Document:

Exhibit 10.07

 

CERTAIN
INFORMATION IN THIS EXHIBIT, MARKED BY [****], HAS BEEN EXCLUDED. SUCH EXCLUDED INFORMATION IS NOT MATERIAL AND IS THE TYPE
THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

 

CERTAIN PERSONAL INFORMATION IN THIS
EXHIBIT, MARKED BY [XXXXX] HAS BEEN EXCLUDED.

 

SERVICE PROVISION AGREEMENT

 

I. ZENVIA MOBILE SERVICOS DIGITAIS
SA, headquartered at Avenida Dr. Nilo Peçanha, No. 2.900 - 14th floor, Bairro Chácara das Pedras,
city of Porto Alegre, State of Rio Grande do Sul CEP: 9130-001, registered under the CNPJ / MF No. 14.096.190 / 0001-05, in
this act represented in the form of its Bylaws, hereinafter referred to as "CONTRACTING PARTY"; and,

 

on the other hand,

 

II. TIM SA, headquartered
at Avenida João Cabral de Mello Neto, 850, block 01, room 1212, Barra da Tijuca, in the City of Rio de Janeiro, State of
Rio de Janeiro, registered under the CNPJ / MF No. 02.421.421 / 0001-11, hereby represented in the form of its Bylaws, hereinafter
referred to as “TIM”.

 

CONTRACTING PARTY and
TIM jointly referred to as “Parties” and individually referred to as “Party”.

 

CONSIDERING THAT:

 

i. TIM is the company that provides Personal Mobile Service
(PMS) and that has specific network technology and computer systems for sending and receiving Short Text Messages (“SMS”);

 

ii The CONTRACTING PARTY is interested in providing services
to its respective Direct Clients, providing informational material, by sending SMS, using, for that purpose, TIM's communication
service platform. The SMS A2P is a form of communication where the SMS is sent or terminated from an application, and not
between cell phones; as in the case of SMS P2P.

 

THE PARTIES decide to enter into this Agreement for the Provision
of Services (“Agreement”), which will be governed by the following clauses:

 

FIRST CLAUSE: DEFINITIONS

 

1.1 As used in this Agreement, the following terms have the
meaning indicated below. The other terms referred to in capital letters and not defined herein will have the meanings assigned
in the body of this Agreement:

 

	a)	Application: is the CONTRACTING PARTY's property system, described in Annex I (INFOTIM Service Request
Form) of this Agreement, which will be connected to TIM 's communication network for the execution of this Agreement;

 

	b)	Provision Area: is the geographic area in which
TIM holds authorization to operate the PMS;

   

	c)	PMS TIM client (s): natural and / or legal users of TIM 's SMP and who have Mobile Stats able to send and / or
receive SMS;

 

    (1 / 16)

     

    

 

	d)	CONTRACTING PARTY: Legal entity that will hire TIM services, object of this Agreement, according to the information
contained in the INFOTIM Service Request Form - Annex I.

 

	e)	Direct Client(s): legal person who will hire the services of the CONTRACTING PARTY, as provided in this Agreement and
in accordance with the information contained in the INFOTIM Service Request Form - Annex I.

 

	f)	Mobile Station: means the cell phone already enabled;

 

	g)	Confidential Information: (i) information
regarding each Party's business, including, but not limited to, each Party's product plans, list and number of customers, access
codes and other customer information, business model and values agreed in this Agreement and in any additive terms, designs, personnel,
research, development or technical knowledge, product performance indicators; (ii) any information identified by either Party
as “confidential”;

  

	h)	Large Account: number provided by TIM
to the CONTRACTING PARTY, through which the user sending and / or receiving the SMS can identify the CONTRACTING
PARTY.  This same number will also allow TIM to identify the CONTRACTING PARTY;

 

	i)	Dedicated Link: it is a private link between two different points that allows the transmission of data between TIM
and the CONTRACTING PARTY's "Datacenter";

 

	j)	Short Text Messages or SMS: they are text messages of up to 160 (one hundred and sixty) characters, transported through
a network of communication services, which are originated or destined to a specific Mobile Station;

 

	k)	SMS P2P messages: SMS messages sent from one person
to another person;

 

	I)	SMS A2P messages: SMS messages sent by an application
to a person;

 

	m)	SMS Binary messages - messages that  allow the sending of various types of content, such as transferring ringtones,
configurations of the telephone system and WAP-Push via text messages;

 

	n)	Mobile Marketing - Marketing actions through the sending of messages (SMS), to users who are not from the CONTRACTING
PARTY and / or Direct Client base. Such actions can only be performed for Users with the opt in of the CONTRACTING PARTY
and / or the Direct Client.

 

	o)	Fraudulent SMS messages: sending SMS which were unsolicited or unauthorized by the user or that may contain information
or links that may harm the user in any way, be they Span, Spoofing, Phishing or any other category of SMS that may be developed;

 

	p)	Users: individuals and / or legal entities using the Personal Mobile Service (PMS), who have a direct commercial relationship
with the CONTRACTING PARTY and / or with the Direct Client and who have given the opt in to receive A2P SMS;

 

	q)	VPN (Virtual Private Networking): is the virtual tunnel built through the Internet Network, connecting the GPRS
Data Network to the CONTRACTING PARTY's "Datacenter";

 

    (2 / 16)

     

    

 

SECOND CLAUSE: OBJECT

 

2.1 The purpose of this Agreement is the provision of services
by TIM to the CONTRACTING PARTY, consisting of:

 

a) Sending and receiving SMS A2P, only and exclusively for the
purposes defined in item 2.2 of the Agreement, between CONTRACTING PARTY, Direct Customers and Users.

 

b) Sending and receiving SMS A2P, carried out for national and
/ or international companies inside and / or outside the national territory, as the case may be. The CONTRACTING PARTY is
allowed to provide services, on an unlimited basis, to national and international companies, according to the conditions provided
for in this instrument.

 

c) InfoTIM Technical Management, by (I) making available
its PMS network structure and TIM's communication systems, to which the CONTRACTING PARTY must connect its
Application, according to the information contained in the INFOTIM Service Request Form, described in Annex I of the Agreement,
(II) programming of the technical parameters of message flow (TPS - transactions per second), according to the volume expected
by the CONTRACTING PARTY, (III) programming of the technical parameters of SMS forwarding

 

2.1.1 The provision of the service, by InfoTIM Technical Management,
mentioned in item (b) above, will be performed at TIM's technical facilities.

 

2.2 The Text Messages to be sent have as only and exclusive
purpose the sending of SMS that is characterized as "SMS A2P", and may contain the following type of information:

 

	a)	financial information (balances, statements, debit and credit card usage alerts, investment positions or any other transactions
relating to the commercial relationship between the end customer and the financial institution providing the information);

 

	b)	information of different content, applicable to the communication of the Direct Client to its collaborators, partners, suppliers,
among others;

 

	c)	monitoring information, applicable to the transport sector,
to control of vehicle location;

 

	d)	telemetry information, applicable to the control and
use of industry alarms and public services;

 

	e)	access information and personal data, for public utility
services, among others;

 

	f)	inventory information, order control, sales control,
among others, applicable to sales force automation;

 

	g)	information regarding the commercial relationship between the User and the CONTRACTING PARTY or the Direct Client, provider
of the information;

 

	h)	authentication information or application maintenance.

 

	i)	advertising material of the CONTRACTING PARTY to PMS TIM Customers by means of the lease of virtual space through telecommunication
services for sending SMS, provided by TIM through this Agreement. TIM will, in this case, make the CONTRACTING
PARTY 's content directly available to PMS TIM Customers.

 

2.2.1 Any other purposes other than those mentioned above are
strictly prohibited.

 

2.3 Depending on the CONTRACTING PARTY's Application,
SMSs may be sent from the CONTRACTING PARTY to its Direct Customers and from Direct Customers to CONTRACTING PARTY
(“two way”), or only from the CONTRACTING PARTY to its Direct Customers or Direct Customers to CONTRACTING
PARTY (“one way”). SMSs may also be sent by the CONTRACTING PARTY on behalf of its Direct Customers.

 

2.4 In order for SMSs to be sent in any of the circumstances
of Clause 2.2, they must follow the standards established by TIM, as described in the Annexes.

 

    (3 / 16)

     

    

 

2.5 The following annexes (“Annexes”) are part of
this Agreement for the purposes of law:

 

Annex I - INFOTIM Service Request Form

Annex II - INFOTIM Operations Manual

Annex III - INFOTIM Commercial Table

 

THIRD CLAUSE: TERM

 

3.1 This Agreement will remain in force for a period of 12 (twelve)
months retroactively from June 14, 2020.

 

3.2 At the sole discretion of the Parties, after the end of
the above period, the term of the Agreement may be extended by signing an Addendum.

 

CLAUSE FOUR: TIM'S OBLIGATIONS

 

4.1 The following are TIM's obligations:

 

4.1.1 Make its communication network available, only and exclusively
to enable the sending of SMS between the CONTRACTING PARTY, its Direct Clients and Users and / or vice versa, when the “
two way” application for the purposes of executing the object of this Agreement is used.

 

4.1.2 Make its communication network available for the CONTRACTING
PARTY to connect the Application through Dedicated Link or VPN, at the option of the CONTRACTING PARTY which will bear
the development, installation, cost and management of the means necessary to connect its network or server infrastructure to TIM
network, as well as the configuration of its equipment.

 

4.1.3 Install firewalls and security devices on its network
to detect and block possible SMS A2P Messages that are not in accordance with this Agreement or that can be categorized as Fraudulent
SMS messages or SMS Messages that are not object of this Agreement.

 

4.1.4 Provide the CONTRACTING PARTY with technical assistance,
24 (twenty four) hours per day, 07 (seven) days a week. The technical service may be activated by the CONTRACTING PARTY via
phone or email, according to the information indicated below and specifications in Annex I.

 

[XXXXX]

Phone: [XXXXX]

e-mail: [XXXXX]

 

4.2 TIM is not responsible for failure to receive SMS
due to the occurrence of any fact or situation that prevents such activity, such as, but not limited to: absence or degradation
of coverage, permanent or temporary, due to equipment failure, failure of power or transmission, or due to blocking of the mobile
service, on the condition of inactive, suspension at the request of the SMP TIM Customer (not originating or receiving calls),
recipient with mobile equipment disconnected or recipient outside TIM coverage area or any other technical impossibility.

 

4.2.1 Any failure to receive SMS by PMS TIM Customers or the
Direct Customer, for any reason that is not a proven failure of TIM communication network, will not result in any
liability for losses and damages to TIM in connection with activity (ies) not completed or not performed due to failure
to receive SMS, and will not exempt them from paying for the SMS sent.

 

    (4 / 16)

     

    

 

4.3 The Service subject to this Agreement may be temporarily
interrupted in the following situations:

 

a) scheduled stops for preventive or corrective maintenance,
when the CONTRACTING PARTY will be notified at least 48 (forty-eight) hours in advance, by email;

 

b) emergency maintenance or repairs (not scheduled)
of the system, the telecommunications network and / or the electrical network; and

 

c) fortuitous cases and major force, including, but
not limited to, theft of physical parts of the network, strike by employees, strike by third parties contracted to maintain the
network, fire and nature events.

 

4.4 TIM is not responsible for the content, origin or
nature of the SMS sent, nor for its use thereof, being this exclusive responsibility of the CONTRACTING PARTY and the Direct
Customers.

 

4.5 TIM will not forward registration information of
PMS TIM Customers. The CONTRACTING PARTY is solely responsible for obtaining the registration of its Users, as well as their
consent for receiving the SMS subject to this contract. The information from the CONTRACTING PARTY, Direct Customers, PMS
TIM Customers and / or Users will only be forwarded in the event of a court order or in the event of a request from any public
administrative or regulatory body, under the terms of the law.

 

4.6 The
CONTRACTING PARTY hereby acknowledges and accepts that there is no guarantee that the recipient will actually receive the SMS,
nor of the deadline for its sending.

 

CLAUSE FIVE: CONTRACTING PARTY'S OBLIGATIONS

 

5.1 The CONTRACTING PARTY has the following obligations,
without prejudice to the other obligations provided for in this Agreement:

 

5.1.1 Obtain from PMS TIM Customers and Users, prior and express
authorization (OPT-IN) to send and receive Text Messages, object of this Agreement. It is obliged to keep a copy of the authorization
of PMS TIM Customers and Users, recipients of the SMS, fully exempting TIM from any responsibility, be it joint or subsidiary,
regarding the lack of authorization or fraud of any nature.

 

5.1.1.1 The CONTRACTING PARTY undertakes not to use the
Services, object of this Agreement for sending Fraudulent SMS or for sending SMS that are characterized as “SMS A2P”.
In this sense, SMSs can only be sent to recipients who have granted prior authorization. The CONTRACTING PARTY is liable
to them, to TIM and to third parties, in any way and at any time, even after the end of the term of this Agreement, for
not requesting express authorization.

 

5.1.1.2 Copies of the previous authorizations, filed by the
CONTRACTING PARTY, under the terms of Clause 5.1.1 above, shall be made available to TIM, if requested, respecting the maximum
term of 05 (five) Business Days from the request by TIM.

 

5.1.1.3 It is up to the CONTRACTING PARTY to offer a
solution to the recipient so that they can express, at any time and without any impediment, their intention to no longer receive
SMS. The sending of SMS to the recipient after they have expressed that they no longer wish to receive it constitutes non-compliance
with the obligations established in this Agreement, and, at TIM 's discretion, may also result in the possible unilateral
termination of this Agreement, upon prior notice.

 

5.1.1.4 If TIM is sued in court, in an administrative
forum of consumer protection agency or by the National Telecommunications Agency - ANATEL, for sending SMS within the scope of
this Agreement to PMS TIM Customers or Users who have not previously and expressly authorized they want to receive it, the
CONTRACTING PARTY shall exempt TIM from any liability, including pecuniary, assuming all expenses and related costs
for TIM 's defense and payment of fines, with TIM being entitled to reimbursement if it incurs any disbursement.

 

    (5 / 16)

     

    

 

5.1.2 Pay due remuneration to TIM, in the form and term
established in the Clause Nine of this Agreement.

 

5.1.3 Not send Text Message to Customers of PMS TIM, using the
infrastructure and / or computer systems of telecommunications service providers competing with the companies of the TIM Group.

 

5.1.4 Define the content of the SMSs to be sent, ensuring the
accuracy, correctness and veracity of the information sent and being responsible for the consequences arising therefrom, including
to third parties.

 

5.1.5 Prevent the sending of messages and content that:

 

	a)	Are false or give rise to doubtful interpretations, or offer content that is not those that the User and / or Direct Client
will hire, trying in some way to deceive them;

 

	b)	Invade the privacy of third parties or harm them in any
way;

 

	c)	Promote in some way racism against minority groups, or any other form of religious, political fanaticism or discrimination
against groups of people or ethnic groups;

 

	d)	Are obscene, such as pedophilia and other crimes of a
sexual nature;

 

	e)	Violate the rights of third parties, including, but not limited to copyright, and / or the creation and sending of unauthorized
messages;

 

	f)	Mention any type of advertising by providers of telecommunications
services;

 

	g)	Defend or condone drugs and drug trafficking, narcotics,
cigarettes, alcoholic beverages or illegal games;

 

		h)	Offend the law, morals or commercial ethics;

 

	i)	Are in any way prohibited or not recommended to a certain
age group, except if they are posted on an information channel in which they are disclosed differently;

 

	j)	Offer illegal and / or pirated content, infringing the
rights of authorship and property of third parties;

 

	k)	Are considered fraudulent SMS.

 

5.1.6 Be fully responsible for the content of the SMS texts
delivered, typed and / or created by it or by third parties, being responsible for their content in or out of court, exempting
TIM from any liability, joint or several, for any and all claims, complaints, representations and legal actions of any nature,
relating to the Services, including complaints from PMS TIM Users or Customers, in the event of disclosure of their information
that is of a confidential nature.

 

5.1.7 Take responsibility for faithful compliance with the laws,
and, so that messages that are mainly, defamatory, slanderous, fraudulent and / or affecting any legal device are not sent.

 

5.1.8 Keep TIM up to date and safe from any complaint
regarding the content of the SMS sent, defending TIM, whenever it requesteds, administratively or judicially, in any instance
or court, in the event that TIM is sued by any of PMS TIM Users or Customers due to SMS sent by instruction of the CONTRACTING
PARTY.

 

    (6 / 16)

     

    

 

5.1.9 Reimburse all amounts resulting from court decisions,
losses or damages of any nature that impact TIM, which have, as a result, mediate or immediate, the breach of obligations
of the CONTRACTING PARTY under this Agreement.

 

5.1.10 Be responsible for contracting the necessary means to
connect the Application to TIM's communication network.

 

5.1.11 Provide in writing the information and clarifications
that may be requested by TIM representatives, as long as it is necessary to achieve the contractual object.

 

5.1.12 Keep Users informed of the conditions of use and prices
of the service that constitute the object of this Agreement.

 

5.1.13 Give TIM previous information, according
to the Flow established in Annex II (INFOTIM Operational Manual) of this Agreement, of any interruption and / or failures
in the system, which makes the Service unavailable, even if momentarily. The system is understood here as the entire structure
for the provision of the service, and, in addition, it must indicate, in this act, the name of the person responsible for any clarifications
arising from any unavailability.

 

5.1.14 Take responsibility for notifying Users and Direct Customers
about the unavailability of the system.

 

5.1.15 Assume full responsibility for the security necessary
to prevent SMS interference in its systems. The Contracting Party acknowledges that it is its responsibility to take all precautions
to avoid any fraud, diversion or damage arising from the misuse of SMS or its contents by Users, Direct customers and third parties.

 

5.1.16 Be responsible for the solution items under its responsibility,
including all hardware resources (firewall, switch, router, server, etc.), software (connection application with INFOTIM),
network services necessary for the solution to function properly (DNS, DHCP, VPN, etc.)

 

5.1.17 The CONTRACTING PARTY agrees that it cannot accept
requests for the transfer of Large Accounts from Direct Customers from TIM's base, unless expressly agreed by TIM.

 

5.1.18 Any restriction and limitation of liability agreements
that the CONTRACTING PARTY has with its Direct Customers will not limit the CONTRACTING PARTY 's liability to TIM
for the fulfillment of the obligations assumed, including for the acts and actions of its Direct Customers.

 

5.2 The CONTRACTING PARTY declares that it is aware and
is in accordance with the information, requirements and obligations contained in the INFOTIM Operations Manual - Annex II of this
instrument.

 

5.3 The CONTRACTING PARTY is prohibited from using the
TIM brand without TIM's prior authorization.  Proved its unauthorized use, the CONTRACTING PARTY is subject
to a penalty for improper use of the trademark and possible termination of this Agreement.

 

5.4 The CONTRACTING PARTY shall act and respond to TIM
for the full compliance with all obligations, guarantees, penalties, responsibilities and, in general, any other obligations
arising from the Agreement.

 

5.5 The CONTRACTING PARTY is prohibited from using alternative
routes for sending SMS A2P (InfoTIM), other than those specifically contracted in this Agreement. These authorized routes are identified
by the use of Large Accounts. If SMS A2P is proven to have been sent by unauthorized routes (long numbers or chip cards), this
Agreement may be canceled unilaterally and immediately by TIM, with the CONTRACTING PARTY incurring the penalties
described in clauses 11.1.1 and 5.1.9.

 

    (7 / 16)

     

    

 

5.6 In order to avoid the occurrence of any type of fraud or
misuse of SMS, the CONTRACTING PARTY shall be responsible for managing the sending of its own SMS and that of its Direct
Customers.

 

5.7 The CONTRACTING PARTY shall, whenever requested by
TIM, prove the proper management of the SMS that it and its Direct Customers sent, demonstrating the non-occurrence of fraud
or misuse of SMS.

 

CLAUSE SIX: PRICE

 

6.1 For each SMS sent by the CONTRACTING PARTY, we will
charge a price with two components:

 

a) [*****];

 

b) [*****].

 

6.1.1 The sum of the two components above constitutes [*****].

 

6.1.2 The referred Minimum Allowance must be paid to TIM
by the CONTRACTING PARTY, regardless of the use of the total number of SMS transmitted in the offer chosen by the CONTRACTING
PARTY.

 

6.2 TIM reserves the right to set a limit on the volume
of additional messages, in the case of technical impacts caused to its systems. In the case such limit is applied, TIM will
formally inform the CONTRACTING PARTY, upon notification, with 30 (thirty) days in advance.

 

6.3 For the purposes of collection, any and all SMSs delivered
between the CONTRACTING PARTY, Direct Customers and Users will included.

 

6.4 For the execution of the services, object of this Agreement,
TIM will be paid the amounts as described in Annex III of this instrument. The amounts described in Appendix III include
all direct and indirect costs and expenses of TIM, as well as all municipal, state and federal charges and taxes, labor
charges, travel expenses and any other necessary for the successful and complete provision of the Service ("Price").

 

CLAUSE SEVEN - THE PAYMENT METHOD

 

7.1 TIM will send the CONTRACTING PARTY the invoice
for the service provided to the address indicated in the preamble of this Agreement. The invoice will inform the number of SMSs
carried in the billing cycle prior to the invoice being issued and the total amount to be paid by the CONTRACTING PARTY. 
Payments will be made within 30 (thirty) days as of the issue of the respective invoice.

 

For the Collection Invoice for InfoTIM Technical Management
Service the credit payment will be made by deposit in the current account informed below:

 

TIM SA: CNPJ - 02.421.421 / 0001-11

Banco [XXXXX]

Branch No [XXXXX]

Current Account: [XXXXX]

 

7.1.1 TIM may issue a bank slip of the banking institution of
its choice to send with the Sale Invoice for payment by the CONTRACTING PARTY.

 

7.1.1 The first charge of the minimum monthly amount specified
in clause 7.1 above will be prorated, according to the charge start date, which will occur after the testing period of the Service.

 

    (8 / 16)

     

    

 

7.2 If applicable, TIM must indicate the amounts in the
Sale Invoice, and the CONTRACTING PARTY will withhold the amount equivalent to [*****] of the invoice for the services,
providing its collection with the INSS - Instituto Nacional do Social Security, under the terms of the current legislation.

 

7.3 In case ISS, PIS, COFINS, CSSL and IR taxes are withheld
at the source, TIM must indicate the amounts in the invoice, and the CONTRACTING PARTY will withhold the amounts
equivalent to the respective taxes, providing, under the terms of Law No. 10.833 / 2003, Law No. 10.637 / 03 and Complementary
Law No. 116/03, the payment before the competent agency.

 

7.4 TIM is the sole responsible for the calculation of
taxes and fees for prices practiced in this Agreement. The CONTRACTING PARTY shall not be liable in case of mistakes in
these calculations.

 

7.5 If, during the term of this Agreement, new taxes, charges
and tax contributions are created, or the rates used are modified, or in any way the charges on the prices now contracted are increased
or decreased, the values of the respective contract may be revised, increased or decreased, in order to reflect such changes, which
will be applied from the effective date of the law or resolution that implements such changes.

 

7.6 A fine of [*****] will be charged on any late payment, in
addition to monetary update calculated according to the [*****] and default interest of [*****] per month on the total of the updated
debt.

 

7.6.1 In this case, the charges will be billed on the next invoice
thereafter.

 

7.7 In the event that TIM's invoice is in disagreement
with the number of SMS that the CONTRACTING PARTY claims to have used, the CONTRACTING PARTY will use the invoice
contestation procedures made available by TIM to its corporate customers at Tim Customer Relationship Center (CRC).

 

7.8 Tributes (taxes, fees, emoluments, tax contributions) due
as a direct or indirect consequence of this Agreement, or of its execution, as defined in the tax rules, shall be the responsibility
of TIM, without the right to reimbursement, and considered as already included in the price.

 

7.8.1 If the CONTRACTING PARTY is required to pay any
taxes on behalf of TIM or as a result of this provision of the Service, TIM must reimburse the CONTRACTING PARTY
within a maximum period of 5 (five) days.

 

7.9 The CONTRACTING PARTY, as a retaining source, will
discount and collect, in accordance with the provisions of the applicable tax legislation, the payments it makes and the taxes
to which it is bound by the respective legislation.

 

CLAUSE EIGHT: RESTRICTIONS

 

8.1 Notwithstanding the provision contained in item 5.1.4 of
this Agreement, the CONTRACTING PARTY is prohibited from sending messages that contain content similar to that of the sample
list in Clause 5.1.5, as well as any message or content that is in violation of the current legislation, which is untrue, fraudulent,
defamatory or libelous, that violates any type of third party right, or that generates any type of civil or criminal offense.

 

8.2 The CONTRACTING PARTY may not use the Services to
send messages with advertising content, promotion and / or sending binary SMS or WAP Push, without TIM prior and express
authorization.

 

8.3 The CONTRACTING PARTY is prohibited from reselling
telecommunication services or operations similar to those described in Clause 8.2 above, to third parties, for any reason or purpose.

 

    (9 / 16)

     

    

 

8.4 The CONTRACTING PARTY is responsible for the payment
of losses and damages, including legal fees, costs and procedural expenses, as well as any other expenses resulting from judicial
and / or extrajudicial demands proposed by third parties due to non-compliance with the contracted object. The Parties also agree
that if TIM is part of any lawsuit filed because of non-compliance of the CONTRACTING PARTY, the CONTRACTING PARTY
shall make all reasonable efforts to substitute TIM in the dispute.

 

8.5 The CONTRACTING PARTY undertakes to respect national
and international legislation with regard to the Protection of User Information, including the provisions of Law No. 12.965
/ 2014 (Marco Civil Law).

 

CLAUSE NINE: CONFIDENTIALITY

 

9.1 The Parties, their employees and their subcontractors shall
not disclose any documents or information to which they have access, in connection to the object of this Agreement. The disclosure
and / or reproduction, whether total or partial, of any Information in connection to this Agreement or any details about its development,
must be made only with the prior written consent of the other Party, always respecting the legal limits, the best practices and
normative documents of the SUPPLIER PARTY regarding security and privacy.

 

9.2 Each Party (hereinafter “Receiving Party”) shall
keep all information provided by the other Party (hereinafter “Supplying Party”) in the strictest secrecy and may not
disclose it to third parties without the prior written consent of the Supplying Party. The Receiving Party may not use the Information
for any purpose other than the performance of this Agreement. The obligations described above will not apply to any Information
that:

 

(i)          is already in the public domain at the time of its disclosure;

 

(ii)         becomes public domain after its disclosure, without the disclosure being made in violation of the provisions of this Agreement;

 

(iii)        is legally disclosed to any of the Parties, their Affiliates or their Representatives by third parties who, as far as the Receiving Party, its Affiliates or Representatives are aware, are not in breach, in relation to the information provided, of any obligation of confidentiality;

 

(iv)        must be disclosed by the Receiving Party, in accordance with an order issued by an administrative or judicial body with jurisdiction over said Party, only to the extent of such order; or

 

(v)         is independently obtained or developed by either Party without any breach of the obligations set forth in this Agreement, except when such information is developed on the basis of Confidential Information.

 

9.3 The Receiving Party of Confidential Information shall communicate
to the Supplying Party as soon as it is aware of it, any request for such information by any competent public authorities or through
any judicial process, so that the Supplying Party is able to take the legal measures it deems necessary.

 

9.4 The Parties are aware that each of them is part of an organization
of several legal entities in different jurisdictions ("Associated" companies), and that it may be necessary or appropriate
to provide Information to Associated companies. For this reason, each Party (both on the condition of a Supplying Party and a Receiving
Party under this Agreement) agrees that:

 

(i) The Receiving Party may provide Information to an Associated
company, but only due to the need for the latter to become aware of this information in order to carry out the purposes provided
for in this Agreement, respecting the legal guidelines in force and within the limits of the consent provided by the holder of
the data; and

 

(ii) Each Party guarantees compliance and adequate confidentiality,
by its Associated companies, with the terms and conditions of this Clause.

 

    (10 / 16)

     

    

 

9.5 Each Party shall limit access to Information to those employees,
representatives, contractors or advisors to whom such access is reasonably necessary or appropriate for the proper performance
of obligations under this Agreement.

 

9.6 The duty of Confidentiality covers the Information received
by the Parties, either orally or in writing, through various communication procedures, such as telephone and digital media, once
one Party was made aware by the other Party of this confidentiality, by any means.

 

9.7 The non-observance of any of the provisions established
in this Clause will subject the offending Party to the competent judicial and administrative procedures, of civil and criminal
order, including early protection, preliminary injunctions and indemnification for losses and damages that may come to another
Party.

 

9.8 The obligation of confidentiality is irrevocable and irreversible,
and must be observed even after the termination of this Agreement.

 

9.9 All Confidential Information transmitted or disclosed to
the Receiving Party must be returned to the Supplying Party or otherwise destroyed by the Receiving Party irretrievably, as soon
as the need for its use by the Receiving Party has ended or as soon as requested by the Supplying Party and, in any case, in the
event of termination of this Agreement. At the request of the Supplying Party, the Receiving Party shall be responsible for transporting
the requested information and promptly issue a declaration to be signed by its legal representative, confirming that all Information
not returned to the Supplying Party has been completely destroyed.

 

9.10 Failure to comply with this clause will result in immediate
termination of this Agreement, regardless of prior notification.

 

CLAUSE TEN: TERMINATION

 

10.1 The Parties agree that this Agreement may be terminated
unilaterally, by either Party, at any time, without reason, and without incurring any fine or penalty, upon prior notice sent in
writing, at least 60 (sixty) days in advance, in the exact terms of article 473 of the Civil Code. The Parties are fully aware
that they will not be able to oppose any termination, under any circumstances.

 

10.2 Without prejudice to the applicable fines and indemnities,
under the terms of this instrument, the Parties may terminate this Agreement by means of a simple judicial or extrajudicial notification,
without observing any term, in any of the following circumstances:

 

a)        Immediately
and without any burden to TIM, if the provision of Service object of this Agreement is prohibited by the National Telecommunications
Agency - ANATEL or any state agency that has competence for such, as well as the advent of Brazilian legislation at any level that
prevents the Service;

 

b)        By
either Party, in the event of total or partial failure to fulfill the obligations assumed in this Agreement;

 

c)        By
TIM, in the case of late payment, as provided in clause 5.1.2;.

 

d)        In
the event of bankruptcy, bankruptcy filing, judicial or extrajudicial recovery, or insolvency of either Party;

 

e)        A
fact that, due to its nature and severity, affects the CONTRACTING PARTY 's reliability and morality or that is likely to
cause damage or compromise, even if indirectly, TIM's reputation; and

 

f)        In
case of violation of any of the declarations and guarantees contained in the Ethics Clause in the Deals of this Agreement.

 

    (11 / 16)

     

    

 

10.3 If TIM fails to use the right to terminate the Agreement
under the terms described in the previous items, it may, at its sole criteria, suspend the execution of the same, until the CONTRACTING
PARTY fully complies with the breached contractual obligation. Any payments, refunds or adjustments will be suspended during
this period (without prejudice to the application of penalties to which the CONTRACTING PARTY is subject).

 

CLAUSE ELEVEN: PENALTIES

 

11.1 If any of the Parties breach any of the obligations established
in this Agreement, such breach will be communicated by the aggrieved Party, by means of a written notice, delivered directly, via
email or by post, so that it can be remedied within ten (10) business days.

 

11.1.1 The non-regularization of the breach will, at the discretion
of the aggrieved Party, give cause to the termination of the Agreement, as well as the application of a compensatory fine in the
amount of [*****] of the amount of the last invoice, without prejudice to the losses and damages arising therefrom.

 

11.2 In the event of termination for any reason attributable
to the CONTRACTING PARTY, in accordance with the terms of this Agreement, the latter responds for the payment of losses
and damages to be determined.

 

11.3 Based on this Agreement, the fines that may be applied
will be considered payable or TIM may collect them in court and this Agreement shall be considered as extrajudicial executive
title under the terms of article 784, III of the Civil Procedure Code.

 

11.4 In cases in which the CONTRACTING PARTY breaches
any of the rules set forth in this Agreement, TIM may, at its sole criteria, suspend the services, or even cancel the
services, by means of prior communication to the CONTRACTING PARTY.

 

11.5 The termination for non-payment by the CONTRACTING PARTY
does not affect the enforceability of the charges arising from the Agreement, when applicable.

 

11.6 If TIM finds that the use of the aforementioned
services, by the CONTRACTING PARTY and by their respective Direct Customers is disrespecting the rules that regulate
the contracted object, TIM may terminate this Agreement.

 

11.7 If there has been proven misuse of the service(s), fraud,
or failure to comply with obligations set forth in clause nine of this Agreement and in the applicable legislation, TIM may, by
means of prior notice, suspend or immediately terminate the Agreement, to its criteria, without prejudice to the collection of
the penalty described in item 11.1.1.

 

CLAUSE TWELVE: ETHICS IN BUSINESS

 

12.1 In this act, the PARTIES declare to have (i) their
own codes of conduct that follow the guidelines and principles of ethical, equitable and transparent behavior to which their administrators,
employees and collaborators are subject, and (ii) compliance programs that aim to ensure (a) compliance with the legislation,
codes, regulations, rules, policies and anti-corruption procedures of any government or competent authority, considering the jurisdiction
where business and services will be conducted or carried out under this Agreement - in particular, Law No 12.846 / 2013, Decree
No. 8.420 / 2015 and the Law of the United States of America against corrupt practices abroad (“FCPA”) -, and
(b) the identification of misconduct by its managers, employees and others employees, directly or indirectly related to them.

 

12.2 Accordingly, the CONTRACTING PARTY declares and
warrants that:

 

12.3 It recognizes that TIM business and performance
is oriented towards the observance of ethics and sustainable development and growth and respect for and protection of human rights,
labor law, the principles of environmental protection and the fight against all forms of corruption, in the light of the principles
of the Global Compact of United Nations Organizations;

 

    (12 / 16)

     

    

 

12.4 It acknowledges that the terms of its Code of Ethics and
Conduct, Anti-Corruption Policy and Conflict of Interest are available at TIM website at http://www.tim.com.br/ri -
Governança, Codigo de Etica, whose guidelines are widely disseminated in the company's environment, the market and
society;

 

12.5 It complies with and ensure that all of its employees,
subcontractors, consultants, agents and / or representatives in connection to this Agreement, even if indirectly, comply with TIM's
Code of Ethics and Conduct and Anti-Corruption and Conflict of Interests Policy, mentioned in item 12.4;

 

12.6 It is aware that TIM repudiates and condemns acts
of corruption in all its forms, including extortion and bribery, especially those provided for in Law No. 12.846 / 2013 and
in the “FCPA”, the financing of terrorism, child labor, illegal, forced and / or analogous to slavery, as well as all
forms of exploitation of children and adolescents and any and all acts of harassment or discrimination in their work relationships,
including in the definition of remuneration, access to training, promotions, dismissals or pensions, whether regarding race, ethnic
origin, nationality, religion, sex, gender identity, sexual orientation, age, physical or mental disability, union affiliation
or that violates (i) human rights and / or implies or results in physical or mental torture; (ii) health and personal
safety and / or the work environment; (iii) the right of free association of employees, (iv) environmental and sustainability
rights, and (v) the appreciation of diversity; and

 

12.7 It has not been sentenced for any act detrimental to public
administration, nor has it been or is listed by any government or public agency (such as United Nations or World Bank) as excluded,
suspended or indicated for exclusion and / or suspension or ineligible for government bidding programs

 

12.8 According to the responsibility under article 2 of Law
No. 12,846 / 2013, the CONTRACTING PARTY will not conduct any harmful act foreseen in such law - in particular, it
did not offer to pay, nor paid, will not pay, offered, promised or give, directly or indirectly, any amount or item of value, including
any eventual amounts paid to it by TIM, to any employee or official of a government, company or society controlled by the
government or owned by it, political party, candidate for office politician, or anyone else being aware of or believing that such
a value or item of value will be passed on to someone to influence any action, omission or decision by such person or by any government
agency for the purpose of obtaining, retaining or conducting business for the Contracting Party and / or TIM - as well as
in violation of the provisions contained in the “FCPA”, in the exclusive interest and / or benefit or not, of TIM.

 

12.8.1 In addition, the CONTRACTING
PARTY declares, in this act, to be aware of TIM Participações Complaint Channel, available at http://www.tim.com.br/canal-denuncia/?origin=RI,
and commits itself to submit any and all attempts and / or practices to which it is submitted, becomes aware, or against which
it is invested that fits the conducts described in Law No. 12.846 / 2013 and / or violate TIM's internal regulations,
in particular, but not limited to the Code of Ethics and Conduct, the Anti-Corruption and Conflict of Interest Policy and
/ or current legislation.

 

12.9 TIM may, regardless of any contrary provision contained
in this Agreement and upon sending prior notification, or not, suspend and / or terminate this Agreement in case of breach of any
declaration and / or warranty established in this Clause.

 

12.9.1 The CONTRACTING PARTY shall indemnify and exempt
TIM and / or its representatives from and against any loss, claim, cost or expense incurred by TIM and / or its representatives,
based on or arising from any violation of the declarations and guarantees set forth in this Clause or due to any violation of the
provisions of the aforementioned legislation resulting from any act, active or omissive, of the CONTRACTING PARTY and /
or its counselors, directors, employees and / or representatives.

 

    (13 / 16)

     

    

 

12.10 Finally, TIM declares that the provisions of this
Agreement were negotiated in light and in strict compliance with its Code of Ethics and Conduct and the legislation for the protection
of the environment, demonstrating its commitment to sustainable development and maintaining the balance of ecosystems, according
to the Environmental Policy available at http://ri.tim.com.br/ - Sobre a TIM - Sustentabilidade. Furthermore, with regard to the
provisions contained in this Clause, the CONTRACTING PARTY, as supplier and / or commercial partner, undertakes to observe
and disseminate the aforementioned ethical and social principles and values, as well as that of the competition.

 

CLAUSE THIRTEEN- DATA PROTECTION

 

13.1 The CONTRACTING PARTY shall ensure that it will
process the data of PMS TIM Customers only and exclusively for the purpose of this Agreement, for the legitimate interest and execution
of this Agreement, observing the principles of adequacy and need for data treatment. The CONTRACTING PARTY is full and exclusively
responsible for any breach and / or misuse of data and for the losses that it may cause to PMS TIM Customers and TIM itself.

 

13.2 The CONTRACTING PARTY further undertakes to implement
technical and administrative security measures to protect personal data against accidental or unlawful destruction, accidental
loss, alteration, diffusion or unauthorized access, as well as any other form of inadequate or unlawful data treatment, subject
to the provisions of Decree No. 8.771 / 2016.

 

13.2.1 The systems used by the CONTRACTING PARTY for
the processing of personal data must be structured in order to meet the security requirements, the standards of good practices
and governance and the general principles provided for in the current legislation and the other regulatory rules, guaranteeing
the inviolability of intimacy, honor and reputation of the information holders.

 

13.3 The CONTRACTING PARTY will inform TIM immediately,
and must provide all necessary support to any investigation that may be carried out, in case there is any breach of security and
/ or suspicion thereof, regardless of whether or not it jeopardizes the security and integrity of personal data.

 

13.4 The CONTRACTING PARTY shall ensure that the collaborators
and / or external service providers it hired that have access to personal data in connection with this Agreement, comply with the
legal provisions applicable in the matter of protection of personal data, not giving or disclosing such personal data to third
parties, nor making use of them for any purposes other than those strictly permitted by TIM under the terms of this Agreement.

 

13.5 This Agreement does not authorize the CONTRACTING PARTY
to subcontract another company, in whole or in part, for the exercise of any personal data processing activity related to the
object of the contract, except for any infrastructure and / or auxiliary services that are strictly necessary for the regular conduct
of the CONTRACTING PARTY's operations, and provided that the providers of such infrastructure and / or auxiliary
services are identified by the CONTRACTING PARTY before signing this Agreement.

 

13.6 For all purposes, the subcontracted party will be considered
OPERATOR, being obliged, at least, to comply with the obligations established in this Agreement. The CONTRACTING PARTY is
responsible for ensuring that the subcontracted party is subject to the same obligations of this Agreement. The CONTRACTING
PARTY is fully responsible, before TIM, for the data processing activities carried out by the subcontracted party, as
well as for any incidents occurred in the context of the processing of personal data by such subcontracted party, as provided for
in this Agreement.

 

13.7 Whenever possible, especially in the event that the transfer
of personal data to third parties is necessary, such treatment will take place anonymously, preserving the identity of the holders
of personal data and without allowing their identification.

 

    (14 / 16)

     

    

 

13.8 After fulfilling the purpose of data treatment for the
due fulfillment of this Agreement by the CONTRACTING PARTY, it must make sure that the personal data are irreversibly and
immediately deleted from all bases managed, administered and / or in any way controlled by the CONTRACTING PARTY, guaranteeing
its confidentiality.

 

13.9 If the CONTRACTING PARTY processes data on an international
territory and / or deals with information from residents outside the Brazilian territory, it must obtain prior approval from TIM
and follow its instructions in this regard, as well as the guidelines of the regulations and applicable privacy and protection
laws of personal data.

 

CLAUSE FOURTEEN: GENERAL PROVISIONS

 

14.1 Any communications between the Parties relating to this
Agreement will only take effect, as provided in this Agreement, if made in writing and (a) delivered by hand or (b) sent
by mail with Notification of Receipt (NR), or sent during business hours of business days by email with confirmation of receipt
of the recipient of the email. For the purposes of communications relating to this Agreement, the following information and addresses
of the Parties must be considered:

 

For the CONTRACTING PARTY:

Address: [XXXXX]

Att.: [XXXXX]

Email: [XXXXX]

 

For TIM:

Address: [XXXXX]

Att.: [XXXXX]

Email: [XXXXX]

 

14.2 This Agreement does not create any type of company, association,
joint venture or any other relationship of a similar nature between the Parties, and neither Party is permitted to act on behalf
of the other.

 

14.3 This Agreement contains the full commitment between the
Parties with respect to its object and replaces any previous contractual instrument or agreement, written or oral, with respect
to all matters covered by or mentioned in this Agreement.

 

14.4 This Agreement binds the Parties and any of their successors,
and shall automatically transferred to the supervening entity, and any authorized assignees. Any alteration or modification of
this Agreement will only be valid upon a written ammendment, which shall be signed by the legal representatives of the Parties.

 

14.5 The Parties expressly acknowledge that all provisions of
this Agreement have been fully negotiated and accepted with the support of their legal advisors, thus reflecting the subjective
good faith of the Parties to this Agreement.

 

14.6 Failure or delay, by either Party, in exercising any right
arising from this Agreement will not imply in a waiver or novation, and shall be construed as mere liberality, and the right may
be exercised at any time, unless the Parties expressly provide otherwise.

 

14.7 Neither Party will be liable to the other for any delay
or failure to enforce any provision of this Agreement as a result of acts of God and force majeure, under the terms of the Civil
Code.

 

14.8 In case of doubt or contradiction between this Agreement
and its annexes, the provisions of this Agreement will always prevail.

 

    (15 / 16)

     

    

 

14.9 Taxes that are due directly or indirectly in connection
with this Agreement or its execution are the responsibility of the Party that causes such tax obligation, as defined in the applicable
law.

 

14.10 The Parties declare, under the penalties of law that the
attorneys-in-fact and / or legal representatives undersigned are duly constituted in the form of the respective constitutive acts,
with powers to assume the obligations now contracted.

 

CLAUSE FIFTEEN: JURISDICTION AND APPLICABLE LAW

 

15.1 This Agreement is governed by Brazilian law.

 

15.2 The Central Forum of the City of Sao Paulo is elected,
with express resignation to any other, however privileged it may be, to settle any doubts or litigation arising from this Agreement.

 

IN WITNESS WHEREOF, the Parties sign this instrument in two
(2) counterparts of equal content and form, in the presence of two (2) witnesses indicated below.

 

	 	São Paulo, July 21, 2020

 

	 	/s/ Andre Brandolise Foresto
	 	TIM SA
	 	 
	 	/s/ Fabio Matias de Souza /s/ Renato Friedrich
	 	ZENVIA MOBILE SERVIÇOS DIGITAIS SA

 

	/s/ Renato Ferri Soares Pinto	 
	WITNESS	 

 

    (16 / 16)EX-4.1

 Exhibit 4.1 
  

 
 NUMBER JACKSON FINANCIAL INC. SHARES INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE CUSIP XXXXXX XX X SEE REVERSE FOR CERTAIN
DEFINITIONS This Certifies That is the owner of Fully Paid and Non-Assessable Class A Common Stock of JACKSON FINANCIAL INC. transferable on the books of this Corporation in person or by attorney upon
surrender of this Certificate duly endorsed or assigned. This Certificate and the shares represented hereby are subject to the laws of the State of Delaware and to the Articles of Incorporation and the Bylaws of the Corporation as now or hereafter
amended. This Certificate is not valid until countersigned by the Transfer Agent. IN WITNESS WHEREOF, the Corporation has caused this Certificate to be signed by the facsimile signature of its duly authorized officers. COUNTERSIGNED AND REGISTERED:
EQUINITI TRUST COMPANY BY Dated: Signature Title Signature Title TRANSFER AGENT AND REGISTRAR AUTHORIZED SIGNATURE AMERICAN FINANCIAL PRINTING, INC. 

 

 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations: TEN COM – as tenants in common TEN ENT – as tenants by entireties JT TEN – as joint tenants with right of survivorship and not as tenants in common UTMA – Custodian
(Cust) (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the above list. For value received hereby sell, assign, and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE) Shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said stock on
the books of the within-named Corporation with full power of substitution in the premises. Dated X X NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. SIGNATURE GUARANTEED ALL GUARANTEES MUST BE MADE BY A FINANCIAL INSTITUTION (SUCH AS A BANK OR BROKER) WHICH IS A PARTICIPANT IN THE SECURITIES TRANSFER AGENTS MEDALLION PROGRAM (“STAMP”),
THE NEW YORK STOCK EXCHANGE, INC. MEDALLION SIGNATURE PROGRAM (“MSP”), OR THE STOCK EXCHANGES MEDALLION PROGRAM (“SEMP”) AND MUST NOT BE DATED. GUARANTEES BY A NOTARY PUBLIC ARE NOT ACCEPTABLE.

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