; Notice. The amendment or waiver of
any term of this Note, the resolution of any controversy or claim arising out of or relating to this Note and the provision of notice shall be conducted pursuant to the terms of the Purchase Agreement. 

9.         Successors and Assigns. Except as otherwise provided in the Purchase Agreement, the
terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties hereto; provided, however, (i) the Company may not assign its rights or obligations under this Note without
the prior written consent of the Supermajority Noteholders and (ii) without first obtaining the written consent of the Company and the Supermajority Noteholders, no Lender may assign its obligations under this Note to any Person other than
(i) an Affiliate of such Lender or (ii) any other Lender. Any transfer of this Note may be effected only pursuant to the Purchase Agreement and by surrender of this Note to the Company and reissuance of a new note to the transferee. The
Lender and any subsequent holder of this Note receives this Note subject to the foregoing terms and conditions, and agrees to comply with the foregoing terms and conditions for the benefit of the Company and any other Lenders. 

 

  
 2 

 10.         Officers and Directors not Liable. In
no event shall any officer or director of the Company be liable for any amounts due and payable pursuant to this Note. 

11.         Expenses. The Company hereby agrees, subject only to any limitation imposed by
applicable law, to pay all expenses, including reasonable attorneys’ fees and legal expenses, incurred by the holder of this Note in endeavoring to collect any amounts payable hereunder which are not paid when due, whether by declaration or
otherwise (collectively, “Costs”). The Company agrees that any delay on the part of the holder in exercising any rights hereunder will not operate as a waiver of such rights. The holder of this Note shall not by any act, delay,
omission or otherwise be deemed to have waived any of its rights or remedies, or in the case of IFC, any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions or applicable law, and
no waiver of any kind shall be valid unless in writing and signed by the party or parties waiving such rights or remedies. 

12.         Governing Law. This Note shall be governed by and construed under the laws of the
State of New York as applied to other instruments made by New York residents to be performed entirely within the State of New York. 

13.         Loss, Theft or Destruction of Note. Upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft or destruction of this Note and of indemnity or security reasonably satisfactory to the Company, the Company shall issue and deliver, in lieu of this Note, a new Note which shall carry the same rights
to interest carried by this Note, stating that such new Note is issued in replacement of this Note, making reference to the original date of issuance of this Note (and any successors hereto) and dated as of such cancellation. 

[Signature Page Follows] 
  

  
 3 

  

					
		 	 NETSHOES (CAYMAN) LIMITED
  

			
		 	By:	 	 
		 	Name:	 	Marcio Kumruian
		 	Title:	 	Director
		 		 	

					
		 	 ACKNOWLEDGED AND AGREED:
  

[LENDER]
  

			
		 	By:	 	 
		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO CONVERTIBLE
PROMISSORY NOTE 
 OF NETSHOES (CAYMAN)
LIMITED (FEBRUARY 2017) 
  

 SCHEDULE A 

Payment Grid 
  

							
	 Date of Advance
	  	 Amount of 
Advance
	  	 Entered By:

		  		  	(Printed Name of Officer or Director of Company)	  	(Signature of Officer or Director of Company)

 EXHIBIT B 

COMPANY WIRE INSTRUCTIONS 
 Account
Title/Beneficiary Name: Netshoes (Cayman) Limited 
 Bank: Citibank, NA, 153 E. 53rd St., 24th Floor, New York, NY 10022 
 ABA: 021000089 

Swift Code: CITIUS33 
 Account Number: 004970592367 

 EXHIBIT C 

RULE 506(D) BAD ACTOR REPRESENTATIONS 
 No
Lender: 
 (i) Has been convicted, within ten years before such sale (or five years, in the case of issuers, their predecessors and
affiliated issuers), of any felony or misdemeanor: 
  

	 	(A)	In connection with the purchase or sale of any security; 

  

	 	(B)	Involving the making of any false filing with the Commission; or 

  

	 	(C)	Arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities; 

(ii) Is subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before such sale, that, at
the time of such sale, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice: 
  

	 	(A)	In connection with the purchase or sale of any security; 

  

	 	(B)	Involving the making of any false filing with the Commission; or 

  

	 	(C)	Arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities; 

(iii) Is subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state
authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures
Trading Commission; or the National Credit Union Administration that: 
  

	 	(A)	At the time of such sale, bars the person from: 

  

	 	(1)	Association with an entity regulated by such commission, authority, agency, or officer; 

  

	 	(2)	Engaging in the business of securities, insurance or banking; or 

  

	 	(3)	Engaging in savings association or credit union activities; or 

  

	 	(B)	Constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct entered within ten years before such sale; 

 

 (iv) Is subject to an order of the Commission entered pursuant to section 15(b) or 15B(c) of the
Securities Exchange Act of 1934 (15 U.S.C. 78 o (b) or 78 o -4(c)) or section 203(e) or (f) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3(e) or (f)) that, at the time of such sale: 

 

	 	(A)	Suspends or revokes such person’s registration as a broker, dealer, municipal securities dealer or investment adviser; 

  

	 	(B)	Places limitations on the activities, functions or operations of such person; or 

  

	 	(C)	Bars such person from being associated with any entity or from participating in the offering of any penny stock; 

(v) Is subject to any order of the Commission entered within five years before such sale that, at the time of such sale, orders the person to
cease and desist from committing or causing a violation or future violation of: 
  

	 	(A)	Any scienter-based anti-fraud provision of the federal securities laws, including without limitation section 17(a)(1) of the Securities Act of 1933 (15 U.S.C. 77q(a)(1)), section 10(b) of the Securities Exchange Act of
1934 (15 U.S.C. 78j(b)) and 17 CFR 240.10b-5, section 15(c)(1) of the Securities Exchange Act of 1934 (15 U.S.C. 78 o (c)(1)) and section 206(1) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-6(1)), or any other rule or regulation
thereunder; or 

  

	 	(B)	Section 5 of the Securities Act of 1933 (15 U.S.C. 77e). 

 (vi) Is suspended or expelled
from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent
with just and equitable principles of trade; 
 (vii) Has filed (as a registrant or issuer), or was or was named as an underwriter in, any
registration statement or Regulation A offering statement filed with the Commission that, within five years before such sale, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, at the time of such
sale, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued; or 
 (viii) Is
subject to a United States Postal Service false representation order entered within five years before such sale, or is, at the time of such sale, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by
the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations.EX-10.1

 Exhibit 10.01 

PRIVATE INSTRUMENT OF LEASE ASSIGNMENT AND AFFIRMATION OF DEBT 

By this private instrument, the parties below (the “Parties”): 

PMG ADMINISTRADORA DE BENS LTDA., a limited liability business company with its principal place of business in the Capital City of the State of
São Paulo, at Rua George Eastman, 280, suite 76, Vila Tramontano, Postal Code 05690-000, enrolled with the Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) under No. 08.491.897/0001-05, herein represented in the form of
its Articles of Association (“PMG”); 
 MONTECCHIO DO BRASIL EMPREENDIMENTOS IMOBILIÁRIOS LTDA., a legal entity governed by private
law, with its principal place of business in the Capital City of the State of São Paulo, at Av. Morumbi, No. 6901, Suite 02, Morumbi, Postal Code: 05650-002, enrolled with the CNPJ/MF under No. 58.358.995/0001-47, successor of
“Empresa Patrimonial Industrial II Ltda.”, which, in turn, is the successor of “Administração e Participações Walter Torre Junior Ltda.” (“Montecchio”); 

ARGOS ARMAZÉNS GERAIS LTDA., a limited liability business company, with its principal place of business in the Municipality of Barueri, State of
São Paulo, at Avenida Aruanã, No. 700, enrolled with the CNPJ/MF under No. 01.181.970/0001-01, herein represented in the form of its Articles of Association, (“Argos”); 

ARGOS TRANSPORTES LTDA., a limited liability business company, with its principal place of business in the Municipality of Barueri, State of São
Paulo, at Avenida Aruanã, No. 700, 2nd Floor, enrolled with the CNPJ/MF under No. 52.811.908/0001-89, herein represented in the form of its Articles of Association, (“Argos
Transportes”); 
 NS2.COM INTERNET LTDA., a limited liability business company, with its principal place of business in the Capital City of the
State of São Paulo, at Rua Jardim Ivone, No. 17, Suites 103 and 104, 10th floor, Postal Code 04.105-020. enrolled with the CNPJ/MF under No. 09.339.936/0001-16, hereby duly
represented in the form of its Articles of Association (“NS2”); and 
 ZAREH CHABAB and his wife OVSANNA CHABAB, both Brazilian, he
a businessman and she a housewife, holders of the identity cards RG No. 2.359.869- SSP/SP and 6.460.506-1-SSP/SP, enrolled with the Individual Taxpayer Register of the Ministry of Finance (CPF/MF) under No. 046.625.208-00 and
086.420.658-20, respectively, married under the community property regime, before effectiveness of Federal Law No. 6.515/77, resident and domiciled in this Capital City of the State of São Paulo, at Rua Diógenes Ribeiro de Lima
No. 1040—Alto de Pinheiros, Postal Code 05458-001 (the “Guarantors”); 
 Whereas: 

 

	(i)	The company Administração e Participações Walter Torre Junior Ltda., subsequently merged into Montecchio, was the owner of the right to use and enjoy, under an emphyteusis granted by the
Federal Government, of a urban tract of land composed of allotment No. 18, of the land separation named “Centro Comercial e Empresarial Juriban”, in this district, municipality and Judicial District, with a total area of 22,413.39
square meters, described and characterized and confronted as follows: It faces Avenida Arunã and starts at point 47, it follows a curve developing for 100.07 meters until point 49; it deflects to the right with azimuth of
207o47’49” for 97.50 meters until point 46; it deflects to the right with azimuth of 27o47’49”, for 239.68 with allotment No. 19; from the 48 to the 46 with allotments 21 and 10; from the 46 to the 47, with
allotment No. 17, subject of title record No. 65.174 of the Real Estate Registry of the Judicial District of Barueri, and it leased said property, jointly with the building constructed on it, characterized as a Commercial Warehouse with
non-defined use, facing Avenida Aruanã, which has not received official number, with a total built area of 19,143.35 m2, to Argos, with the suretyship of Argos Transportes, for the definite
period from February 1, 2004 to January 31, 2008; 

  

	(ii)	On August 1, 2006, the right to use and enjoy the property leased to Argos was promised for sale to the company “Uittorenen do Brasil Participações Ltda.”, by means of the Deed of Promise of
Sale, With Price Release, granted by the company “Administração e Participações Walter Torre Junior Ltda.”, maintaining intact, however, the Private Instrument of Non-Residential Lease Agreement existing between
Montecchio, successor of the company “Administração e Participações Walter Torre Junior”, and Argos; 

  

	(iii)	On January 2, 2007, PMG became the borrower of the property in question, by means of the Private Instrument of Free Lease Agreement executed with the company “Uittorenen do Brasil Participações
Ltda.”, in the capacity as promisor buyer of the property leased to Argos; 

  

	(iv)	On February 5, 2008, PMG executed with Argos and Argos Transportes the Private Instrument of Non-Residential Lease Agreement (the “Lease Agreement”), relating to the urban property located in the
Municipality of Barueri, State of São Paulo, corresponding to allotment No. 18 of the separation property named CENTRO COMERCIAL E EMPRESARIAL JURUBAN, subject of title record No. 65.174 of the Real Estate Registry of the Judicial
District of Barueri (the “Property”); 

  

	(v)	As from the month of August 2008, lessee Argos ceased to pay the rent, lease charges and emphyteutic rent due to PMG and to Montecchio, in view of the Property lease, which led PMG and Montecchio to bring the
corresponding lawsuit claiming the eviction of Argos, in progress in the 5th Civil Court of the Judicial District of Barueri, under No. 068.01.2008.038497-5, as well as execution proceedings
to collect the overdue amounts, in progress in the 3rd Civil Court of the Judicial District of Barueri, under No. 068.01.2009.007190-6; 

 

	(vi)	NS2 is the current sublessee of the Property and it wishes to assume all rights and obligations of Argos under the Lease Agreement, with a new suretyship provided by the Guarantors, as well as to assume the Argos’
debt to PMG and to Montecchio, executing an agreement to be homologated in court in said claims for eviction and execution proceedings, so that NS2 is required to pay to PMG and to Montecchio only a portion of this debt; 

 

	(vii)	Argos wishes to assign to NS2 all its rights and obligations under the Lease Agreement; 

  

	(viii)	PMG and Montecchio agree with the assignment by Argos to NS2 of the rights and obligations under the Lease Agreement, pursuant to the provisions set forth herein; 

 

	(ix)	The Parties wish to change certain commercial conditions of the Lease Agreement; 

 NOW, THEREFORE, the Parties
resolve to execute this Private Instrument of Lease Assignment and Affirmation of Debt (the “Assignment”), in the following terms: 

1—ASSIGNMENT OF THE LEASE 
  

	1.1.	By this Assignment, Argos assigns to NS2 all its rights and obligations under the Lease Agreement. 

  

	1.1.1.	In view of the assignment formalized above, NS2 assumes, from now on, the capacity as lessee of the Property, with the suretyship of the Guarantors. 

 

	1.2.	The Guarantors hereby assume the capacity as guarantors of the lease, being jointly and severally liable to PMG and Montecchio for all obligations assumed by NS2, including in relation to payment of the already accrued
debt of rent, lease charges and emphyteutic rent, as explained below. 

  

	1.3.	PMG and Montecchio, in compliance with the provisions of section 9.1 of the Lease Agreement, appear to pronounce their express consent in relation to this Assignment by Argos to NS2. 

 

 2—AFFIRMATION, FORM OF PAYMENT AND GUARANTEE OF THE DEBT 

Argos expressly represents that it has a debt totaling, by May 31, 2009, the principal amount of two million, two hundred and eighty-four thousand, nine
hundred and thirty-two Reais, and twenty cents (R$2,284,932.20), relating to rent, lease charges and emphyteutic rent not paid by Argos to PMG in the total amount of R$2,225,159.19, as well as in relation to emphyteutic rent of years 2004,
2005 and 2007 not paid by Argos to Montecchio, in the total amount of R$59,773.01, all due under the Lease Agreement. 
  

	2.2	By this instrument, the parties resolve to agree on a reduction in the amount of the total debt to the total and single amount of one million Reais (R$1,000,000.00) solely and exclusively due to PMG, it being
understood that Montecchio hereby suspends collection of the portion of the debt owned by it, as set forth above, in the total amount of R$59,773.01, adjusted by May 31, 2009, it being understood that, in the event of full compliance with the
agreement, said portion of the debt due to Montecchio shall be extinguished by operation of law, all hereby assumed, by means of this instrument, by NS2, hereby jointly and severally with the Guarantors, assume the main liability for full payment of
the debt hereby acknowledged to PMG, in the total amount hereby agreed and reduced, which obligation is also inherent in the Property lease. 

  

	2.2.1.	NS2 is required to pay the overdue debt in the total amount indicated in Section 2.2 above, by means of ten (10) monthly, fixed, equal and successive installments, in the amount of one hundred thousand
Reais (R$100,000.00) each, the first of which shall be due on June 1st, 2009 and the others on the same day of the subsequent months, until final settlement. 

 

	2.2.2.	NS2 and the Guarantors are required to immediately become part of the procedural relationship existing in the case records of the action for eviction in progress in the
5th Civil Court of the Judicial District in Barueri, as well as the execution proceedings, in progress in the 3rd Civil Court of the Judicial
District in Barueri, for the purpose of homologating in court of the settlement represented by this instrument, which shall be automatically terminated if they fail to do so within up to 10 days as from the date of execution hereof.

  

	2.3	Failure to comply with the obligation assumed pursuant to the provisions of item 2.2 shall result in the eviction for lack of payment, as well as in continuance of the execution proceedings in the full amount mentioned
in item 2.1, including, in relation to the aforementioned portion of the debt owned by Montecchio, in the total amount of R$59,773.01, adjusted until May 31, 2009, all with the automatic increase of late payment interest at the rate of
1% per month and compensatory interest at the rate of 1%, as well as a fine of 15% and monetary restatement based on the table of the Court of Appeals of the State of São Paulo (TJ/SP), all as from May 31, 2009 to the date of actual
payment, irrespective of notice. 

  

	2.4.	For purposes of creation of supplementary guarantee of full payment of the debt referred to in Section 2.1. et seq. hereof, it is certain and agreed among the parties that the total amount of Argos’
debt mentioned in Section 2.1., hereby assumed by NS2 and by the Guarantors, is composed of two different parts, adjusted until May 31, 2009, as follows: 

 

	(a)	R$1,703,110.50, relating to the overdue rent relating to the months of August, September, October, November and December of the year 2008, as well as to the months of January and February 2009, in addition to the
overdue emphyteutic rent of the fiscal years 2004, 2005 and 2007, all overdue and not paid, according to the spreadsheet attached hereto (“Debt A”); and 

 

	(b)	R$581,821.70, relating to overdue rent relating to the months of March and April 2009, as well as to the emphyteutic rent of 2008, all overdue and not paid according to the spreadsheet attached hereto (“Debt
B”). 

  

	2.4.1.	NS2 and the Guarantors may only commence payment of Debt B after they have paid Debt A in full, all in the terms agreed hereunder, i.e., only after payment of the first eight (8) installments set forth in
Section 2.2. above. 

  

	2.4.2.	Both Debt A and Debt B are a single and inseparable obligation of NS2 and of the Guarantors, for purposes of the new property lease hereby wished by NS2, under penalty of eviction and execution proceedings with respect
to both debts. 

	2.4.3.	For purposes of this agreement among the Parties, Debt A hereby assumed by NS2 is hereby exclusively guaranteed by the suretyship provided by the Guarantors. 

 

	2.4.4.	For the same purposes of this agreement among the parties, Debt B hereby assumed by NS2 is hereby guaranteed by the Suretyship provided by the Guarantors, as well as by means of a future fiduciary sale of the property
consisting in apartment No. 192, located on the 19th floor of Building Miryade, located at Rua Maria Figueredo, No. 527, in the corner of Rua Otávio Nébias, in the 9th Subdistrict — Vila Mariana in the District, Municipality, Judicial District and 1st Real Estate District of this Capital City of the State
of São Paulo, perfectly described and characterized in Title Record No. 105.161 of the 1st Real Estate Registry of São Paulo, by means of public deed of fiduciary sale to be
granted to PMG, within a maximum term of up to five (5) days as from the date hereof, under penalty of automatic application of the same penalties set forth in Section 2.3 above, irrespective of notices or warnings. 

 

	2.4.5	In the event of future foreclosure on the fiduciary sale set forth in Section 2.4.4. above by PMG, in case an excess amount with respect to the total amount of Debt B is assessed, such excess amount shall not be
returned by PMG to NS2 and/or to the Guarantors, but it shall be deducted from the then still existing debit balance of Debt A. In case Debt A is already fully paid by NS2 and/or by the Guarantors, and only in this case, PMG shall return to NS2
and/or to the Guarantors any excess amount assessed in the foreclosure of the fiduciary sale of Debt B. 

 3—NEW RENT AND IPTU

  

	3.1.	The monthly rent shall be, as from June 1st, 2009, R$14/m2, i.e., corresponding to two hundred and
sixty-eight thousand, six Reais and ninety cents (R$268,006.90) per month, and it shall be paid by NS2 to PMG, in the same form set forth in the Lease Agreement. 

 

	3.1.1.	PMG does not grant to NS2 any grace period for payment of the rent and lease charges due under the Lease Agreement. 

  

	3.2.	It is certain and agreed between the parties that NS2, as from June 1st, 2009, shall be exclusively liable for payment of the Urban Real Estate Tax (IPTU) levied
on the Property. 

 4—AMENDMENT TO THE TERM OF THE LEASE 
  

	4.1.	The Parties agree to change the term of the lease, which shall be five (5) years, as from June 1st, 2009, with termination scheduled to May 31, 2014.

 5—RATIFICATION 
  

	5.1.	All sections, terms and other conditions set forth in the Lease Agreement and which are not amended by this Assignment shall remain effective in full, and said Agreement shall have the following restated wording, as
from the date hereof, as follows: 

 PRIVATE INSTRUMENT OF NON-RESIDENTIAL LEASE AGREEMENT 

By this private instrument 
 on the one part, PMG
ADMINISTRADORA DE BENS LTDA., a business company organized as a limited liability company, with its principal place of business in the Capital City of the State of São Paulo, at Rua George Eastman, No. 280, suite 76, Vila Tramontano,
Postal Code 05690-000, enrolled with the Corporate Taxpayers Register of the Ministry of Finance (CNPJ/MF) No. 08.491.897/001-05, the articles of association of which are duly filed with the Commercial Registry of the State of São Paulo
(“JUCESP’) under No. 35.221 090.575 on December 4, 2006, herein represented in the form of its articles of incorporation, hereinafter simply referred to as LESSOR: 

 

 - on the other part, as LESSEE, and hereinafter referred to as such, NS2.COM INTERNET LTDA., a
limited liability business company, with its principal place of business in the Capital City of the State of São Paulo, at Rua Jardim Ivone, No. 17, Suites 103 and 104, 10th floor.
Postal Code 04.105-020. enrolled with the CNPJ/MF under No. 09.339.936/0001-16, herein duly represented in the form of its Articles of Association: 

- and, finally, as INTERVENING/CONSENTING PARTIES and GUARANTORS of the obligations assumed by the lessee, hereinafter referred to as such, ZAREH
CHABAB and his wife OVSANNA CHABAB, both Brazilian, he a businessman, she a housewife, holders of identity cards RG No. 2.359.869-SSP/SP and 6.460.506-1-SSP/SP, enrolled with the Individual Taxpayer Register of the Ministry of
Finance (CPF/MF) under No. 046.625.208-00 and 086.420.658-20, respectively, married under the community property regime, before effectiveness of Federal Law No. 6515/77, resident and domiciled in this Capital City of the State of
São Paulo, at Rua Diógenes Ribeiro de Lima No. 1040—Alto de Pinheiros, Postal Code 05458-001; 
 WHEREAS: 

 

	(i)	the company UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA., a legal entity governed by private law, enrolled with the CNPJ/MF under No. 07.385.357/001-84, headquartered at Rua Joaquim Floriano,
No. 100, 20th floor, in this Capital City of the State of São Paulo, has the right to use and enjoy, under emphyteusis granted by the Federal Government, of an urban land,
composed of allotment No. 18, of the separation named CENTRO COMERCIAL E EMPRESARIAL JURUBAN’, in the district, municipality and Judicial District of Barueri, State of São Paulo; 

 

	(ii)	UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA. executed, on January 2, 2007, a “Private Instrument of Free Lease Agreement” with the company PMG ADMINISTRADORA DE BENS LTDA.,
granting the latter, free of charge, use of the property involved in this instrument (exhibit I); 

  

	(iii)	LESSEE is interested in the non-residential lease of the Commercial Warehouse facing Rua Aruanã, No. 700, with a total built area of 19,143.35 square meters, built on said property and registered with
the Municipal Government under No. 2352-03-54-1553-00-000-2-26. 

 The Parties mutually agree on the following: 

1. THE PROPERTY: 
  

	1.1	LESSOR has the RIGHT TO USE AND ENJOY, under emphyteusis granted by the Federal Government, a property described and characterized as follows: 

PROPERTY: The RIGHT TO USE AND ENJOY, under emphyteusis granted by the Federal Government, a urban tract of land composed of allotment No. 18, of
the separation named “CENTRO COMERCIAL E EMPRESARIAL JURUBAN”, in the district, municipality and Judicial District of Barueri, State of São Paulo, with a total area of 22,413.39 square meters, described, characterized and
confronted as follows: Facing Avenida Aruanã and starting at point 47, if follows a curve developing for 100.07 meters until point 49; it deflects to the right with azimuth 207° 47 ’49‘ for 97.50 meters until point 46; it
deflects to the right with azimuth 27° 47’ 49, for 239.68 with allotment No. 19, from the 48 to the 46 with allotments 21 and 10; from the 46 to the 47, with allotment No. 17” – according to title record 65.174 of the
Real Estate Registry of the Judicial District of Barueri, State of São Paulo; 
  

	1.2	On said property, a Commercial Warehouse of non-defined used was built, facing Rua Aruanã. No. 700, with a total built area of 19,143.35 square meters, registered with the Municipal Government under
No. 2352-03-54-1553-00-000-2-26. 

  

 2. TERM OF THE LEASE: 
  

	2.1	By this instrument and regular form of the law, LESSOR leases to LESSEE the property described and characterized in items 1.1 and 1.2. for a term of five (5) years, with initial date on June 1st, 2009 and termination scheduled to May 31, 2014. 

  

	2.2	After expiration of the contractual Term, LESSEE agrees to leave and return the property subject hereof, completely free of persons and/or things, in good state of conservation, i.e., except for the wear and tear
resulting from the regular and normal use for the purposes to which it is designed, all irrespective of any warning or notice. 

  

	2.3	If LESSEE has duly and regularly complied with the obligations assumed by it hereunder, the parties instrument, the parties may extend the lease term for a period to be agreed between them. For that purpose,
LESSEE shall communicate LESSOR of this wish in writing, at least ninety days before the set term of the lease. 

 3. RENT
AND PREVIOUS DEBT OF LESSEE. 
  

	3.1	The monthly rent shall be fourteen Reais (R$14.00) per square meter, totaling, therefore, two hundred and sixty-eight thousand, six Reais and ninety cents (R$268,006.90), payable always on the fifth (5th) day of the month immediately subsequent to the overdue month of the lease. 

  

	3.1.1	Said amount shall be annually adjusted or adjusted in the shortest permitted frequency, in accordance with the accrued monthly percentage variation of the IPC-A (Broad Consumer Price Index), having as base index the
index disclosed in the month preceding the month of this agreement and as adjustment index the index disclosed in the month preceding the month of anniversary of the agreement. 

 

	3.1.2	If the index set forth above is extinguished or deemed inapplicable to this agreement, the parties hereby establish that the overdue and unpaid installments of the lease and the installments to become due shall
automatically become, by operation of law, adjusted for inflation in accordance with the National Consumer Price Index disclosed by the Brazilian Geography and Statistics Institute (INPC-IBGE) or, in the impossibility thereof, with a third
index mutually agreed between the parties, it being understood that, in case it is not agreed within up to thirty (30) days, LESSOR may, at its discretion, elect an acknowledged and locally permitted index from among those to which it
attributes the adjustment that better reflects the inflation of the period. In case there is no agreement between the parties and the matter is submitted to the Courts, the parties mutually agree, without any defective consent, to use during the
claim the index adopted by the Federal Government in the adjustment of the collection and overdue liability. 

  

	3.1.3	The adjustments shall apply automatically, and any kind of communication to LESSEE is hereby waived. 

  

	3.2	The monthly rent shall be paid at the office of LESSOR or at a place it indicates in writing by the fifth (5th) day of the month subsequent to the overdue
month, as mentioned in item 3.1 above, non-occurrence of which, alone, shall characterize the default and contractual nonperformance, irrespective of any notice. The collection system by means of bank bill may also be used. Upon adjustment of the
rent, if the applicable index has not been disclosed by the date of payment, the rent shall be adjusted in the same percentage of the preceding month and the necessary adjustments shall be made upon payment of the rent of the immediately subsequent
month. 

  

	3.3	It is established between the Parties that, in the event of publication of supervening law and upon admission of the contractual adjustment in a shortest frequency than annually, the minimum frequency permitted by law
shall automatically and immediately apply to this agreement and respective lease, irrespective of any warning or notice. 

  

	3.4	The parties hereby agree, as a condition of this agreement, that in view of the constitutional principle of respect to vested rights and perfected legal acts, no supervening rule on freezing or deflation, wholly or in
part, of the lease price shall apply to this agreement. 

  

	3.5	LESSEE and the INTERVENING/CONSENTING PARTIES jointly and severally assume liability to LESSOR for full payment of an accrued debt of rent, lease charges and emphyteutic rent, relating to the period
of use of the property leased hereunder by LESSEE, before the date hereof, in the total agreed amount of one million Reais (R$1,000,000.00), by means of ten (10) monthly, equal and successive installments, in the amount of one
hundred thousand Reais (R$100,000.00) each, the first of which shall be due on June 1st, 2009 and the others on the same day of the subsequent months, until final settlement.

  

	3.5.1	For purposes of the provisions of Section 3.5 above, LESSEE and the INTERVENING/CONSENTING PARTIES are required to immediately enter the procedural relationship in the case records of the action for
eviction, in progress in the 5th Civil Court of the Judicial District in Barueri, as well as of the execution proceedings, in progress in the
3rd Civil Court of the Judicial District in Barueri, within at most ten (10) days as from the date hereof. 

 

	3.5.2	Noncompliance with the obligations assumed by LESSEE and by the INTERVENING/CONSENTING PARTIES in items 3.5 and 3.5.1. above shall result in automatic eviction due to the lack of payment by LESSEE,
as well as continuance of the aforementioned execution proceedings against LESSEE and the INTERVENING/CONSENTING PARTIES, for its total, original, superior and full amount of two million, two hundred and eighty-four thousand, nine
hundred and thirty-two Reais, and twenty cents (R$2,284,932.20), adjusted until May 31, 2009, added by late payment interest at the rate of 1% per month and compensatory interest at the rate of 1%, as well as a
fine of 15%, all duly adjusted based on the table of the TJ/SP and levied from May 31, 2009 to the date of actual payment, irrespective of notice. 

4. PROPERTY DESTINATION 
  

	4.1	The leased property is exclusively designed for development and performance of the activities of LESSEE, inherent in its corporate purpose on the date hereof. 

 

	4.2	Engagement by LESSEE in other activity in the property that is not contained in the current purpose thereof must be preceded by prior written communication to LESSOR and proof of authorization by it. In
any case, activities prohibited to the site or even incompatible with the characteristics and categories of use of the property may not be carried out. 

  

	4.3	Noncompliance with the provisions hereof shall imply immediate termination of this instrument and application of the fine set forth in section “12” below. 

5. PROPERTY CONSERVATION: 
  

	5.1	LESSEE agrees to maintain in perfect state of conservation and cleaning, keeping in full operation the electrical, plumbing and any other existing installations, to return it, at the end of the lease, in the same
conditions in which it was received, except for the wear and tear resulting from the regular and normal use for the purposes for which it is designed. 

  

	5.2	LESSEE authorizes LESSOR, on its account or by whomever it indicates, to inspect the leased property, and it is hereby agreed that LESSOR shall only invest the property on a day and at a time
previously agreed, at least three (3) business days in advance, with LESSEE 

  

	5.3	In case LESSEE needs to increase the electric power installed in the leased property, it shall request written authorization of LESSOR, it being understood that implementation thereof shall always be
subject to the approval and authorization of the competent local electric power concessionaire. The expenses required to change the electrical capacity existing in the property shall be incurred by LESSEE. 

 

	5.4	LESSEE shall repair, at its expenses, any damage it causes to the leased property during the lease. Thirty (30) days before termination of the lease, the parties shall jointly inspect the leased property,
which inspection shall be referred to as final inspection, which will confirm any change occurred in its conditions and in the conditions of its accessories and belongings in relation to the inspection for the delivery and receipt of keys and
settlement of the contractual obligations. In the event of verification of the need for repairs or execution of works, the parties shall establish a time schedule to be complied with by LESSEE, which may, however, indemnify LESSOR for
the amount corresponding to the repairs to be made. 

  

	5.5	LESSEE may request, at its discretion, an earlier inspection in the leased property, so that the repairs are coincidently completed until the date established for it to be returned. In this event, its liability
for payment of the rent and of the lease charges shall actually cease upon such return. Otherwise, it shall be liable for the rent and lease charges until completion of all repairs, and LESSEE may directly provide the services or hire
LESSOR for this purpose. 

  

	5.6	It is hereby established that the amount of the damage assessed in the inspection to which item 5.4 refers shall result in acknowledgment, from the beginning, as a debt collectible by means of the appropriate lawsuit.

 6. TAXES AND OTHER LEASE CHARGES 
  

	6.1	LESSEE shall be solely and exclusively liable, from the initial date of the lease and until termination thereof, for payment of the IPTU (Urban Real Estate Tax) and of the other taxes, expenses and fees levied or
which come to be levied on the property; 

  

	6.2	Whenever they relate to the period of the lease, the water, sewage (sanitation), electric power and gas consumption expenses shall be paid by LESSEE, which agrees to pay them in due time, directly to the
respective public utility concessionaires, even if these expenses are submitted for collection after termination of the lease, but still relating to the period during which it was in effect, and LESSEE shall be exclusively liable for these
payments and settlement of pending amounts. 

  

	6.3	Failure to pay the aforementioned charges on the respective maturity days shall characterize a legal and contractual breach, authorizing LESSOR, at its sole discretion, to charge the amount due and/or to bring an
action for eviction for lack of payment, after notice with a term of five days for actual payment of the amounts indicated as overdue amounts, with which LESSEE and the GUARANTOR hereby agree. 

 

	6.4	LESSEE shall also be exclusively liable for payment of all taxes, emphyteutic, rent, fees or charges required by the competent authorities for engagement in its activities. 

 

	6.5	LESSEE is required to make available to LESSOR, at any time and in the leased property, the proofs of payments of the lease charges directly made by them, as agreed hereunder, or certified copies thereof.
However, LESSOR may, at any time, request the original proofs of payment for verification, with which LESSEE hereby agrees. 

7. IMPROVEMENTS: 
  

	7.1	LESSEE may carry out, for its sole account and risk, the improvements it deems necessary for performance of its activities at the site, and provided: 

 

	a)	they observe the same construction standard; 

  

	b)	they do not affect the safety and solidity of the already existing buildings; 

  

	c)	they are duly approved by the competent authorities, should this be the case; 

  

	d)	LESSOR has authorized it in writing. 

  

	7.2	LESSEE shall not be entitled to any indemnity or withholding of the leased property due to improvements it may carry out therein, no matter if they are useful or necessary improvements or amenities, even if they
are consented to by LESSOR. 

  

	7.3	For the effects of this section, improvements shall be understood as any and all works carried out in the property and which cannot be removed without causing it damage or change, no matter how small. 

 

	7.4	If improvements are made, upon termination of the lease, LESSOR may, at its sole discretion, consent that certain improvements are left in the leased property, which shall not create any right to indemnity to
LESSEE. Upon occurrence of this event, LESSOR shall determine which improvements may be left in the property and which shall be withheld, which shall be made for the account and order of LESSEE, except for the fire doors and
fire-rated walls, which shall, in any case, remain in the property without right to indemnity to LESSEE. 

  

	7.4.1	If LESSEE fails to do so and LESSOR must do it, it may charge LESSEE for the amount it spent for such purpose, including rent and lease charges and other similar expenses that shall be due during
the period required to complete the removal, limited to ninety (90) days, such as, for example, those incurred with the undoing thereof, transportation, occasional storage etc. 

8. PROPERTY INSURANCE: 
  

	8.1	LESSOR shall take out, at its expenses, a policy to be delivered within at most thirty (30) days, extendable for another thirty (30) days after the initial date of the lease, and which shall be
effective until termination thereof, an insurance covering the building, its appurtenances and accessories against the risk of fire, lighting, explosion, plane crash, inundation, flooding, windstorm, hail, civil liability, car crash and, in general,
act of God and force majeure, with an honest and prime insurance company, it being understood that the coverage of said insurance shall correspond to the actual replacement amount of the property, which is hereby established by the parties as eleven
million and seven hundred thousand Reais (R$11,700,000.00), which shall also include the section on loss of rent, for twelve months, to protect the property of LESSOR, which shall be the beneficiary of the respective policy.

  

	8.1.1.	LESSEE shall present, within the non-extendable term of fifteen (15) days as from the date of execution of this Agreement, a document able to prove the taking out of insurance in the conditions presented
above, it being understood that, if the insurance premium is paid monthly, the proof shall be provided to LESSOR within up to five business days as from payment thereof. 

 

	8.2	In the event of partial loss and provided LESSEE expresses in writing its wish to continue the relationship, LESSOR shall be required to use the proceeds of the indemnity to rebuild the part of the
property affected by the loss, up to the indemnified limit. In the event of total loss, the parties hereto shall be exempt from their contractual obligations and this agreement shall be deemed terminated by operation of law, and none of the parties
may claim from the other party any indemnity or compensation. 

  

	8.3	In the event of concurrent losses and in case LESSEE has not taken out an insurance or renewal, in addition to payment of the fine, it shall be required to restore the building to the original conditions and to
pay the corresponding rent and lease charges. LESSOR shall have the right of first refusal to rebuild the building, in addition to the right to charge a fine of three times the rent amount, subject to the provisions set forth in article 413
of the New Brazilian Civil Code. 

  

	8.4	If the loss has been caused due to the fault of LESSEE or its agents, it shall be required to pay the rent and charges until acceptance by LESSOR of the works to recover the property. 

 

 9. ASSIGNMENT OF THE LEASE, SUBLEASE AND LOAN: 

 

	9.1	LESSEE may not assign this lease, wholly or in part and on any account without the prior written consent of LESSOR. 

  

	9.2.	The prohibition above excludes the sublease or loan to affiliated companies of LESSEE, which may be carried out, provided: 

  

	a)	It identifies in writing to LESSOR the company that shall be the ASSIGNEE, SUBLESSEE or BORROWER, and, 

  

	b)	it proves their condition as affiliates, controlled or controlling companies; 

  

	9.2.1	In this case, LESSEE shall continue to be fully liable until the final term of the lease agreement, therefore waiving article 835 of the Civil Code, for compliance with all contractual obligations. 

 

	9.2.2	Upon occurrence of the provisions of item 9.2. above, upon termination of the lease, LESSEE shall return the property to LESSOR, free and clear of persons and things, as set forth herein.

  

	9.3	As an essential condition of this agreement, LESSOR may assign and transfer to third parties the credit under this lease, irrespective of the express consent of LESSEE, SUB-LESSEE, or even
BORROWERS, and the latter agree, whenever they become aware of this instrument, to sign the documents relating to pledge of credits, credit assignment, giving in payment, disposal in general and any and all transactions involving the
receivables, which is hereby permitted, without any exception. 

  

	9.4	In view of the duties performed by LESSEE, it may give part of the property, which shall never exceed fifty percent thereof, as a free lease to third parties, provided compliance with the provisions of letters
“a” and “b” of section 9.2 above, remaining bound by the terms of the lease until the building is delivered free from persons and things. 

10. REQUIREMENTS OF THE PUBLIC AUTHORITIES: 
  

	10.1	LESSEE agrees, as from the initial date of the lease of the building, to meet all requirements of the public authorities caused by it, which shall not be, in any case, a reason for termination of this agreement.

  

	10.2	LESSEE shall be fully liable for the obtainment of licenses, permits and/or equivalent documents, required by the public authorities, for operation of their place of business, as well as for engagement in its
activities. 

  

	10.3	For the obligation contained in this chapter 10- (“10.1” and “10.2”) and only for it, the penalty to be imposed on LESSEE for noncompliance and violation shall be half the rent in effect at
the time of the event. 

 11. EXPROPRIATION: 
  

	11.1	In the event of full expropriation of the leased property, this instrument shall be deemed terminated by operation of law, exempting and releasing the parties from any and all liability for compliance with it, and
LESSEE may not obtain from the expropriating body any indemnity to which it may be entitled. 

  

	11.2	In the event of partial expropriation, LESSEE shall have the right to choose between continuity of the lease or simple termination hereof. If it chooses to proceed, there will be a reduction from the rent amount
in the same percentage of the reduction caused to the built area. 

  

 12. PENALTIES: 
  

	12.1	Failure to pay the rent and charges on the dates set forth herein, alone, shall put LESSEE in default and shall automatically result in publication of a fine of ten percent (10%) percent of the total
outstanding debt. Also in the event of default, the amount due shall be increased by interest at the rate of one percent per month, or violation, and the debt shall be adjusted for inflation in the same variation as the index in effect at the time,
contractually elected for adjustments of the rent. The adjustment shall be calculated on a “pro-rate-die” basis, as from the day following the maturity, and until the date of actual payment thereof. The total outstanding debt shall be
increased by attorneys’ fees of ten percent in the event of amicable resolution and twenty percent in case any action is brought to discuss the “ex-locatio” relationship. The provisions set forth herein shall neither adversely affect
nor suppress, due to the exercise thereof, LESSOR’s right to bring the competent lawsuit. 

  

	12.2	A late payment fine equivalent to three times the monthly rent amount in effect at the time of the violation, or even of termination, is hereby established, and it shall be incurred by the party that breaches any of the
clauses and/or provisions of the lease, except if other specific penalty has already been set forth, provided the innocent party’s right to, irrespectively or simultaneously, deem the lease terminated by operation of law, all upon notice with a
term of ten (10) days, by means of Extrajudicial Notice or Letter with Return Receipt, or Telegram or Protocol with receipt stamp, or even fac-simile. 

  

	12.2.1	For application of the aforementioned fine, pursuant to the provisions of article 413 of the Civil Code, the following formula shall apply: 

VM = [(TFC X 3 times the rent in effect): TTC] 

where: 
 VM = Amount of
the Fine 
 TFC = Remaining Time for Termination of the Agreement (in months) 

TTC – Total Term of the Agreement (in months) 

13. TERMINATION 
  

	13.1	This Agreement shall be terminated by operation of law, irrespective of warning or judicial or extrajudicial notification, in the following events: 

 

	a)	Bankruptcy or insolvency of LESSEE; 

  

	b)	Total fire; 

  

	c)	Expropriation; and 

  

	d)	Breach of any provision hereof. 

 14. CONTRACT EXPENSES: 

 

	14.1	In case LESSEE wishes to register this instrument in a Real Estate Registry or take other measures deemed necessary or which may be required by public authorities or for acceptance thereof, the resulting expenses
shal be fully borne by LESSEE. 

  

	14.2	In the event of registration of this agreement, LESSEE shall be required, upon termination or end of the term of effectiveness of the lease, to provide the immediate cancellation thereof, at its expenses. In case
it fails to do it and after it is expressly communicated by LESSOR to do it within thirty days, it shall incur the fine set forth in section 12.2.1. 

 

 15. NOVATION 
  

	15.1	Forbearance by any of the parties hereto with respect to any delay or omission of the other party in the compliance with the obligations agreed hereunder or failure to apply, in due course, the penalties set forth
herein shall not result in cancellation of the penalties, nor of the powers hereby granted, and such penalties may be applied and such powers exercised, at any time, if the causes persist. 

 

	15.2	The provision of the preceding item shall prevail even if the tolerance or failure to apply the penalties occurs repeated times, either consecutively or alternatively. 

 

	15.3	The occurrence of one or more of the aforementioned events shall not imply a precedent, novation or modification of any provisions of this agreement, which shall remain full and in full force, as if no favor had
occurred. 

 16. LEASE-PURCHASE AGREEMENT – RIGHT OF FIRST REFUSAL AND TERM OF THE LEASE IN THE EVENT OF DISPOSAL. 

 

	16.1	As from the date hereof, and at any time, the parties agree that LESSOR may, at its sole discretion, carry out a lease-purchase agreement the subject matter of which shall be the property of this lease.

  

	16.2	Upon occurrence of the aforementioned event, LESSOR is required to inform lessor under the lease-purchase agreement of the terms of this agreement, and it shall accept the agreed lease, permitting LESSOR
to maintain the contractual relationship hereby established with LESSEE. 

  

	16.3	If the leased property becomes the subject of a lease-purchase agreement, or even if the rights held by LESSOR on it are pledged as security or disposed of, including this lease, without prejudice to the
provisions of section 9.3 above, the parties hereby agree and consent to formalize, by means of the appropriate contractual instrument, all amendments required to adjust this lease agreement to the new legal configuration of the property, but it may
not, however, change the original terms and conditions established by the parties. Also, if necessary, LESSOR agrees to obtain the consent of the lessor under the lease-purchase agreement in the aforementioned amendment, especially to provide
registration with the competent Real Estate Registry. 

  

	16.4	With due regard for the provisions of items “16.1” and “16.2” above, the parties mutually establish the following: 

 

	a)	If LESSOR wishes to dispose of the leased property, it shall inform LESSEE of its wish and granting it the statutory term of thirty (30) days to exercise its right of first refusal in the exact terms
of the provisions of article 27 of law 8245/91; 

  

	b)	– In the event of disposal and in case LESSEE fails to exercise its right of first refusal, it agrees to designate three days in each week, during daytime, for interested parties to visit the property. The
designation of the visit days shall be informed to LESSOR at least five days in advance. 

  

	c)	– In case the leased property is transferred to a third party, on any account, during the contractual term, this lease shall remain in full force, and LESSOR agrees to cause the inclusion, in the instrument to be
executed by it, of the requirement that the acquirer observes the lease, and the parties hereby authorize registration of this contractual instrument with the competent Real Estate District, for purposes of the provisions of article 8 of Law 8245/91
and article 576 of the Brazilian Civil Code. 

  

 17. FINAL PROVISIONS 
  

	17.1	Based on item IV of article 58 of law 8245/91, the parties agree that services of process, notices and notifications may be served by mail, return receipt requested, e-mail or facsimile, at the address informed in the
preamble. 

  

	17.2	In case it is necessary to resort to the courts to enforce compliance with any clause or condition of this agreement, the breaching party shall be required to pay attorneys’ fees corresponding to twenty percent of
the amount of the award, in addition to the costs and other judicial and/or extrajudicial expenses. 

  

	17.3	LESSOR, or its agents, are hereby authorized to occupy, irrespective of any specific lawsuit or other formality and without prejudice to the other contractual and/or statutory provisions, the building, in case it
is abandoned by LESSEE, in case it is in default with the rent and/or other lease charges. 

  

	17.4	This instrument is governed by Law 8245/91 and, to the applicable extent, by the other provisions of the Brazilian Civil Code 

  

	17.5	Any change in the address for correspondence shall be informed, in writing by LESSEE to LESSOR, under penalty of those sent to the location indicated hereunder being deemed valid and effective. 

18. GUARANTEE: 
  

	18.1	The INTERVENING/CONSENTING PARTIES and GUARANTORS, already previously identified, also sign this Agreement in the capacity as guarantors and joint and several guarantors of all statutory obligations set
forth in this Agreement 

  

	18.2	The INTERVENING/CONSENTING PARTIES waive the benefits of order and division, as well as those set forth in articles 827, 834, 835, 836, 837, 838 and 839 of the Civil Code 

 

	18.3	The guarantee shall extend until actual and proven return of the property, delivery and receipt of key, if, for any reason, they are not returned to LESSOR upon termination of the contractual term.

  

	18.4	In the event of reorganization, bankruptcy or insolvency of the INTERVENING/CONSENTING PARTIES, or in case LESSOR has information that proves or event indicate the impossibility that the
INTERVENING/CONSENTING PARTIES guarantee this business with the property offered as guarantee, LESSEE shall be required, within at most thirty days as from occurrence of any of the aforementioned events, to substitute it for other(s),
which shall be reputable, provided lessor’s right to accept it(them) or not. In this event, other(s) shall be presented within at most thirty (30) days as from non-acceptance, under penalty of termination of the agreement and collection of
the indemnity 

  

	18.5	LESSEE and the INTERVENING/CONSENTING PARTIES hereby appoint one another as attorneys-in-fact, mutually, irrevocably and irreversibly, especially to be served process, receive summons, knowledge of acts,
notifications etc., so that these acts, in the person of any of them, shall be deemed perfected. 

 19. JURISDICTION: 

 

	19.1	The parties elect the courts of the Judicial District of Barueri, State of São Paulo and expressly waive any other, no matter how privileged it may be, to resolve any doubt or matter originating from this
contractual instrument, which cannot be amicably resolved.” 

  

 IN WITNESS WHEREOF, the Parties execute this agreement in five (5) counterparts of same contents and form,
jointly with the two witnesses below. 
 São Paulo, June 1st, 2009. 

/s/    PMG ADMINISTRADORA DE BENS LTDA. 

/s/    MONTECCHIO DO BRASIL EMPREENDIMENTOS IMOBILIÁRIOS LTDA. 

/s/    ARGOS ARMAZÉNS GERAIS LTDA. 

/s/    ARGOS TRANSPORTES LTDA. 

/s/    NS2.COM INTERNET LTDA. 
  

			
	 /S/    ZAREH
CHABAB
	  	/S/    OVSANNA CHABAB
	 Zareh Chabab
	  	Ovsanna Chabab
		  	
	 /s/    Augusto Cruz Netto
	  	/S/ HUSSEIN OWEIS
	 WITNESS 1
	  	Witness 2
	 Name: Augusto Cruz Netto
	  	Name: Hussein Oweis
	 ID (RG): 40.826.295-3
	  	ID (RG): 41.854.822-5 SSP-SP
	 Taxpayer Card (CPF): 330.444.458-09
	  	Taxpayer Card (CPF): 230.103.338-46

 All pages are initialed. 

 FIRST AMENDMENT TO THE PRIVATE INSTRUMENT OF NON-RESIDENTIAL LEASE AGREEMENT 

By this private instrument on the best terms of the law, 
  

	(i)	PGM ADMINISTRADORA DE BENS LTDA., enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 08.491.897/0001-05, with its head-office in this Capital and State of
São Paulo, at Rua George Eastman No. 280 – Room 76, District of Vila Tramontano, Postal Code 05690-000, herein represented pursuant to its Articles of Association, hereinafter referred to as LESSOR; 

and 
  

	(ii)	NS2.COM INTERNET S.A. enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 09.339.936/0001-16, with its head-office in the City and State of São Paulo,
at Rua Vergueiro No. 396, District of Liberdade, Postal Code 01504-000, herein represented pursuant to its Articles of Association, hereinafter referred to as LESSEE; 

 

	•	Whereas the parties executed on June 1, 2009 the Private Instrument of Assignment of Lease and Acknowledgment of Debt (the “Agreement”), having as subject-matter, among other covenants, the
lease of an urban plot of land, consisting of plot No. 18 of the sub-division named “Centro Comercial Empresarial Juruban” (the “Property”), which is best described and characterized in registration No. 65174 of the
Real Estate Registry of the Judicial District of Barueri/SP (State of São Paulo); 

  

	•	Whereas the Agreement was executed for the definite period of five (5) years, showing as beginning date June 1, 2009 and ending date May 31, 2014; 

 

	•	Whereas the LESSEE is interested in installing in the Property, at its expense and under its responsibility, one (1) Network of Sprinklers, one (1) High-Tension cabin and one (1)
generator; 

  

	•	Whereas the LESSOR has authorized the installation of the mentioned improvements, which shall be incorporated to the Property at the end of the contracted term; 

 

	•	Whereas, in view of the investments made by the LESSEE with the installation of the improvements, the parties have decided for the extension of the term of the Agreement for five (5) years, proceeding
to show as its final ending date May 31, 2019; 

  

	•	Whereas, on account of the extension of the period of lease mentioned in the above Recital, the parties hereby agree that the amount of the rent shall be adjusted as from June 1, 2014, incurring an
increase of twenty percent (20%) of the amount of the rent effective at the time; 

  

	•	Whereas the parties intend to substitute the guarantee of this Agreement by a bank guarantee, thus excluding the personal guarantors; 

The parties hereto have resolved to enter into this “First Amendment to the Private Instrument of Non-Residential Lease Agreement”, which
shall be governed by the following clauses and conditions: 
 SECTION 1 – EXTENSION OF THE TERM OF THE AGREEMENT 

 

	1.1	It is hereby expressly established between the parties that the term of the Agreement shall be extended, showing as its final date May 31, 2019. 

 

 SECTION 2 – ALTERATION OF THE AMOUNT OF THE RENT 

 

	2.1	The parties hereby covenant that as from June 1, 2004 the rent shall incur an increase of twenty percent (20%) of the amount of the rent effective at the time. 

SECTION 3 – IMPROVEMENTS 
  

	3.1	By means of this instrument the LESSEE shall have the obligation of effecting the installation of one (1) network of Sprinklers, one (1) High-Tension cabin and one (1) generator, in the property
that is subject-matter of the Agreement, which improvements are authorized by the LESSOR and shall be implemented at the expense of the LESSEE and under its exclusive responsibility. 

 

	3.2	For the installation of the improvements mentioned in Section 3.1, the LESSEE shall obtain with the pertinent authorities, whenever necessary, all of the approvals/licenses, exempting the
LESSOR from any responsibility in this regard. 

  

	3.3	It is hereby made certain that, at the end of the contractual term, the improvements mentioned in Section 3.1 above shall be incorporated to the Property, whereby the LESSEE may not claim any kind of
indemnity for them. 

 SECTION 4 – BANK GUARANTEE 
  

	4.1	It is hereby established and agreed between the Parties that the obligations deriving from this installment shall be guaranteed by a Bank Guarantee provided by Banco BICBANCO, of a joint liability nature and
delivered to the LESSOR within a period of no more than thirty (30) days after the execution of this instrument and that extends to all of the adjustments that may apply to the rents, covenants for increase and other rental charges, as
well as for any damages and losses that could occur on the leased property. 

  

	4.2	Considering that the Letter of Guarantee presented hereunder is valid for a specific term, the LESSEE hereby agrees, within no more than thirty (30) days prior to the termination of its validity, to take all
of the proper measures for renewal thereof. 

 SECTION 5 – FINAL PROVISIONS 

 

	5.1	All of the other clauses and conditions of the Agreement that are not modified by this instrument are hereby expressly ratified. 

 

	5.2	The parties elect the Courts of the Judicial District of location of the Property as the only ones to resolve any issues arising from this agreement. 

In Witness Whereof, the parties execute this instrument in two (2) counterparts of equal content and form, in the presence of the witnesses. 

São Paulo/SP, April 10, 2013 
  

 

 /s/    PMG ADMINISTRADORA DE BENS LTDA. 

LESSOR 

/s/    NS2.COM INTERNET S.A. 

LESSEE 
 Witnesses: 

 

			
	/s/    Jéssica de Bartolo Silva	  	/s/    Marcos Roberto de Oliveira
	Name: Jéssica de Bartolo Silva	  	Name: Marcos Roberto de Oliveira
	ID No.: 41.693.995-8	  	ID No.: 35.757.879-X
	CPF/MF No. 375.350.778-90	  	CPF/MF No.: 407.554.988-79

 (Page integrating the First Amendment to the Private Instrument of Non-Residential Lease Agreement executed by and between PMG
ADMINISTRADORA DE BENS LTDA., NS2.COM INTERNET S.A., on April 10, 2013) 

 SECOND AMENDMENT TO THE PRIVATE INSTRUMENT OF NON-RESIDENTIAL LEASE AGREEMENT 

By this private instrument on the best terms of the law, 
  

	(i)	UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA., enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 07.385.357/0001-84, with its head-office in this
Capital City of the State of São Paulo, at Rua Joaquim Floriano No. 100, 18th floor, herein represented as determined in its Articles of Association, hereinafter referred to as
LESSOR; 

  

	(ii)	NS2.COM INTERNET S.A. enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 09.339.936/0001-16, with its head-office in the Capital of the State of São
Paulo, at Rua Vergueiro No. 396, District of Liberdade, Postal Code 01504-000, herein represented pursuant to its Articles of Association, hereinafter referred to as LESSEE; 

Whereas PMG ADMINISTRADORA DE BENS LTDA. and NS2.COM INTERNET S.A. executed on June 1, 2009 the Private Instrument Assignment of Lease and
Acknowledgement of Debt (the “Agreement”), amended for the first time on April 10, 2013 (the “1st Amendment), having as subject-matter among other covenants the lease of an
urban plot of land, consisting of plot No. 18, of the sub-division named “Centro Comercial e Empresarial Juruban” (the “Property”), which is best described and characterized in registration No. 65.174 of the Real Estate
Registry of the Judicial District of Barueri/SP. 
 Whereas PMG ADMINISTRADORA DE BENS LTDA. was merged into the company named
UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA., which by a corporate act dated December 30, 2013 became its sole partner and holder of all of its corporate units; 

Whereas UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA. assumed all of the rights and obligations deriving from the
Agreement; 
 Whereas, in view of the alteration of the Lessor, the parties wish to adjust the form for payment of the amounts of the
lease. 
 The parties have resolved to execute this “Second Amendment to the Private Instrument of Non-Residential Lease Agreement”, which shall
be governed by the following clauses and conditions: 
 SECTION 1 – ALTERATION OF THE BANK ACCOUNT FOR DEPOSIT OF THE PAYMENT OF RENTS 

 

	1.1	It is hereby expressly established between the parties that as from this date the amounts of the rent shall be deposited in the following bank account held by the LESSOR company: 

 

	•	Banco Itaú Unibanco S/A. (341) 

  

	•	Branch: 0910 

  

	•	Checking Account: 08655-2 

 SECTION 2 – FINAL PROVISIONS 

 

	2.1	All of the other clauses and conditions of the Agreement that are not modified by this instrument are hereby expressly ratified. 

 

	2.2	The Courts of the Judicial District of Capital City of São Paulo are elected as the only ones with authority to resolve any issues arising from this agreement. 

In Witness Whereof, the parties execute this instrument in two (2) counterparts of equal content and form, in the presence of the witnesses. 

São Paulo/SP, April 2, 2014 

/s/    UITTORENEN DO BRASIL PARTICIPAÇÕES LTDA. 

/s/    NS2.COM INTERNET S.A. 

Witnesses: 
  

			
	/s/    BRUNA LUISA CAMARGO BARBOSA	  	/s/    TANIA CRISTINA GUALBERTA SANTOS
	Name: Bruna Luisa Camargo Barbosa	  	Name: Tania Cristina Gualberta Santos
	ID No.: 34.948.484-3	  	ID No.: 17.964.946-2
	CPF/MF No. 303.405.058-50	  	CPF/MF No.: 082.384.468-48

 (Page integrating the Second Amendment to the Private Instrument of Lease Agreement executed by and between Uittorenen do
Brasil Participações LTDA., NS2.COM Internet S.A., on April 2, 2014)

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