Document:

Form of Indemnity Agreement

 Exhibit 10.01 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made this
     day of                     , 200  , by and between MercadoLibre, Inc., a Delaware corporation
(the “Company”), and                              (“Indemnitee”).

 The Indemnitee is a director or officer of the Company. The Company and Indemnitee desire to set forth the terms by which the Company
shall provide indemnification (including advancement of Expenses) against any and all liabilities asserted against Indemnitee in any and all Proceedings to the fullest extent permitted by the Delaware General Corporation Law. For and in
consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 1.
Certain Definitions. For purposes of this Agreement, the following definitions apply herein: 
 (a) “Disinterested Directors”
shall mean directors who are not, at the time, parties to the Proceeding for which indemnification is sought. 
 (b) “Expenses”
includes, without limitation, expenses of investigations, judicial or administrative proceedings or appeals, attorneys’ fees, witness fees and expenses, excise taxes assessed on the Indemnitee with respect to any employee benefit plan, fees and
expenses of accountants and other advisors, retainers and disbursements and advances thereon, and any amounts expended in asserting a claim for indemnification. 
 (c) “Liabilities” includes any judgments, fines, penalties, amounts paid in settlement, or other liabilities incurred or paid by Indemnitee or on Indemnitee’s behalf in connection with a Proceeding.

 (c) “Interested Directors” shall mean directors who are, at the time, parties to the Proceeding
for which indemnification is sought. 
 (d) “Proceeding” means any threatened, pending, or completed action, suit, proceeding or
appeal, whether civil, criminal, administrative, or investigative and whether formal or informal, including proceedings by or in the right of the Company. 
 2. Continued Service. Nothing contained in this Agreement is intended to create any right to continued employment by Indemnitee. 
 3. Indemnification and Advancement. The Company shall indemnify and make advances to Indemnitee as follows: 
 (a) Except as provided under Section 3(d), the Company shall indemnify Indemnitee in the event that he is or was a party to or is or was threatened to be made a party to, or otherwise involved in, any Proceeding by reason of the fact
that he is or was an officer or director of the Company, or is or was serving the Company or any other legal entity (including any employee benefit plan) in any capacity at the request of the Company, against all Liabilities and Expenses actually
and reasonably incurred by him or on his behalf in connection with such Proceeding. Indemnitee shall be eligible for indemnification for claims under this Section 3(a), subject to a determination of such eligibility in accordance with
Section 4. Indemnitee shall be indemnified to the fullest extent allowed by Delaware law pursuant to a determination in accordance with Section 4 that (i) Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company and (ii) with respect to any criminal Proceeding, Indemnitee had no reasonable cause to believe his conduct was unlawful, except to the extent that indemnification otherwise is
expressly prohibited by applicable law (including without limitation pursuant to Section 16(b) of the Securities Exchange 

  

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Act of 1934, as amended). Service as a director, officer, employee or agent of the Company or any other legal entity, partnership, joint venture, trust,
employee benefit plan or other enterprise, controlled, directly or indirectly, by the Company shall be deemed service at the request of the Company. The termination of a Proceeding by judgment, order, settlement, conviction or upon a plea of nolo
contendere or its equivalent shall not, of itself, create a presumption that Indemnitee acted in such a manner as to make him ineligible for indemnification under this Section. Without limiting the foregoing, the Company shall indemnify
Indemnitee against all Expenses incurred by him in connection with a Proceeding to which he is or was a party because he is or was a director or officer of the Company to the extent he prevails on the merits or otherwise. 
 (b) Any indemnification under Section 3(a) (unless otherwise ordered by a court) shall be made by the Company only as authorized in the specific
case upon a determination (in accordance with Section 4) that indemnification of Indemnitee is proper in the circumstances because he has met the applicable standard of conduct set forth in Section 3(a). Such indemnification shall be made
within 5 days after the determination (in accordance with Section 4) that indemnification of the Indemnitee is proper. 
 (c) Except as
provided under Section 3(d), unless a determination has been made in accordance with Section 4 that the facts then known to those making the determination would not permit indemnification, Expenses incurred by Indemnitee in defending a
Proceeding to which Indemnitee is or was a party or is or was threatened to be made a party by reason of the fact that he is or was an officer or director of the Company or any other legal entity controlled, directly or indirectly, by the Company,
or is or was serving the Company or any other legal entity in any capacity at the request of the Company, shall be paid by the Company in advance of the final disposition of such Proceeding within 30 days of the receipt by the Company of a written
statement by Indemnitee 

  

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(“Undertaking”) requesting advancement of Expenses and averring that Indemnitee (i) in good faith believes that he has met the standard
of conduct required for indemnification set forth in Section 3(a), (ii) has reasonably incurred or reasonably expects to incur such Expenses in defending the Proceeding, and (iii) undertakes to repay such amount if it shall ultimately
be determined that he is not entitled to be indemnified by the Company under this Agreement or otherwise. The Undertaking shall be an unlimited, unsecured general obligation of Indemnitee and shall be accepted by the Company without reference to
Indemnitee’s ability to make repayment. Any subsequent requests for advancement of Expenses shall be pursuant to the Undertaking and shall be paid by the Company within 30 days of receipt of such requests. 
 (d) Notwithstanding anything to the contrary in this Agreement, the Company shall not be obligated to indemnify Indemnitee with respect to any Liability
or to pay or advance Expenses in any Proceeding commenced by Indemnitee against the Company, other than a Proceeding commenced to enforce a claim for indemnification or a claim for advancement of Expenses, unless, prior to the initiation of such
Proceeding, the initiation of such Proceeding is approved by the Board of Directors by a majority vote of a quorum consisting of Disinterested Directors, or, if such quorum cannot be obtained, by a majority vote of a committee duly designated by the
Board of Directors (in which designation Interested Directors may participate), consisting solely of two or more Disinterested Directors. Notwithstanding the foregoing, the Company shall not be required to advance any expenses to a person against
whom the Company directly brings a claim, in a proceeding, alleging that such person has breached his or her duty of loyalty to the Company, committed an act or omission not in good faith or that involves intentional misconduct or a knowing
violation of law, or derived an improper personal benefit from a transaction. 
  

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 (e) The Company shall not be liable to indemnify the Indemnitee under this Agreement for any amounts paid
in settlement of any Proceeding effected without its written consent. The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on or disclosure obligation with respect to the Indemnitee without the
Indemnitee’s written consent. Neither the Company nor the Indemnitee will unreasonably withhold its consent to any proposed settlement. 
 (f) The rights to indemnification and advancement of Liabilities and Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be entitled under any statute (including without limitation
under Section 145 of the Delaware General Corporation Law), articles of incorporation, certificate of incorporation, bylaw, insurance policy, agreement, vote of shareholders or Disinterested Directors or otherwise, both as to action in his
official capacity and as to action in another capacity while serving as an officer of the Company, or serving the Company or any other legal entity in any capacity at the request of the Company, and shall continue after Indemnitee has ceased to be a
director or officer of the Company, or ceased serving the Company or any other legal entity in any capacity at the request of the Company, and whether or not he is serving as a director or officer of the Company, or serving the Company or any other
legal entity in any capacity at the request of the Company, at the time any Liability or Expense is incurred, and shall inure to the benefit of his heirs, executors and administrators. 
  

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 4. Determination of Right to Indemnification. 
 (a) For purposes of making the determination in a specific case under Sections 3(a) and 3(b) whether indemnification is permissible, the determination
shall be made as authorized from time to time by general or specific action of the Board of Directors, which action may be taken before or after a claim for indemnification is made. 
 (b) For the purposes of making the determination under Section 4(a), if a majority of the directors of the Company has changed after the date of the
alleged conduct giving rise to such a claim for indemnification, such determination and evaluation shall, at the option of Indemnitee, be made by special legal counsel selected by Indemnitee and subject to the approval of the Board of Directors,
which approval shall not be unreasonably withheld. 
 (c) The special legal counsel may be outside counsel currently or previously retained
by the Company, provided that such counsel (i) has not provided legal services to Indemnitee, (ii) does not regularly advise the directors or senior management of the Company with respect to their actions, duties and responsibilities and
(iii) has not provided legal services to the Company or Indemnitee with respect to the transaction or matter out of which the Proceeding arose. 
 (d) The reasonableness of Expenses may be determined in accordance with this Section 4. 
 5. Notice
and Other Indemnification and Advancement Procedures. 
 (a) Promptly after receipt by Indemnitee of notice of the commencement of or the
threat of commencement of any Proceeding, Indemnitee shall, if Indemnitee believes that indemnification or advancement with respect thereto may be sought from the Company and Indemnitee wishes to seek such indemnification or advancement, notify the
Company of the existence of such Proceeding. The Undertaking identified in Section 3(c) shall constitute such notice. Failure to submit notice to the Company as 

  

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provided herein shall not prevent Indemnitee from claiming indemnification or advancement under this Agreement, unless such failure impairs the
Company’s ability to defend Indemnitee in the Proceeding. 
 (b) To make a claim for indemnification, Indemnitee shall submit to the
Board of Directors a written statement requesting indemnification (the “Indemnification Statement”). If Indemnitee is requesting advances or reimbursement of Expenses in connection with a Proceeding for which indemnification is
sought, the Indemnification Statement shall include or be accompanied by the Undertaking required pursuant to Section 3(c). Submission of the Indemnification Statement shall create a rebuttable presumption that Indemnitee is entitled to
indemnification under this Agreement. A specific determination that Indemnitee is entitled to indemnification shall be made in accordance with the provisions of Section 4 within 60 days after submission of the Indemnification Statement, unless
a determination is made in accordance with the provisions of Section 4 that indemnification is not permissible under Section 3(a) (any such matter, an “Excluded Claim”). If a determination in accordance with the provisions
of Section 4 has not been made within 60 days after receipt by the Company of the Indemnification Statement, the requisite determination of entitlement to indemnification shall be deemed to have been made and the Indemnitee shall be absolutely
entitled to such indemnification, absent actual and material fraud in the request for indemnification, or unless and until a court shall have determined that such liability relates to an Excluded Claim. 
 (c) If, at the time of the receipt of an Undertaking or Indemnification Statement, the Company has D&O Insurance (as defined in Section 8(a)
below) in effect, the Company shall give prompt notice of the commencement of any Proceeding to the insurers in accordance with the procedures set forth in the D&O Insurance policies. The Company shall thereafter take all necessary 

  

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or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms
of such policies. 
 (d) In the event the Company shall be obligated to indemnify or pay the Expenses of any Proceeding against Indemnitee,
the Company, if appropriate, shall be entitled to assume the defense of such Proceeding upon the delivery to Indemnitee of written notice of its election so to do, with counsel selected by the Company and approved by Indemnitee, which consent shall
not be unreasonably withheld. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel
subsequently incurred by Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee shall have the right to employ his own counsel in any such Proceeding at Indemnitee’s expense; and (ii) if (A) the employment
of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense or
(C) the Company shall not, in fact, have employed counsel to assume the defense of such Proceeding, the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. Subject to Section 3(e), Indemnitee shall
cooperate with all reasonable requests of the Company (at the Company’s expense) in defending or settling a claim. If the Company elects not to assume the defense of a Proceeding for which the Indemnitee is entitled to indemnification
hereunder, the Indemnitee shall be entitled to have the reasonable fees and expenses of one law firm reimbursed or paid by the Company. 
  

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 6. Partial Indemnification and Advancement. If the Indemnitee is entitled under any provision of
this Agreement to indemnification or advancement by the Company for some or a portion of the Liabilities or Expenses actually and reasonably incurred by him in connection with a Proceeding, but not, however, for all of the total amount thereof, the
Company shall nevertheless indemnify or make advances to the Indemnitee for the portion of such Liabilities and Expenses actually and reasonably incurred by him to which the Indemnitee is entitled. 
 7. Expenses to Enforce Agreement. In the event that the Indemnitee is a party to or intervenes in any Proceeding in which the validity or
enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, the Indemnitee, if he prevails in whole or in part in such action, shall
be entitled to recover from the Company and shall be indemnified by the Company against any actual Expenses incurred by him. 
 8.
Liability Insurance. 
 (a) The Company hereby covenants and agrees that, so long as Indemnitee shall continue to serve as a director
or officer of the Company, or to serve the Company or any other legal entity in any capacity at the request of the Company, and thereafter so long as Indemnitee shall be subject to any possible Proceeding by reason of the fact that Indemnitee was a
director or officer of the Company, or served the Company or any other legal entity in any capacity at the request of the Company, the Company, subject to Section 8(c), shall promptly obtain and maintain in full force and effect directors’
and officers’ liability insurance (“D&O Insurance”) in reasonable amounts from established and reputable insurers. 
  

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 (b) In all policies of D&O Insurance, Indemnitee shall be named as an insured in such a manner as to
provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors and/or officers. 
 (c) Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance
are disproportionate to the amount of coverage provided or the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit. 
 9. Merger, Consolidation or Sale of Assets. In the event that the Company shall be a constituent corporation in a consolidation or merger, whether the Company is the resulting or surviving corporation or is
absorbed, Indemnitee shall stand in the same position under this Agreement with respect to the resulting, surviving or changed corporation as he would have with respect to the Company if its separate existence had continued. The Board of Directors
of the Company shall use its best efforts to make any sale or transfer of substantially all of the assets of the Company contingent upon the acquiring party or a parent of the acquiring party expressly assuming or guaranteeing the Company’s
obligations under this Agreement. 
 10. Subrogation. In the event of payment under this Agreement or pursuant to Article XI of the
Company’s Certificate of Incorporation, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure
such rights and to enable the Company effectively to bring suit to enforce such rights. 
  

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 11. Severability. If any provision of this Agreement or the application of any provision hereof to
any person or circumstances is held invalid, the remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected. 
 12. Governing Law and Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware without regard to its conflict of laws rules. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any action or Proceeding which arises
out of or relates to this Agreement and agree that any action instituted under this Agreement shall be brought only in the state courts of the State of Delaware. 
 13. Modification, Survival. This Agreement may be modified only by an instrument in writing signed by both parties hereto. The provisions of this Agreement shall survive the termination of Indemnitee’s
service as a director or officer of the Company or service of the Company or any other legal entity in any capacity at the request of the Company. 
 14. Successors and Assigns. This Agreement shall be binding upon all successors and assigns of the Company and any successors by merger or otherwise by operation of law, and shall be binding upon and inure to the benefit of the
heirs, executors and administrators of Indemnitee. 
 15. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which taken together shall constitute but one and the same instrument. 
 16. Headings;
References; Pronouns. The headings of the Sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. References herein to Section numbers are
to Sections of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as appropriate. 
  

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 17. Notices. All notices, requests, demands or other communications hereunder shall be in writing
and shall be deemed to have been duly given and received (i) if delivered by hand, on the date so delivered, or (ii) if sent by overnight courier, on the next business day after being so sent, or (iii) if sent by facsimile, on the day
so sent: 
  

					
	(a)	  	If to the Indemnitee, to:	  	________________________________________
		  		  	________________________________________
		  		  	________________________________________
		  		  	Attn: ___________________________________
		  		  	Facsimile number: ________________________
			
	(b)	  	If to the Company, to:	  	MercadoLibre, Inc.
		  		  	________________________________________
		  		  	________________________________________
		  		  	________________________________________
		  		  	Attn: ___________________________________
		  		  	Facsimile number: ________________________

 or to such other address as may be furnished to the Indemnitee by the Company or to the Company by the Indemnitee,
as the case may be. 
  

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

									
		 		 		 	MERCADOLIBRE, INC.
					
	Attest:	 	  
	 		 	By:	 	  

		 	Secretary	 		 	Name:	 	
		 		 		 	Title:	 	
				
		 		 		 	INDEMNITEE
				
		 		 		 	  

		 		 		 	[Name]

  

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 FORM OF REQUEST FOR INDEMNIFICATION 
 AND ADVANCEMENT AND UNDERTAKING 
 I,
                            , hereby request that MercadoLibre, Inc. (the “Company”) provide
me with indemnification, including advances to cover and reimbursement of my Expenses (as defined in the Indemnification Agreement referred to below) with respect to [DESCRIBE PROCEEDING(S)] and any litigation or other matters related to these
investigations or arising from or related to the facts and circumstances that are the subject of the investigations (collectively, the “Proceeding”). In that regard, as required by the terms of that certain Indemnification Agreement, dated
as of the      day of                     , 200  , by and between the Company and myself
(the “Indemnification Agreement”) and by Delaware General Corporation Law, I hereby aver that 
 (i) I in good faith believe that I
have met the standard of conduct required for indemnification set forth in Section 3(a) of the Indemnification Agreement; 
 (ii) I have
reasonably incurred or reasonably expect to incur the Expenses for which I am seeking advances or reimbursement hereunder in defending the Proceeding; and 
 (iii) If it shall ultimately be determined that I am not entitled to be indemnified by the Company under the Indemnification Agreement or otherwise, I hereby undertake to repay to the Company any amount advanced or
reimbursed to me pursuant to the Indemnification Agreement. 
 This Request for Indemnification and Advancement and Undertaking is delivered
this      day of                     , 200  . 
  
  

	
	  

	[Name]

 Accepted this      day of
                    , 200  : 
  

					
		 	MERCADOLIBRE, INC.
			
		 	By:	 	  

		 	Name:	 	
		 	Title:Quota Purchase Agreement

 Exhibit 10.02 
 QUOTA PURCHASE AGREEMENT 
 among: 
 MERCADOLIBRE, INC. 
 a Delaware
corporation; 
 MARCOS EDUARDO GALPERIN 
 an individual; 
 MATTHEW BANNICK 
 an individual; 
 and 
 EBAY INC. 
 a Delaware corporation

  

 Dated as of
September 24, 2001 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
	 SECTION 1. SALE AND PURCHASE OF QUOTAS;
CLOSING
	  	1
			
	       1.1  
	  	Sale and Purchase of Quotas	  	1
			
	       1.2  
	  	Consideration	  	2
			
	       1.3  
	  	Closing	  	2
			
	       1.4  
	  	Actions at Closing	  	2
			
	       1.5  
	  	Actions Following the Closing; Post-Closing Covenants	  	3
		
	 SECTION 2. REPRESENTATIONS AND WARRANTIES OF
SELLER
	  	4
			
	       2.1  
	  	Organization and Standing; No Subsidiaries	  	4
			
	       2.2  
	  	Capitalization, Etc	  	4
			
	       2.3  
	  	Authority; Corporate Records; Binding Nature of Agreement; No Consents; No Violation	  	5
			
	       2.4  
	  	Financial Statements	  	5
			
	       2.5  
	  	Bank Accounts	  	6
			
	       2.6  
	  	Taxes	  	6
			
	       2.7  
	  	Contracts	  	6
			
	       2.8  
	  	Assets	  	7
			
	       2.9  
	  	Permits	  	7
			
	       2.10
	  	Compliance with Legal Requirements	  	8
			
	       2.11
	  	Insurance	  	8
			
	       2.12
	  	Employee Matters	  	8
			
	       2.13
	  	Intellectual Property Rights	  	9
			
	       2.14
	  	Real Property	  	10
			
	       2.15
	  	Personal Property	  	10
			
	       2.16
	  	Environmental Matters	  	11
			
	       2.17
	  	Computer Systems	  	11
			
	       2.18
	  	Absence of Material Changes	  	11
			
	       2.19
	  	Legal Proceedings	  	12
			
	       2.20
	  	Related Parties	  	13

  

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 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	 	  	PAGE
	       2.21
	  	Bankruptcy	  	13
			
	       2.22
	  	Certain Payments	  	13
			
	       2.23
	  	Brokers	  	13
			
	       2.24
	  	Disclosure	  	13
			
	       2.25
	  	No User Data Transfer	  	13
		
	 SECTION 3. REPRESENTATIONS AND WARRANTIES OF
PURCHASER
	  	14
			
	       3.1  
	  	Organization and Standing; Authority; Binding Nature of Agreement	  	14
			
	       3.2  
	  	No Conflicts	  	14
			
	       3.3  
	  	Compliance with Consumer Defense and Protection Code and Other Legal Requirements	  	14
			
	       3.4  
	  	Access	  	14
			
	       3.5  
	  	Other	  	14
		
	 SECTION 4. INDEMNIFICATION
	  	15
			
	       4.1  
	  	Indemnification by Seller	  	15
			
	       4.2  
	  	Indemnification by Purchaser	  	16
			
	       4.3  
	  	Survival	  	16
			
	       4.4  
	  	Contribution	  	16
			
	       4.5  
	  	Applicability and Payment	  	17
			
	       4.6  
	  	Notice	  	17
			
	       4.7  
	  	Settlement of Claims	  	17
			
	       4.8  
	  	Defense of Claims	  	17
			
	       4.9  
	  	Reports of Satisfaction or Settlement of Claims	  	18
			
	 4.10
	  	Limitations on Indemnification	  	18
			
		  	(a) Limitations on Purchaser’s Right to Indemnification	  	18
			
		  	(b) Limitations on Seller’s Right to Indemnification	  	18
			
	 4.11
	  	Expiration of Representations, Warranties and Covenants	  	18
			
	 4.12
	  	Julien Turn	  	19
		
	 SECTION 5. MISCELLANEOUS PROVISIONS
	  	19
			
	       5.1  
	  	Currency	  	19

  

 ii 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	 	  	PAGE
	       5.2  
	  	Compliance with Laws	  	19
			
	       5.3  
	  	Further Assurances	  	19
			
	       5.4  
	  	Notices	  	19
			
	       5.5  
	  	Counterparts	  	20
			
	       5.6  
	  	Governing Law; Venue	  	20
			
	       5.7  
	  	Consultation	  	21
			
	       5.8  
	  	Severability	  	21
			
	       5.9  
	  	Amendments	  	21
			
	 5.10
	  	Confidentiality of Terms	  	21
			
	 5.11
	  	Entire Agreement	  	21

  

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plan to add text after the Table of Contents/Authorities. Deleting this break will cause Table of Contents/Authorities headers and footers to appear on any pages following the Table of Contents/Authorities. 

 QUOTA PURCHASE AGREEMENT 
 THIS QUOTA PURCHASE AGREEMENT (this
“Agreement”) is entered into as of September 24, 2001, by and among MERCADOLIBRE, INC., a Delaware corporation
(“Purchaser”), Marcos Eduardo Galperin, an individual, Matthew Bannick, an individual, and eBAY INC., a Delaware corporation
(“Seller”). Capitalized terms not otherwise defined have the meanings set forth in Exhibit A. 
 RECITALS 
  

	 	A.	Immediately prior to the Closing of the transaction contemplated herein, Seller will be the holder of Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999)
quotas of, iBazar Com Ltda., a Brazilian limited liability company organized and existing under the laws of the Federative Republic of Brazil, duly registered with the Registry of Commerce of the State of Rio de Janeiro under NIRE No. 3320659653-4,
and enrolled with the Federal Corporate Taxpayer Registry CNPJ/MF under No. 03.499.243/0001-04, with head offices at Rua da Assembléia No. 10, Grupo 4011, in the City of Rio de Janeiro, State of Rio de Janeiro, Brazil (the
“Company”), and Matthew Bannick will be the holder of one (1) quota of the Company, collectively constituting one hundred percent (100%) of all of the outstanding quotas of the Company (the
“Quotas”) at the Closing. 

  

	 	B.	Seller wishes to sell its Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999) Quotas of the Company, to Purchaser on the terms set forth in this
Agreement, and Purchaser wishes to purchase the same from Seller on the terms set forth in this Agreement. 

  

	 	C.	Matthew Bannick wishes to sell his single Quota to Marcos Eduardo Galperin on the terms set forth in this Agreement, and Marcos Eduardo Galperin wishes to purchase the same
from Matthew Bannick on the terms set forth in this Agreement. 

 AGREEMENT 
 Purchaser, Marcos Galperin, Matthew Bannick and Seller, intending to be legally bound, agree as follows: 
 SECTION 1. SALE AND PURCHASE OF QUOTAS;
CLOSING 
 1.1 Sale and Purchase of Quotas. At the Closing (as defined below), Seller shall sell,
assign, transfer and deliver the Quotas to Purchaser, and Purchaser shall purchase the Quotas from Seller, on the terms and subject to the conditions set forth in this Agreement. 
 1.2 Consideration. The consideration for the Quotas shall be the issuance to the Seller of Six Million Nine Hundred Eighty Three Thousand Eight
Hundred Seventy Eight (6,983,878) shares of the Purchaser’s Series E-1 Preferred Stock and One Million One Hundred Forty Two Thousand One Hundred Eighty Four (1,142,184) shares of the Purchaser’s Series E-2 Preferred Stock 

  

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(collectively, the “Series E Preferred Stock”), representing in the aggregate 19.5% of the
Purchaser’s fully diluted share capital after such issuance of the Series E Preferred Stock, pursuant to that certain Securities Purchase Agreement between Purchaser and Seller dated as of even date herewith (the
“Securities Purchase Agreement”), and the execution, delivery and performance by Purchaser of the other Documents, including, without limitation, the Strategic Alliance Agreement between Purchaser
and Seller. 
 1.3 Closing. The closing of the sale of the Quotas to Purchaser (the
“Closing”) shall take place at the offices of Hunton & Williams, at 2:00 p.m. (local time) on September 24, 2001, or such other place or time as the parties may jointly designate. The date
on which the Closing actually takes place shall be referred to as the “Closing Date.” 
 1.4 Actions at Closing. At the Closing: 
 (a) Seller shall sell, assign and transfer, or shall cause to be
sold, assigned and transferred to Purchaser, free and clear of all Encumbrances, an aggregate of Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999) Quotas of the capital of the Company. Matthew Bannick shall sell, assign and
transfer, or shall cause to be sold, assigned and transferred to Marcos Eduardo Galperin, free and clear of all Encumbrances, a single Quota of the capital of the Company. The total of Nineteen Million Two Thousand Quotas represents 100% of the
capital of the Company. 
 (b) The Parties will execute, or cause to be executed, six original copies of the Sixth Amendment to the
Articles of Association of the Company in the form attached as Exhibit B (the “Amended Articles”), which shall ratify the appointment of Purchaser as managing quotaholder of the Company and
the delegation of its managing powers to Stelleo Passos Tolda, and, bearing the duly witnessed signatures of the following: 
 (i)
Seller, by Pedro Paulo Muanis under power of attorney dated August 23, 2001, as the holder of Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999) Quotas prior to the transfer of all such Quotas to Purchaser, and evidencing
the transfer of all such quotas to Purchaser pursuant to this Agreement; 
 (ii) Matthew Bannick, by Pedro Paulo Muanis under power of
attorney dated August 14, 2001, as the holder of one (1) Quota prior to the transfer of such Quota to Marcos Eduardo Galperin, evidencing the transfer of such Quota to the same, and containing mutual releases of both transferor and
transferee; 
 (iii) Purchaser, by Leila Real Vianna Gonçalves under power of attorney dated August 28, 2001, as the
holder of Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999) Quotas of the Company after the transfer described in Section 1.4(b)(i); and 
 (iv) Marcos Eduardo Galperin, by Leila Real Vianna Goçalves under power of attorney dated September 21, 1999, as the holder of one (1) Quota of the Company after the transfer described in
Section 1.4(b)(ii). 
  

 2 

 (c) The parties shall execute and deliver to each other the Securities Purchase Agreement and the
other Documents. 
 (d) Seller shall deliver to Purchaser a certificate from the Registry of Commerce for the State of Rio de Janeiro
(“certidão simplificada”) for the Company dated within ten (10) business days of the Closing. 
 (e)
Seller shall deliver to Purchaser an opinion of US counsel in substantially the form attached as Exhibit C; 
 (f) Seller
shall arrange for iBazar S.A. to deliver to Purchaser the trademark license agreement relating to the trademarks described in Schedule 2.13(b), in substantially the form attached as Exhibit D. 
 1.5 Actions Following the Closing; Post-Closing Covenants. 
 (a) Filing of Amended Articles. Within ten (10) business days after the Closing Date, Purchaser shall cause three original, fully executed copies of the Amended Articles to be filed with the Registry of
Commerce in the State of Rio de Janeiro and shall provide to Seller evidence of such filing in form and substance satisfactory to Seller’s counsel. If such evidence is not provided by that time, Seller may, at its option, cause three original,
fully executed copies of the Amended Articles to be filed with the Registry of Commerce in the State of Rio de Janeiro and shall provide to Purchaser evidence of such filing in form and substance satisfactory to Purchaser’s counsel. In case the
Registry of Commerce of the State of Rio de Janeiro demands that any provisions of the Amended Articles be modified, the Parties shall cooperate fully to meet the such demands to the extent it does not conflict with any provision hereof. 

(b) Competition Law Filings. Immediately following the Closing, Purchaser shall file, or cause to be filed, all appropriate documents, and
take any and allappropriate actions, to obtain the approval of the transactions contemplated herein by any Brazilian governmental authority, including, without limitation, CADE. Seller shall cooperate in good faith with Purchaser in
connection with Purchaser’s performance of its obligations under this Section 1.5(b). 
 (c) Compliance with Consumer Defense
and Protection Code and Other Legal Requirements. After the Closing, Purchaser shall ensure (i) that any transfer, assignment or transmittal of data relating to any third party (including, without limitation, the registered users) by the
Company to the Purchaser or any other Person, and any use of such data by the Company and the Purchaser, is effected in full compliance with all applicable Legal Requirements, including, without limitation, the Brazilian Consumer Defense and
Protection Code (Law n. 8078/90) and any Legal Requirements relating to notification of consumers, registered users, owners or originators of data, or any other Person; and (ii) full compliance with any Legal Requirements relating to the
amendment, correction, rectification, deletion or other changes to such data upon the request of the Person(s) to whom such data refers, relates or belongs, or from whom such data originated. For the purposes of this Section 1.5(c), the term
“Legal Requirements” shall include the obligations by which the Company is bound under the “commitment note” relating to the user agreement as posted on the Company’s website (http://www.ibazar.com.br/charte.html).

  

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 SECTION 2. REPRESENTATIONS AND WARRANTIES
OF SELLER 
 Except as set forth in a Schedule to this Agreement bearing the number of the
section or subsection hereof to which exception is taken, Seller represents and warrants as follows, to and for the benefit of Purchaser, as of the date hereof: 
 2.1 Organization and Standing; No Subsidiaries. The Company is duly incorporated and validly existing under the laws of the Federative Republic of Brazil, with all requisite power and authority to conduct
lawfully its business as presently conducted (including, without limitation, to own and use its assets as presently owned and used), and to perform all of its obligations under all its Contracts. All corporate actions taken by the Company have been
taken in full compliance with applicable Legal Requirements. The Company has no subsidiaries and owns no equity in any other Entity. 
 2.2 Capitalization, Etc. 
 (a) The capital of the Company consists of Nineteen Million Two Thousand
(19,002,000) quotas having a par value of one Real (R$1.00) each (previously defined as the “Quotas”). Immediately prior to the filing of the Amended Articles with the Registry of Commerce as contemplated herein, the capital of
the Company, not all of which is fully paid-in as described in Section 2.2(b), is held as follows: Seller is the holder of Nineteen Million One Thousand Nine Hundred Ninety Nine (19,001,999) quotas of the Company and Matthew Bannick is the
holder of one (1) quota of the Company 
 (b) Upon the effective filing of the Fifth Amendment to the Articles of Association
with the Registry of Commerce in the State of Rio de Janeiro, each of Matthew Bannick and Seller will be the sole and exclusive holder of that number of quotas of the Company indicated in Sections 1.4(b)(ii) and (i), respectively, and shall have the
sole, entire and unfettered right to vote and dispose of any and all Quotas. Upon the consummation of the transactions contemplated by this Agreement, including without limitation the filing of the Amended Articles as contemplated by
Section 1.5(a), Purchaser shall acquire good and valid title to the Quotas, free and clear of any Encumbrances. With the exception of the customary powers of attorney identified in Schedule 2.2, there are no voting trusts, shareholders
agreements, proxies or other agreements, arrangements or understandings in effect with respect to the voting or transfer of any of the Quotas. All of the Quotas have been duly authorized and validly issued in full compliance with all applicable
securities laws and other applicable Legal Requirements, and R$ 14,874,712.51 are fully paid-in, with the balance to be paid-in by May 16, 2003. Except as described in Schedule 2.2(b), all foreign investment as defined by Brazilian Law
No. 4,131 is duly registered with the Central Bank of Brazil, subject to the updating of the registration with the Central Bank of Brazil of Seller as the current foreign investor in the Company. Purchaser acknowledges that the capital of the
Company has not been fully paid-in as of the Closing Date, and that, following the Closing Date, neither Seller nor any other quota holder of the Company prior to the Closing Date shall have any obligation to pay-in any further capital to the
Company. 
  

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 2.3 Authority; Corporate Records; Binding Nature of Agreement; No Consents; No Violation.

 (a) Seller is duly incorporated, validly existing and in good standing under the laws of the State of Delaware. Seller has the
absolute and unrestricted corporate right, power and authority to enter into and to perform its obligations under this Agreement; and the execution, delivery and performance by Seller of this Agreement have been duly authorized by all necessary
action on the part of Seller and no further action is required by Seller. 
 (b) The Company’s corporate records, including,
without limitation, its articles of association and amendments thereto, minute books, quotaholders accounts and, generally, all registers and corporate documents required to be created, kept, maintained, amended, and/or updated by applicable Legal
Requirements, have been so created, kept, maintained, amended, and/or updated by the Company in all material respects with such Legal Requirements, and are accurate, up to date, and complete in all material respects. 
 (c) The filings of the Company relating to its corporate status with any relevant governmental agency pursuant to applicable Legal Requirements
are complete and up to date in all material respects. 
 (d) This Agreement has been duly executed by Seller and, when delivered in
accordance with the terms hereof, and assuming the due authorization, execution and delivery by Purchaser, shall constitute the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except
(i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (ii) as limited by general principles of equity that restrict the
availability of equitable remedies. 
 (e) Neither the execution and delivery by Seller of this Agreement, nor the performance by
Seller of its obligations hereunder, including, without limitation, the consummation of the transfer of the Quotas as contemplated hereunder require the consent or approval of, or filing with, any Person or any authority, provided, however, that
the effectiveness of the transfer of the Quotas as contemplated hereunder as against third parties requires the timely filing of the Amended Articles as contemplated in Section 1.5(a). 
 (f) The execution, delivery or performance of this Agreement or any other agreement or transaction contemplated herein, will not (i) result
in a violation or breach of the terms, conditions or provisions of, constitute a default under, or result in the termination of, the articles of association of the Company and any amendments thereto or any Contract under which the Company is bound,
(ii) violate or affect the validity of any Company Permit, (iii) result in the creation or execution of an Encumbrance upon the assets or the shares or the Company, or (iii) violate any applicable Legal Requirements. 
 2.4 Financial Statements. 
 (a) The unaudited balance sheet, income statement and certain notes thereto of the Company as of August 31, 2001 attached hereto as Schedule 2.4 (the “Financial
Statements”) have been prepared in accordance with (to the Seller’s Knowledge) 

  

 5 

 
US GAAP in accordance with past practice, are true and accurate and set out a fair view of the results of operations and of the financial position of
the Company as of August 31, 2001. All liabilities of the Company are properly reserved against in the Financial Statements in accordance with (to the Seller’s Knowledge) US GAAP. 
 (b) The Company has no indebtedness, liability, claim or obligation of any nature, fixed or contingent, liquidated or unliquidated, secured or
unsecured of a type that would be recorded in the Company’s financial statements if applied on a consistent basis, except (i) liabilities specifically described and reflected at their precise accounting value in the Financial Statements,
(ii) fixed liabilities incurred in the ordinary course of business on commercially reasonable terms since August 31, 2001, (iii) fixed commercial obligations to perform pursuant to executory Contracts entered into in the ordinary
course of business on commercially reasonable terms, consistent with past practices, and not in default, (iv) liabilities of less than US$10,000, and not more than US$50,000 in the aggregate, and (v) liabilities specifically disclosed and
reflected at their precise accounting value in Schedule 2.4(b); and to the Company’s Knowledge, there is no existing condition, situation or set of circumstances which will result in any such liabilities except for the liabilities identified in
this Section 2.4(b). 
 (c) With the exception of the items that are mentioned expressly and specifically in the Financial
Statements, the Company does not have or has not consented to, as the case may be, any off balance-sheet commitments, sureties, guarantees, letters of credit, comfort letters or similar commitments. 
 2.5 Bank Accounts. Schedule 2.5 sets forth a complete and accurate list of all the bank accounts of the Company, and of the current powers
of attorney and powers of signature in respect to such bank accounts. 
 2.6 Taxes. The Company has (i) filed or made when
due all required Tax forms, declarations and statements, including, without limitation, those relating to corporate income, professional, and value added taxes, custom duties and charges, and social security contributions, which are correct and
complete in all respects, (ii) fully paid when due, or reserved in the Financial Statements against all Taxes which it owed as of August 31, 2001 in accordance with (to the Seller’s Knowledge) US GAAP as consistently applied by
the Company and applicable Legal Requirements, and (iii) retained copies of all written information or statements made to the tax authorities or, as the case may be, to any competent authority. The Financial Statements properly reflect any
amount of unpaid Taxes of the Company due, accrued or otherwise attributable to the period ending August 31, 2001. Within the past three years, the Company has not been the subject of any investigation, audit or visit by any Tax authority and
there has been no Tax reassessment of the Company. 
 2.7 Contracts. 
 (a) Schedule 2.7(a) contains an accurate and complete list of all contracts (other than employment agreements) to which the Company is a party or
which have been notified in writing to the Company and by which any of its assets or properties are bound or affected and which (i) involve the obligation (including contingent obligations) to pay by or to the Company over the term of the
contract, amounts in excess of $25,000 in the aggregate or (ii) may not be terminated without penalty exceeding $25,000 upon less than a sixty (60) days prior notice (the
“Contracts”). 
  

 6 

 (b) To the Knowledge of Seller, all the Contracts are binding and enforceable according to their
terms and Law by the Company in accordance with their respective terms. 
 (c) The Company is not in default in any material respect
under any of its Contracts or in respect of any Contract and, to the Knowledge of the Seller, there is no basis for any valid claim of default or violation under any such Contract. 
 (d) No notice or other written communication alleging any actual, alleged or possible violation, breach or default under any Contract has been
received by the Company. No other party to a Contract has requested that such Contract be amended or terminated. 
 (e) The Company
is not a party to any Contract containing an undertaking on its part not to compete in any business, industry or geographical area or to comply with exclusivity provisions. 
 (f) Except as set forth in Schedule 2.7(f), all Contracts conform to, and were entered into in accordance with, applicable Legal Requirements in
all material respects. 
 (g) None of the Contracts contains a clause allowing a person or legal entity other than the Company to
terminate or modify such agreement because or due to the transfer of the quotas of the Company to Purchaser as contemplated by this Agreement. 
 (h) The Company is not a party to any joint venture or to any comparable arrangement involving sharing of profits or of liabilities. 
 2.8 Assets. The Company has good, valid and marketable, title to the assets that are owned by it and listed on Schedule 2.8 (excluding intellectual property, as to which a separate representation and warranty
is made herein), free and clear of Encumbrances, and such assets validly used by the Company are sufficient for the operation of the Company as presently conducted. Except for normal wear and tear, all the buildings and equipment used by the Company
are in a good state of operating condition and repair. 
 2.9 Permits. Schedule 2.9 sets forth an accurate and complete list of all
Company Permits and includes the expiration date and renewal status of all such Company Permits. The Company Permits are sufficient for the operation of the business of the Company as presently conducted, in full compliance with applicable Legal
Requirements, and: (i) all Company Permits are in full force and effect, (ii) any applications for renewal of any Permit due prior to the Closing Date have been or shall be timely filed prior to such Closing Date, (iii) no proceeding
or other legal action to modify, suspend, revoke, withdraw, terminate or otherwise limit any such Company Permit is pending or, to the Knowledge of Seller, threatened, (iv) the Company has made all payments required to be made under all Company
Permits, and has acted in full compliance with the terms and requirements of such Permits, (v) no event has occurred and no condition or circumstance exists that constitutes a violation or failure to comply with any Company Permit, and 

  

 7 

 
(vi) no administrative or governmental actions have been taken or, to the Knowledge of Seller, threatened in connection with the expiration, continuance
or renewal of such Permits which could affect the ability of the Company to own any assets, to operate, use or maintain any assets or to conduct any of its operations in substantially the same manner in which such operations were conducted on the
date hereof. 
 2.10 Compliance with Legal Requirements. The Company is in material compliance with all Legal Requirements applicable
to it. 
 2.11 Insurance. 
 (a) Schedule 2.11(a) contains a complete and accurate list of the insurance policies that currently insure the assets or operations of the Company, and contains a description of the main features and of any unusual clause of such
insurance policies (including a description of the insured risks and of the limits and franchises to any claim under the relevant insurance policy). 
 (b) All premiums due and payable regarding such policies are and/or have been fully paid, no such premiums are subject to retroactive adjustment, and such policies are, in respect of the nature of the risks
insured against and the amount of coverage provided, in force. 
 (c) The Company (i) has not failed to give any notice or to
present any claim under such insurance policies in a timely fashion, (ii) has not received any notification of the cancellation of any such policies or that any of them will not be renewed, (iii) has never been refused insurance for any
reason, and has not, since January 1, 1999, incurred any liabilities with respect to risk insured in excess of its insurance coverage. 
 (d) Since January 1, 1999, the Company has not received from any of its past or present insurance carriers a notice of denial of coverage, or a notice reserving the insurer’s rights under the policy, including the right to
deny coverage. 
 2.12 Employee Matters. 
 (a) Schedule 2.12(a) contains a list of all employees and officers of the Company as at the date hereof. Such list indicates such employees’ current and committed future (if any) Compensation, and any
current or future liability or commitment of the Company towards such employee or officer more favorable than the requirements of applicable Legal Requirements or of any applicable collective bargaining agreement.
“Compensation” shall include the employee or officer’s gross annual compensation, whether in the form of salaries, commissions, profit sharing, vacation pay, or other supplemental advantages
and compensation. None of the employees or officers mentioned above has notified the Company of his or her intention to resign from such employee’s duties or to terminate such employee’s employment agreement. 
 (b) The standard employment agreements of the Company are attached hereto as Schedule 2.12(b). That schedule also lists (i) any employment
contract that differs in any material way from the provisions of the Company’s standard employment 

  

 8 

 
contracts, (ii) any arrangements involving loans or guarantees given by the Company to or for any employee (indicating the amount involved), and
(iii) any arrangements involving any indebtedness of the Company to any employee other than accrued salaries, bonuses, vacation time, and expenses (indicating the amount involved). 
 (c) There are no collective bargaining agreements applicable to the Company. 
 (d) The Company is not experiencing, and has not experienced in the past, any strikes, slowdowns, or other collective labor disputes, and, to the
Seller’s Knowledge, none are expected. 
 (e) Except as set forth in Schedule 2.12(e), or referred to therein, no employee or
officer of the Company has been granted any advantage, of any nature whatsoever, more favorable than the requirements of applicable Legal Requirements or of any applicable employment agreement. In particular, without limitation, the Company has no
obligation toward any employee for a termination notice period or for a termination indemnity greater than the notice period and indemnity required by applicable Legal Requirements and by any applicable employment agreement. 
 (f) There are no health or life insurance, pension, retirement, bonus, incentive, profit-sharing, stock-option, warrants, insurance, severance or
other employee benefit plans or arrangements, in which any employee of the Company participates (the “Benefit Plans”) except those listed in Schedule 2.12(f), and except for Benefit Plans which are
required by applicable Legal Requirements or any applicable employment agreement. The Company complies in all material respects with its obligations under applicable Legal Requirements and pursuant to any applicable employment agreement in
connection with the Benefit Plans. None of the employees of the Company have been granted any existing rights to acquire any equity interests in the Company. 
 (g) All liabilities relating to the Benefit Plans as of June 30, 2001, including, without limitation, any retirement Benefit Plans, have been properly reserved against in the Financial Statements or are
otherwise clearly and completely disclosed in the notes to the Financial Statements to the extent required by (to the Seller’s Knowledge) US GAAP. The sale of the quotas of the Company as contemplated herein will not create any liabilities
under any Benefit Plans or any agreements with employees. 
 (h) There are no scheduled or agreed upon future increases in the amount
of the Benefit Plans or of the Compensation of the employees and directors of the Company, other than those required by applicable Legal Requirements or by any applicable employment agreement. 
 2.13 Intellectual Property Rights. 
 (a) Schedule 2.13(a) sets forth a list of all Owned Intellectual Property. All Owned Intellectual Property is fully owned and, where applicable, validly registered in the name of the Company, free and clear of all Encumbrances.
Except as set forth 

  

 9 

 
in Schedule 2.13(a), there exist no proceedings contesting the validity or enforceability of, or the right of the Company to use or otherwise exploit, the
Owned Intellectual Property and, to the Seller’s Knowledge, no such proceedings are threatened. Except as set forth in Schedule 2.13(a) and to the Seller’s Knowledge, none of the Owned Intellectual Property is being infringed upon or
appropriated by third parties. Except as set forth in Schedule 2.13(a), there are no geographic restrictions on the use by the Company of the Owned Intellectual Property. Schedule 2.13(a) also includes a list of all Intellectual Property Rights, if
any, submitted for registration by the Company and rejected by the competent authority, if any. 
 (b) Schedule 2.13(b) sets forth
all Licensed Intellectual Property. All rights to Licensed Intellectual Property have been granted pursuant to binding and enforceable (according to their terms and Law) license agreements. There exist no proceedings contesting the validity or
enforceability of, or the right of the Company to use or otherwise exploit, the Licensed Intellectual Property pursuant to the applicable agreements and, to the Seller’s Knowledge, no such proceedings are threatened. 
 (c) Except as set forth in Schedule 2.13(c), neither the Company, nor any of its employees during the duration of their employment agreements,
have infringed or are infringing any Intellectual Property Rights of a third party and, to the Seller’s Knowledge and except as set forth in Schedule 2.13(c), there is no outstanding claim made by any other third party against the Company, or
its employees, for breach of any of such third party’s intellectual property rights. 
 (d) Except as set forth in Schedule
2.l3(d) and except for software installed by employees for their own use without knowledge of the Company, the Company owns or has obtained valid rights to use all software installed on any computer used or in connection with its business, and no
software currently is installed on any such computer without the Company having obtained the right to so install such software. 
 (e) None of the employees of the Company owns any right in the Owned or Licensed Intellectual Property Rights. 
 (f)
Except as set forth in Schedule 2.13(f), the Company owns or has obtained valid rights to use all content used on each of its web sites, and no third parties have any rights to the same. 
 2.14 Real Property. The Company owns no real property. Schedule 2.14 sets forth a list of all real property leased by the Company. The
Company has valid leasehold interests in all of the real property listed in Schedule 2.14, and all leases and subleases listed therein are in full force and effect. The Company is not in default in any material respect under any of such leases or
subleases. There are no leases of properties formerly held by the Company under which the Company has any actual or contingent liability. 
 2.15 Personal Property. The Company has good title or valid leasehold interests, in each instance free and clear of any rights in favor of third parties (except for those reflected in the Financial Statements) to the owned or leased
tangible personal property and assets used by it in its business. 
  

 10 

 2.16 Environmental Matters. The Company has complied in all material respects with all applicable
environmental Legal Requirements. The Company has not received any notice from any person or entity relating to any actual, alleged or potential liability arising from such requirements. 
 2.17 Computer Systems. Except as set forth in Schedule 2.17, all computer systems used by the Company were acquired new and have not been
reconditioned, have been properly used, maintained and serviced in accordance with the manufacturer’s instructions and have at all material times functioned in a manner which would be satisfactory to a reasonably skilled person engaged in the
same type of business. The Company has in place adequate backup arrangements designed to ensure continuance of its businesses without loss of customer data and without additional expense, in the event of computer hardware or software breakdown,
malfunction or in the event of power failure. All applicable Taxes and import duties relating to the single server sold by iBazar SA to the Company have been paid in full by the Company. 
 2.18 Absence of Material Changes. Since July 31, 2001, the Company has not: 
 (a) suffered any material adverse change, whether or not caused by any deliberate act or omission which would affect its operations, assets,
liabilities, or business prospects; 
 (b) issued or sold any debt securities; 
 (c) except as set forth in Schedule 2.18, incurred any liabilities, indebtedness, or obligations, or entered into any contract or agreement,
except in the ordinary course of business and for amounts not exceeding, individually, $25,000, or $50,000 in the aggregate; 
 (d)
paid any amount on any indebtedness except when due and in the ordinary course of business; 
 (e) forgiven, cancelled, released
or reduced any debts or claims owed to the Company, except in the ordinary course of business and for amounts, in the aggregate, not exceeding $50,000; 
 (f) suffered any damage or destruction to, or loss of, any assets (whether or not covered by insurance), with a net book value in excess of $50,000 in the aggregate, and/or $25,000 on an individual basis;

 (g) disposed of any assets with a net book value in excess of $50,000 in the aggregate, and/or $25,000 on an individual basis;

  

 11 

 (h) written up or written down the carrying book value of any of its significant assets (not
including any depreciation resulting solely from the passage of time, consistent with past practices and in accordance with (to the Seller’s Knowledge) US GAAP); 
 (i) changed the costing system or depreciation methods of accounting for its assets; 
 (j)
acquired and/or disposed of any interest in any corporation, partnership, joint venture or other entity; 
 (k) redeemed, purchased
or otherwise acquired, or sold, granted or otherwise disposed of, directly or indirectly, any of its capital stock or securities or any rights to acquire such capital stock or securities, including stock options or warrants, or agreed to change the
terms and conditions pertaining to the exercise of any such rights; 
 (1) modified or amended the terms of any of the Contracts or
employment agreements, except for insignificant modifications or amendments incidental to renewals made in the ordinary course of business; 
 (m) settled any civil claim made or action commenced against the Company, except in the ordinary course of business, with the consent or on the advice of an insurance carrier (to the extent such claim is covered), and without
admission of liability; 
 (n) settled, pleaded guilty to, paid a fine in respect of, or consented to the entry of any penalty,
order, or injunction regarding, any criminal, penal, or administrative charges or proceedings filed or commenced against the Company; 
 (o) distributed or authorized the distribution of dividends; 
 (p) entered into any other commitment or transaction
or experienced any other event that has, or is reasonably expected to have, a material adverse effect on the condition, operations, business, or future prospects of the Company; or 
 (q) sold or licensed any Intellectual Property Rights. 
 2.19 Legal Proceedings. 
 (a) Schedule 2.19(a) sets forth a true, complete and correct
list of all unsettled legal claims, proceedings, arbitration, mediations, or investigations notified to the Company instituted or otherwise involving the Company (or any of its directors and/or officers acting in their official capacity), and of all
legal actions, claims or demands, which, to the Seller’s Knowledge, could lead to material proceedings, arbitration, mediations or investigations against the Company (or any of its directors and/or officers acting in their official capacity),
whether civil, criminal, regulatory, or administrative in nature (the “Legal Proceedings”). The list in Schedule 2.19(a) sets forth the total alleged liability of the Company for each of the listed
Legal Proceedings, together with a description of the nature of the Legal Proceedings and of the demands made by or against the third party. 
  

 12 

 (b) The Company is not now, nor to Seller’s Knowledge is it reasonably expected to become,
subject to any court, arbitral, or administrative order, injunction, decree, or decision the continued effect of which, or the default, violation or contempt of which could reasonably be expected to have an adverse effect on the operations or
financial condition of the Company. 
 2.20 Related Parties. Except for debts for accrued salaries, bonuses, vacation time or
expenses, the Company has no claims against, or debt to any Related Party and no Related Party has any claims against or owes money to the Company. Except as listed in Schedule 2.20, the Company has entered into no Contract, transaction or business
dealing with any Related Party which is still in force. 
 2.21 Bankruptcy. The Company has never been subject to any bankruptcy,
dissolution, liquidation, temporary stay of proceedings or similar procedure and has never been insolvent or incapable of paying its debts, and to Seller’s Knowledge, no such proceedings are threatened by any third party in connection with any
such procedure. No receiver has been appointed to administer all or parts of the assets of the Company and, to the Seller’s Knowledge, no proceedings are threatened in connection with any such appointment. 
 2.22 Certain Payments. None of the Company, nor any director, officer, employee, agent or other representative thereof, acting in his capacity of
representative and on behalf of the Company, has made, directly or indirectly, any payment or promise to pay, or gift or promise to give, or authorized such a promise or gift, of any money or other tangible or intangible item of value, to
(i) any foreign official (as such term is defined under the Foreign Corrupt Practices Act of 1977) for the purpose of influencing any such official or inducing him/her to use his/her influence to affect any act or decision of any authority, or
(ii) any foreign political party or official thereof or candidate for foreign political office for the purpose of influencing any official act or decision of such party, official or candidate, or inducing such party, official or candidate to
use his/her/its influence to affect any act or decision of any authority, in each case in order to assist the Company to obtain or retain business for, or direct business to, the Company. 
 2.23 Brokers. The Company has incurred no liability towards, and is not bound to make any payment to, any broker, agent, investment banker, finder
or other intermediary in connection with the transactions contemplated herein. 
 2.24 Disclosure. The Company has provided the
Purchaser with all the information that the Purchaser has requested for deciding whether to purchase the Quotas, and all information that the Company believes is reasonably necessary to enable the Purchaser to make such decision. 
 2.25 No User Data Transfer. Since May 18, 2001, Seller has not transferred, assigned or transmitted any confidential personal data relating
to the registered users of the Company. 
  

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 SECTION 3. REPRESENTATIONS AND WARRANTIES
OF PURCHASER 
 Purchaser represents and warrants, to and for the benefit of Seller, as of
the date of this Agreement, as follows: 
 3.1 Organization and Standing; Authority; Binding Nature of Agreement. Purchaser is duly
incorporated, validly existing and in good standing under the laws of the State of Delaware. Purchaser has the absolute and unrestricted corporate right, power and authority to enter into and to perform its obligations under this Agreement; and the
execution, delivery and performance by Purchaser of this Agreement have been duly authorized by all necessary action on the part of Purchaser and no further action is required by Purchaser. This Agreement has been duly executed by Purchaser and,
when delivered in accordance with the terms hereof, and assuming the due authorization, execution and delivery by Purchaser, shall constitute the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its
terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (ii) as limited by general principles of equity that
restrict the availability of equitable remedies. Neither the execution and delivery by Purchaser of this Agreement, nor the performance by Purchaser of its obligations hereunder, require the consent or approval of, or filing with, any Person or any
authority. 
 3.2 No Conflicts. The execution, delivery or performance of this Agreement or any other agreement or transaction
contemplated herein, will not (i) result in a violation or breach of the terms, conditions or provisions of, or constitute a default under, the by-laws of the Purchaser or any material contract under which Purchaser is bound, or
(ii) violate any applicable Legal Requirements. 
 3.3 Compliance with Consumer Defense and Protection Code and Other Legal
Requirements. To the extent Purchaser has accessed, used, copied, or transferred to any other Person data relating to any third party (including, without limitation, the registered users) which has been collected or held by the Company,
Purchaser has complied with, and has caused compliance with, all Legal Requirements applicable to such access, use, copy or transfer, including, without limitation, the Brazilian Consumer Defense and Protection Code (Law n. 8078/90), any Legal
Requirements relating to notification of consumers, registered users, owners or originators of data, or any other Person, and any Legal Requirements relating to the amendment, correction, rectification, deletion or other changes to such data upon
the request of the Person(s) to whom such data refers, relates or belongs, or from whom such data originated. 
 3.4 Access. Purchaser
has been given full access to the assets, books, records, contracts and employees of the Company, and have been given the opportunity to meet with officers and other representatives of Seller and the Company for the purpose of investigating and
obtaining information regarding the Company’s business, operations and legal affairs. 
 3.5 Other. Purchaser has the capacity to
comply with and perform all of its covenants and obligations under this Agreement. Purchaser is not subject to any order, judgment, injunction or ruling that may have an adverse effect on its ability to comply with or perform any of its covenants or
obligations under this Agreement. There is no legal proceeding pending, and no 

  

 14 

 
Person has threatened to commence any legal proceeding, that may have an adverse effect on the ability of Purchaser to comply with or perform any of its
covenants or obligations under this Agreement. No event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such legal
proceeding. 
 SECTION 4. INDEMNIFICATION 
 4.1 Indemnification by Seller. 
 (a) In addition to all rights and remedies available to Purchaser at Law or in equity, Seller shall indemnify Purchaser and its Affiliates, stockholders, officers, directors, employees, agents, representatives, successors and
permitted assigns, heirs and estates (collectively, the “Indemnified Purchaser Parties”) and save and hold each of them harmless against and pay on behalf of or reimburse such party
as and when incurred for any loss, Liability, demand, claim, action, cause of action, cost, damage, deficiency, Tax, penalty, fine or expense, whether or not arising out of any claims by or on behalf of any third party, including interest,
penalties, reasonable attorneys’ fees and expenses and ail reasonable amounts paid in investigation, defense or settlement of any of the foregoing (collectively, “Losses”) which
any such Indemnified Purchaser Party may suffer, sustain or become subject to, as a result of, in connection with, relating or incidental to or by virtue of: 
 (i) any misrepresentation or breach of a representation or warranty (provided that such misrepresentation or breach must be material in the event that the applicable representation or warranty is not
qualified by materiality) on the part of Seller under this Agreement or any of the Exhibits or Schedules hereto; 
 (ii) any
nonfulfillment or breach of any covenant or agreement (provided that such nonfulfillment or breach must be material in the event that the applicable covenant or agreement is not qualified by materiality or a basket) on the part of Seller
under this Agreement; or 
 (iii) any liabilities of the Company which are not disclosed to Purchaser in this Agreement or in the
Exhibits and Schedules hereto, whether or not such non-disclosure constitutes a misrepresentation or breach of a representation, warranty, covenant or agreement on the part of Seller under this Agreement or any of the Exhibits and Schedules hereto,
provided that such Losses relate to the period prior to the Closing Date and are actually incurred and notified to Seller pursuant to Section 4.6 during the one-year period commencing on the Closing Date. 
 (b) In addition to the foregoing, Seller shall indemnify the Indemnified Purchaser Parties against Losses in excess of $500,000 in the aggregate,
which (i) are incurred by the Indemnified Purchaser Party as a direct result of liabilities of the Company which are disclosed to Purchaser in this Agreement or in the Exhibits and Schedules attached hereto (including, without limitation,
Losses relating to the termination of current employees of the Company (who with their respective estimated termination indemnity amounts are referenced in Schedule 2.12(e)) and the litigation matter identified in Schedule 2.19(a) (the “Lokau
Litigation”)); 

  

 15 

 
(ii) relate to the period prior to the Closing Date (provided that all matters expressly disclosed in this Agreement or the Exhibits and Schedules are
deemed to relate to the period prior to the Closing Date); and (iii) are actually incurred during the one-year period commencing on the Closing Date (provided that any Losses relating to the Lokau Litigation will be deemed to have been incurred
during the one-year period commencing on the Closing Date). Notwithstanding the foregoing, this Section 4.1(b) shall not apply to (i) any fixed commercial obligations of the Company to perform pursuant to executory Contracts entered into
in the ordinary course of business on commercially reasonable terms, consistent with past practices, and not in default on the Closing Date (each an “Executory Contract”), provided, however, that a certain agreement with Globo Servicos
Interactivos Ltda., dated March 22, 2000, and an amendment thereto, dated September 15, 2000 (collectively, the “Globo Contract”), will not be considered an Executory Contract for the purposes of this Section 4.1(b); and
(ii) any Liabilities incurred by the Company or Purchaser in the termination of any of the Contracts (excluding the Globo Contract) entered into, prior to the Closing Date, in the ordinary course of business on commercially-reasonable terms.

 4.2 Indemnification by Purchaser. In addition to all rights and remedies available to Seller at Law or in equity. Purchaser
shall indemnify Seller and its Affiliates, stockholders, officers, directors, employees, agents, representatives, successors and permitted assigns, heirs and estates (collectively, the “Indemnified Seller
Parties”) and save and hold each of them harmless against and pay on behalf of or reimburse such Indemnified Seller Party as and when incurred for any Losses which any such party may suffer, sustain or become
subject to, as a result of, in connection with, relating or incidental to or by virtue of: 
 (i) any misrepresentation or breach of a
representation or warranty (provided that such misrepresentation or breach must be material in the event that the applicable representation or warranty is not qualified by materiality) on the part of Purchaser under this Agreement or any of
the Exhibits or Schedules hereto; or 
 (ii) any nonfulfillment or breach of any covenant or agreement (provided that such
nonfulfillment or breach must be material in the event that the applicable covenant or agreement is not qualified by materiality or a basket) on the part of Purchaser under this Agreement. 
 4.3 Survival. All indemnification rights hereunder shall survive the execution and delivery of the Documents and the consummation of the
transactions contemplated herein and therein indefinitely, regardless of any investigation, inquiry or examination made for or on behalf of, or any knowledge of the indemnified parties or the acceptance by such indemnified parties of any certificate
or opinion; provided that no action may be brought pursuant to this Section 4 after the applicable expiration or termination of such representation, warranty, agreement, or covenant, as provided in Section 4.11. 
 4.4 Contribution. If for any reason the indemnity provided for in this Section 4 is unavailable to any Indemnified Purchaser Party or
Indemnified Seller Party, as applicable, or is insufficient to hold each such party harmless from all such Losses arising with respect to the transactions contemplated by the Documents, then the indemnifying party and the indemnified party shall
each contribute to the amount paid or payable in respect of such Loss in such proportion as is appropriate to reflect not only the 

  

 16 

 
relative benefits received by the indemnifying party on the one hand and such indemnified party on the other but also the relative fault of the indemnifying
party and the indemnified party as well as any relevant equitable considerations. In addition, the indemnifying party agrees to reimburse any indemnified party upon demand for all reasonable expenses (including legal counsel fees) incurred by such
party or any such other Person in connection with investigating, preparing or defending any such action or claim. The indemnity, contribution and expense reimbursement obligations that the indemnifying party has under this Section 4 shall be in
addition to any Liability that the indemnifying party may otherwise have. 
 4.5 Applicability and Payment. The indemnifying party
further agrees that the indemnification and reimbursement commitments set forth in this Agreement shall apply whether or not the indemnified party is a formal party to any such lawsuits, claims or other proceedings. Any indemnification of the
indemnified party by the indemnifying party pursuant to this Section 4 shall be effected within 15 days after the determination thereof by wire transfer of immediately available funds from the indemnifying party to an account designated in
writing by the indemnified party. 
 4.6 Notice. Whenever any claim shall arise for indemnification hereunder, the indemnified party
shall promptly notify the indemnifying party of the claim and, when known, the facts constituting the basis for such claim. In the event of any claim for indemnification hereunder resulting from or in connection with any claim or legal proceedings
by a third party, the notice to the indemnifying party shall specify, if known, the amount or an estimate of the amount of the Liability arising therefrom. 
 4.7 Settlement of Claims. The indemnified party shall not settle or compromise any claim by a third party for which it is entitled to indemnification hereunder, without the prior written consent of the
indemnifying party, unless suit shall have been instituted against it and the indemnifying party shall not have taken control of such suit (as described below) after notification thereof. Notwithstanding the foregoing, without Seller’s prior
written consent, which consent shall not be unreasonably withheld, Purchaser shall not satisfy or settle (i) any single Matter in excess of Twenty Five Thousand Dollars ($25,000) for which indemnification is sought hereunder; (ii) Matters
for which indemnification is sought pursuant to Section 4.1(a), which in the aggregate exceed Fifty Thousand Dollars (S50,000); and (iii) Matters for which indemnification is sought pursuant to Section 4.1(b), which in the aggregate
exceed Five Hundred Thousand Dollars ($500,000). 
 4.8 Defense of Claims. In connection with any claim giving rise to indemnity
hereunder resulting from or arising out of any claim or legal proceedings by a Person who is not a party to this Agreement, the indemnifying party, at its sole cost and expense, may, upon written notice to the indemnified party, assume the defense
of any such claim or legal proceedings if it acknowledges to the indemnified party in writing its obligation to indemnify the indemnified party with respect to all elements of such claim for which indemnity is due hereunder. The indemnified party
shall be entitled to participate in (but not control) the defense of any such action, with its counsel and at its own expense. If the indemnifying party does not assume the defense of any such claim or litigation resulting therefrom, the indemnified
party may defend against such claim or litigation, in such manner as it may deem appropriate, at the expense and cost of the indemnifying party, including settling such claim or litigation after giving notice of the same to the 

  

 17 

 
indemnifying party, on such terms as the indemnified party may deem appropriate after consultation with, and giving due consideration to the view of, the
indemnifying party of such terms, and the indemnifying party shall be entitled to participate in (but not control) the defense of such action, with its counsel and at its own expense. 
 4.9 Reports of Satisfaction or Settlement of Claims. Purchaser shall report in writing to Seller within ten days of the end of each month the
satisfaction or settlement of any Matters for which indemnification could be sought hereunder, regardless of whether Seller’s consent to such satisfaction or settlement is required pursuant to this Section 4. 
 4.10 Limitations on Indemnification. 
 (a) Limitations on Purchaser’s Right to Indemnification. From and after the Closing, the Indemnified Purchaser Parties shall not have the right to be indemnified pursuant to Section 4.1 (a) unless and until the
Indemnified Purchaser Parties shall, collectively, have incurred on a cumulative basis since the Closing aggregate Losses otherwise entitled to indemnification hereunder in an amount exceeding $50,000, and Seller shall only be required to pay, and
shall only be liable for, the amount by which the cumulative amount of the aggregate Losses actually incurred by the Indemnified Purchaser Parties entitled to indemnification hereunder exceeds such amount. The sum of all Losses pursuant to which
indemnification is payable by Seller pursuant to Section 4.1 shall not exceed $7,500,000 in the aggregate; provided that Seller shall not be obligated under this Agreement to indemnify and save and hold harmless against any Losses which
any Indemnified Purchaser Party may suffer, sustain or become subject to, as a result of, in connection with, relating or incidental to or by virtue of the decisions made or actions taken by Purchaser in its exercise of control and management of the
business operations and affairs of the Company after the Closing. 
 (b) Limitations on Seller’s Right to Indemnification. From
and after the Closing, the Indemnified Seller Parties shall not have the right to be indemnified pursuant to Section 4.2 unless and until the Indemnified Seller Parties shall, collectively, have incurred on a cumulative basis since the Closing
aggregate Losses otherwise entitled to indemnification hereunder in an amount exceeding $50,000, in which event the Indemnified Seller Parties shall be entitled to indemnification for all Losses incurred by the Indemnified Seller Parties (including
the initial $50,000). 
 4.11 Expiration of Representations, Warranties and Covenants. 
 (a) All representations and warranties hereunder shall survive the Closing for a period of one (1) year thereafter. All agreements and
covenants contained herein shall survive indefinitely until, by their respective terms, they are no longer operative. 
 (b) For a
period of six (6) months following the first twelve (12) months after the Closing Date, the parties will cooperate in good faith to settle any unresolved specific indemnification claim set forth in a Claim Notice duly delivered in
accordance with Section 4.6. Notwithstanding the foregoing, Seller acknowledges that it will continue to be obligated after such six-month period to settle any unresolved indemnification claim set forth in a Claim Notice duly delivered in
accordance with Section 4.6. 
  

 18 

 4.12 Julien Turri. Seller shall be solely responsible for any severance payment to and the
settlement of any demand or claim made by Julien Pierre Turri arising out of or in connection with his employment relation with, and his acting for, the Company in Brazil at any time prior to the Closing Date. Seller shall indemnify and hold
harmless the Indemnified Purchaser Parties from and against any Losses arising out of any labor claim or demand initiated by Julien Pierre Turri in Brazil during the period of two (2) years following the Closing Date and relating to the period
prior to the Closing Date. The Indemnified Purchaser Parties shall cooperate with Seller in the defense and/or settlement of any labor claim or demand initiated by Julien Pierre Turri and agree to make available the time and assistance of the
Company’s officers and employees and provide access to all pertinent documents, books and records that Seller reasonably deems necessary or appropriate. Only Sections 4.6, 4.7 and 4.8 of this Section 4 shall be applicable to the provisions
in this Section 4.12. 
 SECTION 5. MISCELLANEOUS PROVISIONS 
 5.1 Currency. Unless otherwise stated, all currency amounts stated in this Agreement and in any attached Schedules and Exhibits are stated in
United States Dollars. 
 5.2 Compliance with Laws. Each Party hereto shall execute such agreements and other documents, and shall
take such other actions, as the other may reasonably request (prior to, at or after the Closing) for the purpose of ensuring that the transactions contemplated by this Agreement are carried out in full compliance with the provisions of all
applicable laws and regulations. 
 5.3 Further Assurances. Each party hereto shall execute and/or cause to be delivered to each other
party hereto such instruments and other documents, and shall take such other actions, as such other party may reasonably request (prior to, at or after the Closing) for the purpose of carrying out or evidencing any of the transactions set forth
herein. 
 5.4 Notices. Any notice or other communication required or permitted to be delivered to any party under this Agreement
shall be in writing and shall be deemed properly delivered, given and received when delivered (by hand, by registered mail, by courier or express delivery service or by facsimile) to the address or facsimile number set forth beneath the name of such
party below (or to such other address or facsimile number as such party shall have specified in a written notice given to the other parties hereto): 
 if to Seller: 
 eBay Inc. 
 2145 Hamilton Avenue 
 San Jose, California 95125 
 Attention: General Counsel 
 Facsimile:
(408) 558-7514 
  

 19 

 and a copy to: 
 Cooley Godward LLP 
 Five Palo Alto Square 
 3000 El Camino Real 
 Palo Alto, CA 94306

 Attention: Michael J. Sullivan, Esq. 
 Facsimile: (415) 951-3699 
 if to Purchaser: 
 MercadoLibre, Inc. 
 Thames 121,2° Piso 
 San Isidro, B1609JUC 
 Acassuso 1609,
ARGENTINA 
 Facsimile: +54 (114) 735 8099 
 Attention:  Chief Executive Officer 
 with a copy to: 
 Hunton & Williams 
 1111 Brickell
Avenue, Suite 2500 
 Miami, FL 33131 
 Attention: Roberto Pupo, Esq. 
 Facsimile: (305) 810-2460 
 5.5 Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute an original and all of which, when taken
together, shall constitute one agreement. 
 5.6 Governing Law; Venue. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE, OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER
THAN THE STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT
OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. ANY DISPUTE BETWEEN THE PARTIES CONNECTED WITH THIS AGREEMENT SHALL BE SUBMITTED TO THE SOLE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE, COUNTY OF NEW
CASTLE, OR, IF IT HAS OR CAN ACQUIRE JURISDICTION, IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE. EACH OF THE PARTIES CONSENTS TO THE JURISDICTION OF SUCH COURTS (AND OF THE APPROPRIATE APPELLATE COURTS) IN ANY SUCH ACTION OR
PROCEEDING AND 

  

 20 

 
WAIVES ANY OBJECTION TO VENUE LAID THEREIN. PROCESS IN ANY ACTION OR PROCEEDING REFERRED TO IN THE PRECEDING SENTENCE MAY BE SERVED ON ANY PARTY ANYWHERE IN
THE WORLD. 
 5.7 Consultation. Any matter not stipulated in this Agreement or any doubt occurring in connection with any provisions
of this Agreement shall be settled through consultation from time to time between the parties in good faith. 
 5.8 Severability. In
the event that any provision of this Agreement, or the application of any such provision to any Person or set of circumstances, shall be determined to be invalid, unlawful, void or unenforceable to any extent, the remainder of this Agreement, and
the application of such provision to Persons or circumstances other than those as to which it is determined to be invalid, unlawful, void or unenforceable, shall not be impaired or otherwise affected and shall continue to be valid and enforceable to
the fullest extent permitted by law. 
 5.9 Amendments. This Agreement may not be amended, modified, altered or supplemented other
than by means of a written instrument duly executed and delivered on behalf of Purchaser and Seller. 
 5.10 Confidentiality of Terms.
Neither party, without the prior written approval of the other, issue any press release, advertising, publicity or public statement or in any way engage in any other form of public disclosure that indicates the existence of or terms of this
Agreement or the relationship of the parties hereto; provided, that either party may disclose the terms and existence of this Agreement if required to do so by applicable law based upon advice of its outside legal counsel reasonably concurred
with by legal counsel to the other. 
 5.11 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto
relating to the subject matter thereof and supersede all prior agreements and understandings among or between any of the parties relating to the subject matter thereof. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 21 

 The parties hereto have caused this Agreement to be executed and delivered as of the date first above
written. 
  

									
	PURCHASER:	 		 	SELLER:
			
	MERCADOLIBRE, INC.	 		 	EBAY INC.
			
	a Delaware corporation	 		 	a Delaware corporation
					
	By:	 	 /s/ Marcos Galperin
	 		 	By:	 	  

	Name:	 	Marcos Galperin	 		 	Name:	 	
	Title:	 	CEO	 		 	Title:	 	
			
	MARCOS EDUARDO GALPERIN	 		 	MATTHEW BANNICK
			
	 /s/ Marcos Galperin
	 		 	  

  

 Signature Page—Quota Purchase Agreement 

 The parties hereto have caused this Agreement to be executed and delivered as of the date first above
written. 
  

									
	PURCHASER:	 		 	SELLER:
			
	MERCADOLIBRE, INC.	 		 	EBAY INC.
			
	a Delaware corporation	 		 	a Delaware corporation
					
	By:	 	  
	 		 	By:	 	 /s/ Matthew J. Bannick

	Name:	 		 		 	Name:	 	Matthew J. Bannick
	Title:	 		 		 	Title:	 	SuPo GM, International
			
	MARCOS EDUARDO GALPERIN	 		 	MATTHEW BANNICK
			
	  
	 		 	 /s/ Matthew Bannick

  

 Signature Page—Quota Purchase Agreement 

 Exhibit A 
 Certain Definitions 
 For purposes of this Agreement, the following terms have the meanings set forth
below: 
 Affiliate means, with respect to any Person (a) any director, officer or stockholder holding 5% or more of the capital
stock (on a fully diluted basis) of such Person, (b) any spouse, parent, sibling or descendant of such Person (or a spouse, parent, sibling or descendant of any director or officer of such Person) and (c) any other Person that, directly or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person. The term “control” includes, without limitation, the possession, directly
or indirectly, of the power to direct the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise 
 Amended Articles has the meaning set forth in Section 1.4(b). 
 Closing has the meaning
set forth in Section 1.3. 
 Closing Date has the meaning set forth in Section 1.3. 
 Company has the meaning set forth in the first Recital to this Agreement. 
 Contracts has the meaning set forth in Section 2.7(a). 
 Documents means (a) this Agreement, (b) the Second Amended and Restated Registration Rights Agreement between Purchaser and the Investors (as named therein) dated as of September 24,
2001, (c) the Second Amended and Restated Stockholders’ Agreement between Purchaser and the Stockholders (as defined therein) dated as of September 24, 2001, (d) the Securities Purchase Agreement, (e) the
Strategic Alliance Agreement between Purchaser and Seller dated as of September 24, 2001, and (f) the Third Amended and Restated Certificate of Incorporation of Purchaser filed as of September 24, 2001. 
 Encumbrance means any charge, claim, community property interest, condition, equitable interest, lien, option, pledge, security interest, right of
first refusal or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership. 
 Entity means any company, corporation, association, general partnership, limited partnership, venture, trust, association, firm, organization, company, business, union, society, or other legal person.

 Financial Statements has the meaning set forth in Section 2.4. 
  

 Signature Page—Quota Purchase Agreement 

 Governmental Entity means any legislature, court, administrative agency or commission or other
governmental authority or instrumentality, domestic or foreign, federal, state or local. 
 Intellectual Property Rights means
(i) inventions patentable, and all improvements thereto; (ii) patents and patent applications; (iii) trade secrets; (iv) trademarks, trade names, copyrights and domain names in each case registered; (v) software;
(vi) data bases; and (vii) industrial designs; (viii) other intellectual property; including all copies and tangible embodiments of the information described in clauses (i)-(viii) above, owned or used by the Company. 

Knowledge means the actual knowledge of the Person referred to, and if such Person is an Entity, of that Entity’s directors and executive
officers. 
 Law means any constitution, law, statute, treaty, rule, directive, requirement or regulation or Order, domestic or
foreign, of any Governmental Entity. 
 Legal Requirements means any and all Laws or Permits applicable to the relevant involved
company. 
 Liability means any liability or obligation, whether known or unknown, asserted or unasserted, absolute or contingent,
accrued or unaccrued, liquidated or unliquidated and whether due or to become due, regardless of when asserted. 
 Licensed Intellectual
Property means Intellectual Property Rights that are held by the Company under a license granted by a third party. 
 Losses has
the meaning set forth in Section 4.1 (a). 
 Matter means any claim, demand, dispute, action, suit, examination, audit,
proceeding, investigation, inquiry or other similar matter. 
 Orders means judgments, writs, decrees, injunctions, orders, compliance
agreements or settlement agreements of or with any Governmental Entity or arbitrator. 
 Owned Intellectual Property means
Intellectual Property Rights that are owned by the Company. 
 Permits means any and all permits, authorizations, approvals,
registrations, waivers, variances, concessions and licenses granted by a governmental authority (excluding when it relates to intellectual property). 
 Person shall be construed broadly and shall include an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated
organization, or a Governmental Entity (or any department, agency, or political subdivision thereof), in each case whether domestic or foreign. 
 Quotas has the meaning set forth in the first Recital to this Agreement. 
  

 Signature Page—Quota Purchase Agreement 

 Related Party means (i) any entity directly or indirectly controlling, controlled by, or
under common control with Seller (including, without limitation, iBazar S.A.), (ii) Seller, (iii) any director, officer, senior employee of the entities mentioned in (i) and (ii), and (iv) any entity in which any of the Persons
named in (i), (ii) and (iii) has a direct or indirect interest. 
 Securities Purchase Agreement has the meaning set forth
in Section 1.2. 
 Tax and Taxes means any taxes and social contributions, of any nature imposed, assessed, or collected
under any law or payable pursuant to any tax sharing or similar contract, including, without limitation, (i) all income, value-added, registration, transfer, excise, real or personal property, capital, withholding, stamp, sales taxes, state
taxes, local taxes, and other employment related taxes concerning the employees of the Company, or any other taxes or charges in the nature of the taxes described above, and any assessments, duties, fees, or other governmental charges (including
interest and penalties associated therewith), (ii) employment contributions and social security contributions, (iii) any liability for the payment of any amounts of the type described in clause (i) above arising as a result of being a
member (or ceasing to be a member) of ally corporate group, or being included (or required to be included) in any tax return relating thereto, (iv) any liability for the payment of any amounts of the type described in clauses (i) and
(ii) above as a result of any obligation to indemnify or otherwise assume or succeed to the liability of any third party, and (v) any penalties, fines, charges, surcharges and interest in connection with the items mentioned under
(i) through (iv). 
  

 Signature Page—Quota Purchase Agreement 

 SCHEDULES 
  The following schedules have been omitted from this filing and will be provided upon request of the commission: 
  2.1 Organization and Standing; No Subsidiaries. 
   2.2 Capitalization, Etc.

   2.3 Authority; Corporate Records; Binding Nature of Agreement; No Consents; No Violation 
   2.4 Financial Statements 
   2.5 Bank Accounts. 
   2.6 Taxes. 
   2.7 Contracts 
   2.8
Assets 
   2.9 Permits. 
   2.10 Compliance with Legal Requirements 
   2.11 Insurance. 
   2.12 Employee Matters. 
   2.13 Intellectual Property Rights 
   2.14 Real Property 
   2.15 Personal Property 
   2.16 Environmental Matters 
   2.17 Computer Systems 
   2.18 Absence of Material Changes 
   2.19 Legal Proceedings 
   2.20 Related Parties. 
   2.21 Bankruptcy. 
   2.22
Certain Payments 
   2.23 Brokers 
   2.24 Disclosure 
   2.25 No User Data Transfer 
    

 1

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