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Exhibit 4.34

SUBSIDIARY JOINDER AGREEMENT

SUBSIDIARY JOINDER AGREEMENT (this “Agreement”) dated as of October 27, 2021 by Arcos Dorados Puerto Rico, LLC, a limited liability company (the “Additional Guarantor”), in favor of JPMorgan Chase Bank, N.A., as Lender (the “Lender”). Unless otherwise defined herein, capitalized terms used herein and defined in that certain Amended and Restated Credit Agreement, dated as of December 11, 2020 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among Arcos Dorados Holdings Inc., a company incorporated under the laws of the British Virgin Islands (the “Borrower”), certain Subsidiaries of the Borrower, as Guarantors, and the Lender, are used  herein as therein defined and the rules of construction set forth in Section 1.2 thereof shall apply hereto.
WHEREAS, the Borrower has entered into the Credit Agreement providing for the making of Loans,
WHEREAS, in connection with the Credit Agreement, certain of the Borrower’s Subsidiaries have entered into (or are required to enter into) the Credit Agreement as Guarantors thereunder,
WHEREAS, pursuant to Section 5.5 of the Credit Agreement, the Borrower is required to cause one or more additional Subsidiaries to become a party to the Credit Agreement as Guarantors, and
WHEREAS, the Additional Guarantor desires to execute and deliver this Agreement in order to become a party to the Credit Agreement pursuant to Section 5.5 of the Credit Agreement,
NOW, THEREFORE, IT IS AGREED as follows:
SECTION 1. Joinder.
(a)    By executing and delivering this Agreement, the Additional Guarantor hereby becomes a party to the Credit Agreement as a “Guarantor” thereunder, expressly assumes all obligations and liabilities of a “Guarantor” thereunder and ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Credit Agreement.

(b)    Without limiting the generality of the terms of paragraph (a), the Additional Guarantor hereby unconditionally and irrevocably guarantees the prompt payment and performance of the Obligations in full when due (whether at stated maturity, upon acceleration or otherwise), and agrees that if the Borrower fails to pay any Obligation when due, it will forthwith, on written demand, pay the amount not so paid at the place and in the manner specified in the Credit Agreement, including, in particular, in accordance with Section 2.12 of the Credit Agreement (and without duplication of any amount thereof previously paid by any other Guarantor thereunder and not rescinded or refunded), and that in the case of any extension of time of payment or renewal of any of the Obligations, the same 

    

will be promptly paid in full when due (whether at extended maturity, upon acceleration or otherwise) in accordance with the terms of such extension or renewal. The Additional Guarantor further agrees that its guarantee hereunder and under the Credit Agreement constitutes a guarantee of payment when due and not of collection and that the obligations of the Guarantors under the Credit Agreement shall be joint and several. The Additional Guarantor hereby acknowledges that it has received a copy of the Credit Agreement, as it may have been amended or supplemented from time to time.

(c)    The Additional Guarantor hereby makes each of the representations and warranties contained in Article III of the Credit Agreement on the date hereof as if such representations and warranties were made as of the date hereof, after giving effect to this Agreement.

(d)    The Additional Guarantor hereby waives acceptance by the Lender of the Guaranty by the Additional Guarantor upon the execution of this Agreement by the Additional Guarantor.

SECTION 2. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures were upon the same agreement.
SECTION 3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF NEW YORK (NOT INCLUDING SUCH STATE’S CONFLICT OF LAWS PROVISIONS OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

IN WITNESS WHEREOF, the undersigned has caused this Agreement to be duly executed and delivered as of the date first above written.

    

ARCOS DORADOS PUERTO RICO, LLC

						
	By	  /s/ Mariano Tannenbaum

	Name:	  Mariano Tannenbaum
	Title:	  Treasurer

    

ACKNOWLEDGED:

JPMORGAN CHASE BANK, N.A., as the Lender
						
	By	  /s/ Christophe Vohmann

	Name:	  Christophe Vohmann

	Title:	  Executive DirectorDocument

Exhibit 4.35

SUBSIDIARY JOINDER AGREEMENT

SUBSIDIARY JOINDER AGREEMENT (this “Agreement”) dated as of October 27, 2021 by Golden Arch Development LLC, a limited liability company (the “Additional Guarantor”), in favor of JPMorgan Chase Bank, N.A., as Lender (the “Lender”). Unless otherwise defined herein, capitalized terms used herein and defined in that certain Amended and Restated Credit Agreement, dated as of December 11, 2020 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among Arcos Dorados Holdings Inc., a company incorporated under the laws of the British Virgin Islands (the “Borrower”), certain Subsidiaries of the Borrower, as Guarantors, and the Lender, are used  herein as therein defined and the rules of construction set forth in Section 1.2 thereof shall apply hereto.
WHEREAS, the Borrower has entered into the Credit Agreement providing for the making of Loans,
WHEREAS, in connection with the Credit Agreement, certain of the Borrower’s Subsidiaries have entered into (or are required to enter into) the Credit Agreement as Guarantors thereunder,
WHEREAS, pursuant to Section 5.5 of the Credit Agreement, the Borrower is required to cause one or more additional Subsidiaries to become a party to the Credit Agreement as Guarantors, and
WHEREAS, the Additional Guarantor desires to execute and deliver this Agreement in order to become a party to the Credit Agreement pursuant to Section 5.5 of the Credit Agreement,
NOW, THEREFORE, IT IS AGREED as follows:
SECTION 1. Joinder.
(a)    By executing and delivering this Agreement, the Additional Guarantor hereby becomes a party to the Credit Agreement as a “Guarantor” thereunder, expressly assumes all obligations and liabilities of a “Guarantor” thereunder and ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Credit Agreement.

(b)    Without limiting the generality of the terms of paragraph (a), the Additional Guarantor hereby unconditionally and irrevocably guarantees the prompt payment and performance of the Obligations in full when due (whether at stated maturity, upon acceleration or otherwise), and agrees that if the Borrower fails to pay any Obligation when due, it will forthwith, on written demand, pay the amount not so paid at the place and in the manner specified in the Credit Agreement, including, in particular, in accordance with section 2.12 of the Credit Agreement (and without duplication of any amount thereof previously paid by any other Guarantor thereunder and not rescinded or refunded), and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, upon acceleration or otherwise) in accordance with the terms of such extension or renewal. The Additional Guarantor further 

agrees that its guarantee hereunder and under the Credit Agreement constitutes a guarantee of payment when due and not of collection and that the obligations of the Guarantors under the Credit Agreement shall be joint and several. The Additional Guarantor hereby acknowledges that it has received a copy of the Credit Agreement, as it may have been amended or supplemented from time to time.

(c)    The Additional Guarantor hereby makes each of the representations and warranties contained in Article III of the Credit Agreement on the date hereof as if such representations and warranties were made as of the date hereof, after giving effect to this Agreement.

(d)    The Additional Guarantor hereby waives acceptance by the Lender of the Guaranty by the Additional Guarantor upon the execution of this Agreement by the Additional Guarantor.

SECTION 2. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures were upon the same agreement.
SECTION 3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF NEW YORK (NOT INCLUDING SUCH STATE’S CONFLICT OF LAWS PROVISIONS OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

IN WITNESS WHEREOF, the undersigned has caused this Agreement to be duly executed and delivered as of the date first above written.

GOLDEN ARCH DEVELOPMENT LLC

						
	By	  /s/ Mariano Tannenbaum

	Name:	Mariano Tannenbaum
	Title:	Vice President, Treasurer, Chief Financial Officer and Controller

ACKNOWLEDGED:

JPMORGAN CHASE BANK, N.A., as the Lender
						
	By	  /s/ Christophe Vohmann

	Name:	  Christophe Vohmann

	Title:	  Executive DirectorExhibit
4.2

 

wework

 

MODIFICATION
OF MEMBERSHIP CONTRACT

 

MR.
CLEMENTE AGUILAR

 

We
reviewed the modification to your Membership Contract as follows:

 

Should
you have any comment or question, do not hesitate to contact us a WE-EX-29370@wework.com

 

By
means of this document, reference is made to the WeWork Membership contact between WeWork Mexico, S.de R.L. de C.V. (WeWork”) and
Freighy Hub Mexioc, SA de CV dated December 17, 2019, including the Format continating information on your members and other modifications
to same (the “Contract”). The capitalized terms not defined in this medication will have the meaning attributed to them in
the Contract.

 

MAIN
MEMBER INFORMATION

 

Freight
Hub México, SA de CV

Main
member: Clemente Aguilar

XXXX.XXXX@fr8hub.com

+5281XXXXXXX

 

DETAILS
SURROUNDING MODIFIED MEMBERSHIP

 

WeWork
Constitution Avenue 250

 

————————————————————

 

Actual
offices

40W110
– 56 person office

 

Membership
Fee 

$xxx,xxx
/ month + VAT as of November 01, 2021

 

Obligatory
Term

Start
date : November 01, 2021

End
date : October 31, 2022

 

Notification
period (for early termination of Obligatory Term)

3
months.

 

————————————————————

40-112-
4 person office

 

Membership
Fee 

$xxx,xxx
/ month + VAT as of November 01, 2021

 

Obligatory
Term

Start
date : November 01, 2021

End
date : October 31, 2022

 

    	 

    	 

    

 

Notification
period (for early termination of Obligatory Term)

2
months.

 

————————————————————

40-111-
2 person office

 

Membership
Fee 

$xxx,xxx
/ month + VAT as of November 01, 2021

 

Obligatory
Term

Start
date : November 01, 2021

End
date : October 31, 2022

 

Notification
period (for early termination of Obligatory Term)

2
months.

 

————————————————————

 

MEMBERSHIP
FEE SUMMARY

 

[Table
summarizing dates, fees and discounts]

 

ANNUAL
PRICE INCREASE 

 

On
each anniversary of the start date of the office, the membership fee will be subject to an automatic increase over the membership fee
for that time equal to the greater of (i) three point five percent (3.5%) or (ii) the percentage of the National Consumer Price Index
published by the National Institute of Statistics and Geography (INEGI) for the previous period of twelve (12) months plus half of one
percent (0.5%).

 

This
modification could alter the date on which the membership fee of the associated company is increased monthly, but in no case will it
be will produce a date before the next start date of the Contract.

 

In
the event of inconsistencies between the Agreement and this Modification, the terms of the latter will prevail. Likewise, the parties
agree that, except as amended herein, the Agreement remains intact, including any annual increases to the membership fee established
therein.

 

By
electronically signing this Modification, you represent that you have the appropriate authority to sign it on behalf of Freight Hub México,
SA de CV and contracts the obligations described therein on behalf of Freight Hub México, SA de CV.

 

	Community
    Manager Signature	 	Electronic
    Signature
	Laura
    Santos	 	Clemente
    Aguilar
	WeWork
    Mexico, S. de R.L. de C.V.	 	Freight
    Hub México, SA de DV
	 	 	Signed
    on October 29, 2021

 

————————————————————

 

	We
    Work	 	 
	WeWork
    Mexico, S. de R.L. de C.V.	 	 
	Miguel
    Hidalgo 2404, Centro	 	01
    55 8526 1230
	Monterry,
    Nuevo Leon, 64000, Mexico	 	WE-MX-29370@wework.com
	VAT:
    AAS150925V88	 	 

 

————————————————————

 

Modification
to WeWork Membership Contract

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