Document:

Document

Exhibit 4.8
REDACTED COPY 
Certain identified confidential information has been redacted from this exhibit because both (i) it is customarily and actually treated as private or confidential and (ii) it is not material. 
Confidential portions of this Exhibit are designated by [*****]. 
			
	1ST AMENDMENT TO THE COLOCATION AGREEMENT No. CT:02827/19

By this private instrument, on one side,
UD TECNOLOGIA S.A., company headquartered at Alameda Glete, 700, 2nd floor, Campos Elíseos, in the City of São Paulo, State of São Paulo, enrolled with the National Corporate Taxpayers’ Registry (“CNPJ”) under No. 34.562.112/0001-58, herein represented pursuant to its corporate acts,   hereinafter simply referred to as “UD TECNOLOGIA”, and on the other side,
PAGSEGURO INTERNET S.A., company headquartered in the City of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima, No. 1384, 4th floor, parte A, Jardim Paulistano, Brazil, Postal Code 01451-001, duly enrolled with the CNPJ/MF under No. 08.561.701/0001-01, herein represented pursuant to its corporate acts, hereinafter simply referred to as “CLIENT”,
Whereas:
(i)The CLIENT and UOL DIVEO TECNOLOGIA LTDA.  (“UOL  DIVEO”) hereby execute the Colocation Agreement No. CT:02827/19 as of July 1st, 2019 (“Agreement”);
(ii)The rights and obligations of UOL DIVEO hereunder have been assigned to UD TECNOLOGIA through “Assignment Instrument for Colocation Agreement No. CT:02827/19” entered into between UOL DIVEO and UD TECNOLOGIA as of December 1st, 2019, with full consent from the CLIENT;
(iii)The parties have agreed on formalizing the hiring of new items supplementing the scope of the agreement and other covenants.
The parties have decided to enter into this 1st Amendment Instrument to the Agreement, pursuant to the following terms and conditions established below.
SECTION 1 - PURPOSE
1.1    The purpose of this Amendment is to change sections 2.2 and 8.1 of the Agreement, which shall be governed by the following wording:
“2.2. The parties hereby elect IPCA as the monetary adjustment index, annually applicable to the prices included in the Chart above, taking into account the IPCA variation during the twelve (12) months before the month of January of each year (starting on January 1st, 2019), which is considered the base date of the Agreement. If the index is not available, or if permitted by law or by court order, the official index replacing IPCA shall be applied, or if it does not exist, another index with a monthly variation, calculated on a pro-rata basis, which best reflects the inflationary effects of the national currency will be adopted.”
“8.1. The Parties may not assign or transfer, whether in full or partially, this Agreement, or the rights and obligations arising from this instrument, without the previous and express consent from the other Party. Except as otherwise provided in this Agreement, the SERVICE PROVIDER may assign, whether in full or partially, the receivables resulted from this Agreement to any person, including to creditors, as security to loans.”
1.2    This Amendment also has the purpose to formalize that newly acquired services or products together with the Colocation, such as Golden Jumper or security services may be acquired by the CLIENT from UD TECNOLOGIA upon express agreement between the parties. Such additional services shall have their technical scope and fees established in their associated Technical and Business Proposals, which upon signature by the parties, shall become an integral part of the Agreement.

1.3    The parties hereby agree that UD TECNOLOGIA shall have, for the period of 5 years as from the date hereof, the same preemptive right as third parties (including, but not limited to, financial and technical conditions, service levels and support) to provide colocation services (“Colocation Services”) to the CLIENT in Brazil. If the CLIENT requests, obtains or receives a proposal from any individual or legal entity (“Third Party”) concerning the Colocation Services, the CLIENT must promptly notify UD TECNOLOGIA before entering into any agreement or binding document related to the Colocation Services. UD TECNOLOGIA shall have 15 days as from the receipt of such notice in order to exercise its preemptive right (however, not an obligation) to perform the Colocation Services to the CLIENT under the same terms and conditions offered by the Third Party. If UD TECNOLOGIA submits a notice to the CLIENT (as the case may be) exercising its preemptive right, the CLIENT (on one side) and UD TECNOLOGIA (on the other side) must execute an agreement or any other binding instrument for the performance of Colocation Services within 10 days as from the submission of the notice by UD TECNOLOGIA exercising its preemptive right. The price of any Colocation Service hired between the CLIENT and UD TECNOLOGIA shall be added to the amounts due under the Agreement, and they shall not be used to amortize the Minimum Commitment provided in the Agreement and the Amendment, entered into on the date hereof between the CLIENT, BANCOSEGURO S.A., UNIVERSO ONLINE S.A., UOL DIVEO TECNOLOGIA LTDA. and UD TECNOLOGIA.
1.3.1    The omission or non-compliance, by UD TECNOLOGIA, within 15 days as per Section 1.3 above, shall be construed as the non-exercise, by UD TECNOLOGIA, of its preemptive right, thus, the CLIENT is free to hire Colocation Services from Third Parties.
SECTION 2 - GENERAL PROVISIONS
2.1    Although this instrument is executed on the date hereof, all of its effects shall be applied on a retroactive basis as from August 1st, 2019, when the Parties had already started the commercial negotiation.
2.2    Sections Sixteen and Seventeen of the Agreement are included herein for reference, mutatis mutandis.
IN WITNESS WHEREOF, the Parties have executed this Amendment in two (02) counterparts, same in form and content, ratifying all other clauses and conditions previously agreed, except for the clauses expressly amended herein, which shall remain unchanged.
São Paulo, April 22, 2020.
									
	PAGSEGURO INTERNET S.A.		
			
	-DocuSigned by: /s/ Judith Brito		-DocuSigned by: /s/ Eduardo Alcaro
	Name: Judith Brito		Name: Eduardo Alcaro
	[*****]		[*****]
			
	UD TECNOLOGIA S.A.		
			
	-DocuSigned by:  /s/ Gil Torquato		-DocuSigned by: /s/ Marcelo Epperlein
	Name: Rogildo Torquato Landim		Name: Marcelo Epperlein
	ID (R.G.) No.: [*****]		ID (R.G.) No.: [*****]
			
	WITNESSES:		
			
	-DocuSigned by:  /s/ Fabiana Algaves		-DocuSigned by: /s/ Karina Spina de Mouraa
	Name: Fabiana Algarves
		Name: Karina Spina de Mouraa
	ID No.: [*****]		ID No.: [*****]

[*****]  Confidential information redacted

									
		

	Completion Certificate	
	Envelope ID: 2A1523176D11422C931B588ED88755A5	Status:
	Completed Subject: DocuSign: Project Dynamite - Colocation Agreement Pagseguro - First Amendment (EXECUTION VERSIO...
	Source Envelope:	
	Document Pages: 2	Signatures: 6	Envelope Sent by:
	Certificate Pages: 8	Initials: 0	Helena Diniz Ribeiro Klemp
	AutoNav: Enabled	Av. Brigadeiro Faria Lima, 1.384
	Envelope ID Stamping: Enabled	SP, SP 01452-002
	Time Zone: (UTC-08:00) Pacific Time (US & Canada)	[*****]IP Address: [*****]

		
	Record Tracking	
	Status: Original	Holder: Helena Diniz Ribeiro Klemp	Location: DocuSign
	04/22/2020 05:27:34	[*****]	
			
	Signer Events	Signature	Timestamp
	Eduardo Alcaro		
	[*****] CFO
		Sent: 04/22/2020 05:29:44
	Security Level: E-mail, Account Authentication	-DocuSign by: 	Viewed: 04/22/2020 05:46:47
	(None)	Signature established by: Pre-set style	Signed: 04/22/2020 05:49:05
		Using IP Address: [*****]
	

									
	Electronic Record and Signature Disclosure:		
	Accepted: 02/04/2019 04:07:27		
	ID: [*****]
		
	Fabiana Algaves [*****]
	-DocuSign by:	Sent: 04/22/2020 05:29:44
	ANALISTA DE CONTRATOS		Viewed: 04/22/2020 06:18:06
	UNIVERSO ONLINE SA	Signature adoption: Pre-selected Style IP Address: [*****]
	Signed: 04/22/2020 06:18:10
	Security Level: E-mail, Account Authentication (None)	

	

[*****]  Confidential information redacted

									
	Electronic Record and Signature Disclosure:		
	Not offered via DocuSign		
	Gil Torquato [*****]
	-DocuSign by:	Sent: 04/22/2020 05:29:44
	CEO UOLDIVEO		Viewed: 04/22/2020 05:38:50
	CEO	Signature adoption: Pre-selected Style IP Address: [*****]
	Signed: 04/22/2020 05:38:56
	Security Level: E-mail, Account Authentication (None)		

									
	Electronic Record and Signature Disclosure:		
	Accepted: 04/22/2020 05:38:50		
	ID: [*****]
		
	Judith Brito	-DocuSign by:	Sent: 04/22/2020 05:29:44
	[*****]		Viewed: 04/22/2020 05:48:40
	Security Level: E-mail, Account Authentication (None)	Signature adoption: Pre-selected Style IP Address: [*****]Signed using cellphone
	Signed: 04/22/2020 05:50:25

									
	Electronic Record and Signature Disclosure:		
	Accepted: 04/22/2020 05:48:40		
	ID: [*****]
		

[*****]  Confidential information redacted

									
	Signer Events	Signature	Timestamp
	Karina Spina de Moura	-DocuSign by:	Sent: 04/22/2020 05:29:45
	[*****]		Viewed: 04/22/2020 05:33:01
	Security Level: E-mail, Account Authentication 
(None)	Signature adoption: Pre-selected Style IP Address: [*****]
	Signed: 04/22/2020 05:33:10

									
	Electronic Record and Signature Disclosure:		
	Accepted: 03/21/2018 11:27:22		
	ID: [*****]
		
	Marcelo Epperlein	-DocuSign by:	Sent: 04/22/2020 05:29:44
	[*****] CFO
		Viewed: 04/22/2020 07:39:10
	CFO	Signature adoption: Pre-selected Style IP	Signed: 04/22/2020 07:40:40
	Security Level: E-mail, Account Authentication (None)	Address: [*****]
	

									
	Electronic Record and Signature Disclosure:		
	Accepted: 08/31/2018 13:30:22		
	ID: [*****]
		

									
	In Person Signer Events	Signature	Timestamp
			
	Editor Delivery Events	Status	Timestamp
			
	Agent Delivery Events	Status	Timestamp
			
	Intermediary Delivery Events	Status	Timestamp
			
	Certified Delivery Events	Status	Timestamp
			
	Carbon Copy Events	Status	Timestamp
			
	Witness Events	Signature	Timestamp
			
	Notary Events	Signature	Timestamp
			
	Envelope Summary Events	Status	Timestamp
	Envelope sent	Hashed/Encrypted	04/22/2020 05:29:45
	Certified delivery	Security checked	04/22/2020 07:39:10
	Signing complete	Security checked	04/22/2020 07:40:40
	Completed	Security checked	04/22/2020 07:40:40
	Payment Events	Status	Timestamp
	Electronic Record and Signature Disclosure

[*****]  Confidential information redacted

Electronic Record and Signature Disclosure created on: 12/27/2017 06:27:37
 Parties agreed to: Eduardo Alcaro, Gil Torquato

CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC RECORDS AND SIGNATURE DISCLOSURES
Electronic Record and Signature Disclosure
From time to time, UOL - UNIVERSO ONLINE S/A may be required by law to provide you with certain written notices or disclosures. Described below are the terms and conditions for us to provide you with such notices and disclosures electronically through the DocuSign, Inc. (DocuSign) electronic signature system. Read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to these terms and conditions, confirm your agreement by clicking the ‘I agree’ button at the bottom of this document.
Getting paper copies
At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print the documents we send to you through the DocuSign system during and immediately after the signature session, and, if you elect to create a DocuSign user account, you may access them for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish to get paper copies of any such documents to be sent from our office to you, you will not be charged a per-page fee. You may request delivery of such paper copies from us by following the procedure described below.
Withdrawing your consent
If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us thereafter that you want to receive notices and disclosures only in paper format. The procedure to inform us of your decision to receive future notices and disclosures in paper format and withdraw your consent to receive notices and disclosures electronically is described below.
Consequences of changing your mind
If you elect to receive notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and provide services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of receipt of such paper notices or disclosures. To let us know that you are changing your mind, you must withdraw your consent using the DocuSign “Withdraw Consent” form on the signature page of a DocuSign envelope instead of signing it. This will indicate to us that you have withdrawn your consent to receive notices and disclosures electronically from us and you will no longer be able to use the DocuSign system to receive notices and consents electronically from us or to electronically sign documents sent by us.
All notices and disclosures will be sent to you electronically
Unless you tell us otherwise in accordance with the procedures described herein, we will electronically send you through the DocuSign system all required notices, disclosures, authorizations, acknowledgments, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you using the same method and to the same address you have informed us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, let us know as described below. Also see the paragraph immediately above that describes the consequences if you elect not to receive notices and disclosures electronically from us.
How to contact UOL - UNIVERSO ONLINE S/A:
You may contact us to let us know of your changes on how we should contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically, as provided below: To contact us by email send messages to: [*****]
To contact us by email send messages to: UOL - UNIVERSO ONLINE S/A

[*****]  Confidential information redacted

To inform of your new e-mail address to UOL - UNIVERSO ONLINE S/A:
To let us know of a change in your e-mail address to which we should send notices and disclosures electronically to you, you must send us an e-mail to [*****] providing: your previous e-mail address and your new e-mail address. We do not require any other information from you to change your e-mail address. We do not require any other information from you to change your email address.
In addition, you must notify DocuSign, Inc. in order to reflect your new e-mail address in your DocuSign account by following the process for changing e-mail in the DocuSign system.
To request paper copies from UOL - UNIVERSO ONLINE S/A:
To request us to send you paper copies of the notices and disclosures previously provided by us to you electronically, you must send an e-mail to [*****] and provide: your e-mail address, full name, Brazil Postal address, and telephone number. We will charge you for the amount of the copies, if applicable.
To withdraw your consent to UOL - UNIVERSO ONLINE S/A:
To inform us that you no longer want to receive future notices and disclosures in electronic format you may:
(i)refuse to sign a document in your DocuSign session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent; or you may
(ii)send an e-mail to [*****] and provide your e-mail address, full name, Brazil Postal Address, and telephone number. We do not need any other information from you to withdraw consent. The consequences of your withdrawing consent for online documents will be that transactions may take longer to process. We do not require any other information from you to change your email address. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process.
Required hardware and software**:
(i)Operating Systems: Windows® 2000, Windows® XP, Windows Vista®; Mac OS®
(ii)Browsers: Latest versions Internet Explorer® 6.0 or above (only Windows); Mozilla Firefox 2.0 or above (Windows and Mac); SafariTM 3.0 or above (only Mac)
(iii)PDF readers: Acrobat® or similar software may be required to view and print PDF files.
(iv)Screen Resolution: 800 x 600 minimum
(v)Enabled Security Settings: Allow per session cookies

** These minimum requirements are subject to change. If these requirements change, you will be asked to re-accept the disclosure. Pre-release (e.g. beta) versions of operating systems and browsers are not supported.
[*****]  Confidential information redacted

Acknowledging your access and consent to receive materials electronically:
To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please make sure you read this electronic disclosure and are able to print on paper or electronically save this page for your future reference and access or are able to e-mail this disclosure and consent to an e-mail address in which you will be able to print on paper or save this page for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format under the terms and conditions described above, let us know by clicking the “I agree” button below.
By checking the “I agree” box, I confirm that:
(i)I can access and read this Electronic CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC RECORDS AND CONSUMER SIGNATURE DISCLOSURES; and
(ii)I can print on paper the disclosure or save or send the disclosure to a place where I can print it, for future reference and access; and (iii) Until or unless I notify UOL - UNIVERSO ONLINE S/A as described above, I consent to receive exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to me by UOL - UNIVERSO ONLINE S/A during the course of my relationship with you.

Electronic Record and Signature Disclosure created on: 02/07/2018 05:43:37 
Parties agreed to: Judith Brito, Karina Spina de Moura, Marcelo Epperlein

CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC RECORDS AND SIGNATURE DISCLOSURES
Electronic Record and Signature Disclosure
From time to time, we may be required by law to provide you with certain written notices or disclosures. Described below are the terms and conditions for us to provide you with such notices and disclosures electronically through the DocuSign, Inc. (DocuSign) electronic signature system. Read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to these terms and conditions, confirm your agreement by clicking the ‘I agree’ button at the bottom of this document.
Getting paper copies
At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print the documents we send to you through the DocuSign system during and immediately after the signature session, and, if you elect to create a DocuSign user account, you may access them for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish to get paper copies of any such documents to be sent from our office to you, you will not be charged a per-page fee. You may request delivery of such paper copies from us by following the procedure described below.
Withdrawing your consent
If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us thereafter that you want to receive notices and disclosures only in paper format. The procedure to inform us of your decision to receive future notices and disclosures in paper format and withdraw your consent to receive notices and disclosures electronically is described below.
Consequences of changing your mind
If you elect to receive notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and provide services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of receipt of such paper notices or disclosures. To let us know that you are changing your mind, you must withdraw your consent using the DocuSign “Withdraw Consent” form on the signature page of a DocuSign envelope instead of signing it. This will indicate to us that you have withdrawn your consent to receive notices and disclosures electronically from us and you will no longer be able to use the DocuSign system to receive notices and consents electronically from us or to electronically sign documents sent by us.
All notices and disclosures will be sent to you electronically
Unless you tell us otherwise in accordance with the procedures described herein, we will electronically send you through the DocuSign system all required notices, disclosures, authorizations, acknowledgments, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you using the same method and to the same address you have informed us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, let us know as described below. Also see the paragraph immediately above that describes the consequences if you elect not to receive notices and disclosures electronically from us.

How to contact us:
You may contact us to let us know of your changes on how we should contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically, as provided below: To contact us by email send messages to:
To inform of your new e-mail address:
To let us know of a change in your e-mail address to which we should send notices and disclosures electronically to you, you must send us an e-mail and provide: your previous e-mail address and your new e-mail address. We do not require any other information from you to change your e-mail address.
In addition, you must notify DocuSign, Inc. in order to reflect your new e-mail address in your DocuSign account by following the process for changing e-mail in the DocuSign system.
To request paper copies from us:
To request us to send you paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an e-mail and provide: your e-mail address, full name, Brazil Postal address, and telephone number. We will charge you for the amount of the copies, if applicable.
To withdraw your consent to us:
To inform us that you no longer want to receive future notices and disclosures in electronic format you may:
(i)refuse to sign a document in your DocuSign session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent; or you may
(ii)send us an e-mail and provide your e-mail address
full name, Brazil Postal Address, and telephone number. We do not need any other information from you to withdraw consent. The consequences of your withdrawing consent for online documents will be that transactions may take longer to process.
Required hardware and software**:
(i)Operating Systems: Windows® 2000, Windows® XP, Windows Vista®; Mac OS®
(ii)Browsers: Latest versions Internet Explorer® 6.0 or above (only Windows); Mozilla Firefox 2.0 or above (Windows and Mac); SafariTM 3.0 or above (only Mac)
(iii)PDF readers: Acrobat® or similar software may be required to view and print PDF files.
(iv)Screen Resolution: 800 x 600 minimum
(v)Enabled Security Settings: Allow per session cookies

** These minimum requirements are subject to change. If these requirements change, you will be asked to re-accept the disclosure. Pre-release (e.g. beta) versions of operating systems and browsers are not supported.

Acknowledging your access and consent to receive materials electronically:
To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please make sure you read this electronic disclosure and are able to print on paper or electronically save this page for your future reference and access or are able to e-mail this disclosure and consent to an e-mail address in which you will be able to print on paper or save this page for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format under the terms and conditions described above, let us know by clicking the “I agree” button below.
By checking the “I agree” box, I confirm that:
(i)I can access and read this Electronic CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC RECORDS AND CONSUMER SIGNATURE DISCLOSURES; and
(ii)I can print on paper the disclosure or save or send the disclosure to a place where I can print it, for future reference and access; and (iii) Until or unless I notify as described above, I consent to receive exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to me by during the course of my relationship with you.Document

Exhibit 4.15
REDACTED COPY
Certain identified confidential information has been redacted from this exhibit because both (i) it is customarily and actually treated as private or confidential and (ii) it is not material.
Confidential portions of this Exhibit are designated by [*****]
AMENDMENT AND RESTATEMENT TO THE SUPPLEMENT 
TO MASTERCARD LICENSE AGREEMENT
This Amendment and Restatement to Supplement to Mastercard License Agreement (the "Supplement Agreement") is effective as of 7th, October, 2020, and is entered into by and between PAGSEGURO INTERNET S.A. ("Licensee") and MASTERCARD INTERNATIONAL INCORPORATED ("Mastercard") and constitutes an amendment to the Supplement to Mastercard License Agreement, dated March I l, 2015 (the "Prior Supplement Agreement"). The Mastercard License Agreement was entered into by and between Licensee and Mastercard on March 1 1, 2015 (the "License Agreement"). According to the License Agreement, Mastercard granted to Licensee a license (the "License") to use the Marks subject to the terms and conditions set forth in the License Agreement.
PRELIMINARY STATEMENTS
WHEREAS, Licensee received on March 11, 2015, the License from Mastercard authorizing Licensee to engage in Mastercard business, specifically in the issuing of Mastercard pre-paid products and in the acquiring of Mastercard transactions, and to use the Marks in Brazil and such License was subject to certain additional terms and conditions, which were established in the Prior Supplement Agreement;
WHEREAS, Licensee now intends to engage in the issuing of Mastercard credit products and to use the Marks in Brazil and in any other country or jurisdiction for which Licensee receives an extension of area of use as outlined in Section I(e) below (collectively, the "Area of Use");
WHEREAS, this this Supplement Agreement shall regulate the additional terms and conditions of the License regarding Mastercard credit product, as well as to consolidate herein the terms and conditions regarding the acquiring and issuing of pre-paid products;
NOW THEREFORE, incorporating the above preliminary statements, and in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Mastercard and Licensee further agree as follows:
l . Terms and Conditions upon License. With respect to its participation in the issuing of pre-paid and credit products and acquiring Mastercard business in the Area of Use pursuant to the License, notwithstanding anything in the License Agreement or the Mastercard Standards ("Standards") as defined in the License Agreement, including, but not limited to the Mastercard Rules, to the contrary and in addition to, and not in lieu of, any other obligations Licensee may owe Mastercard under the License Agreement or Standards, Licensee hereby further acknowledges and agrees, throughout the term of the License (the "Term"), that:

a.Financial Reporting. Licensee will deliver to Mastercard (i) quarterly within 30 days following the end of the first three fiscal quarters of each fiscal year of Licensee, consolidated and consolidating balance sheets, income statements and statements of cash flow of Licensee for such quarterly period and for the period from the end of the last fiscal year of Licensee, and (ii) within 60 days of when audited financial statements are filed or reported, as required under applicable law, and following the end of each fiscal year Licensee audited comparative consolidated and unaudited comparative consolidating balance sheets, income statements and statements of cash flows, certified, in the case of consolidated annual statements by independent public accountants of recognized standing, and in the case of quarterly and consolidating annual statements, by a financial officer of Licensee for such period.
b.Audits. In accordance with Rule 2.5 of the Mastercard Rules and except where prohibited by applicable local laws and or regulations, Licensee will submit to periodic audits or investigations by Mastercard or designated independent third panies, as Mastercard may determine necessary, and conducted as Mastercard deems appropriate, to determine Licensee's compliance with the provisions of this Supplement Agreement, the License Agreement, the Mastercard Standards, as may be amended from time to time, and applicable laws and regulations. Licensee will cooperate and cause the cooperation of its independent auditors and other necessary agents and personnel, in the conduct of any such audit or investigation by Mastercard or such independent third party.
c.Approved Products Only; Program Registration Requirement. Licensee acknowledges and agrees that the License authorizes Licensee to engage solely in the issuing of credit and pre-paid Mastercard products and in the acquiring of Mastercard transactions and under no circumstances shall the Licensee issue, or attempt to issue, by direct or indirect means, any other Mastercard products without the prior written consent of Mastercard.
d.No Sponsorship of Affiliates. Licensee shall not sponsor any other entity to be an Affiliate member or licensee of Mastercard.
e.Extensions of Area of Use. Notwithstanding anything in Mastercard Rule 1.7.2 to the contrary, Licensee shall seek Mastercard's prior written consent before any extension of area of use into every country or jurisdiction into which Licensee desires to issue, or will issue, permitted Mastercard-branded products or desires to acquire, or will acquire Mastercard transactions. Mastercard may or may not grant any such extension of area of use request, at its sole discretion.
f.Legal and Regulatory Compliance; Indemnification. Licensee hereby represents and warrants to Mastercard that the execution and delivery of the License Agreement (as modified by this Supplement Agreement), and the performance of the Mastercard issuing or acquiring business in the Area of Use contemplated in such documents, do not violate any law, statute, ordinance, regulation, judgment, writ, injunction, rule, decree, order, or any other restriction or requirement of any kind or character applicable to Licensee. Licensee hereby further represents and warrants to Mastercard that Licensee's activities to be performed pursuant to the License shall not constitute unlawful banking or other activity under applicable law or regulation. In addition to any other indemnification obligation Licensee may owe to Mastercard under the License Agreement, Standards or otherwise, Licensee shall protect, indemnify and hold harmless Mastercard, and its stockholders, directors, officers, employees, agents and affiliates, from and against any and all actions, proceedings losses, costs, liability and/or expenses (including, without limitation, the fees and expenses of counsel for Mastercard at both trial and all appellate and bankruptcy levels, costs of investigation, and disbursement), actual and threatened claims and/or demands in any way arising out of the acts or omissions and/or the performance or failure to perform by Licensee in connection with the representations and/or warranties made by Licensee to Mastercard under this subsection, including, without limitation, in the event that any of such representations and/or warranties are not true.

2. Miscellaneous. Except as expressly supplemented or amended herein, the License Agreement shall continue in full force and effect as in effect on the date of this Supplement Agreement. To the extent that any such terms of the License Agreement conflict with the terms of this Supplement Agreement, the terms of this Supplement Agreement shall govern. All capitalized terms not defined herein shall have the meanings given to them in the License Agreement or Standards. If applicable local law and/or regulation within Licensee's Area of Use impose a greater or a conflicting obligation on Licensee's Activities, such applicable local law and/or regulation shall govern. Nothing herein is, or shall be construed as, a waiver or release of any right or privilege held by, or obligation Licensee may owe to, Mastercard under the License Agreement or Standards. All such rights and privileges are affirmatively retained by Mastercard.
IN WITNESS WHEREOF, the parties have negotiated and agreed upon each and every one of the provisions in this Supplement Agreement for which reason this Supplement Agreement cannot, under any circumstances, be considered an adhesion contract and have executed this Supplement Agr date first written above.
						
	MASTERCARD INTERNATIONAL INCORPORATED

	By:	/s/Daniel Paula

	Name:	Daniel Paula

	Title:	Franchise Director

	Date:	October 20, 2020

									
	PAGSEGURO INTERNET S.A.

	By:	/s/Renato Bertozzo Duarte
	/s/Leandro Roberto Rodrigues
	Name:	Renato Bertozzo Duarte
	Leandro Roberto Rodrigues

		CPF: [*****]
	CPF: [*****]

	Title:	

	

	Date:	07th, October, 2020
	

[*****] Confidential information redacted

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