Document:

Document

DocuSign Envelope ID: [*****]

Exhibit 4.34
Service Agreement
												
	Client:	PAGSEGURO INTERNET S.A	CNPJ:
	08.561.701/0001-01
	Service Provider:	COMPASSO TECNOLOGIA LTDA.	CNPJ:
	07.654.824/0001-24
	Project:	Commercial BU Planning		
	Agreement:	2735/19	SA No.
	61

This Service Agreement is governed by the above-mentioned Service Agreement, which was executed between PAGSEGURO INTERNET S.A and COMPASSO TECNOLOGIA LTDA on July 15, 2019.
			
	SCOPE
	This Service Agreement provides for the allocation of a Squad of Professionals with skills to develop software, working in an agile dynamic.

	The detailed scope of the services, as well as the items outside the scope, are described in the Technical Proposal - Commercial BU Planning, which was signed with the initials of the Parties and becomes an inseparable Exhibit hereto.

COMPENSATION
a)Monthly non-cumulative baseline equivalent to [*****] in the period from November/21 and June/22 during business hours: [*****]
o    Baseline is accounted for regardless of the monthly consumption, thus ensuring the availability of capacity for the project.
															
	Baseline from November/21 to June/22
	Employee Profile	# of Employees	Hours/Month	Rate/Hour	Monthly Investment (Baseline)
					
	Senior D&A Engineer	[*****]	[*****]	[*****]	[*****]
	Full (Pleno) D&A Engineer	[*****]	[*****]	[*****]	[*****]
	Full (Pleno) Agile Master	[*****]	[*****]	[*****]	[*****]
		[*****]	[*****]		[*****]
					
			Commercial discount [*****]%
	[*****]
					
	* Amounts in Reais (R$) [*****]
			[*****]

DocuSign Envelope ID: [*****]

b)Monthly non-cumulative baseline equivalent to [*****] in the period from July/22 and October/22 during business hours: R$ [*****].
															
	Baseline from July/22 to October/22
	Employee Profile	# of Employees	Hours/Month	Rate/Hour	Monthly Investment (Baseline)
					
	Senior D&A Engineer	[*****]	[*****]	[*****]	[*****]
	Full (Pleno) D&A Engineer	[*****]	[*****]	[*****]	[*****]
	Full (Pleno) Agile Master	[*****]	[*****]	[*****]	[*****]
		[*****]	[*****]		[*****]
					
			Commercial discount [*****]%
	[*****]
					
	* Amounts in Reais (R$) [*****]
			[*****]

c)Additional hours to the baseline shall be measured and charged as per the ratecard shown below:
																														
	Baseline	Overtime Rate	Additional Rates on the Rate/Hour
	Employee Profile	Amount/Hour	Not on call	Overtime Hour	Night shift
(10 pm to 6 am)
	Night shift overtime	Not on call	Overtime Hour	Night shift
(10 pm to 6 am)
	Night shift overtime
	Senior D&A Engineer	[*****]	[*****]	[*****]	[*****]	[*****]	[*****]%	[*****]%	[*****]%	[*****]%
	Full (Pleno) D&A Engineer	[*****]	[*****]	[*****]	[*****]	[*****]				
	Full (Pleno) Agile Master	[*****]	[*****]	[*****]	[*****]	[*****]				
	* Amounts in Reais (R$)

PREMISES AND REQUIREMENTS
All premises and requirements applicable are included in the above-mentioned Technical Business Proposal.
LOCATION OF SERVICE PROVISION
The activities will be performed remotely. In specific occasions and as applicable, the activities may also be performed in person at the Client’s headquarters.
TIME OF SERVICE PROVISION
All activities that have not been specified as 24x7, shall be carried out during business hours. Business hours means the period from 07:00 am to 07:00 pm, GMT -3 (Brasília Time Zone) from Monday to Friday, except holidays.
All of Compasso’s employees strictly comply with all Brazilian Labor Laws (CLT), especially concerning mandatory lunch break and overtime limit.

DocuSign Envelope ID: [*****]

TRAVEL EXPENSES
Travel expenses are not included in the price and shall be reimbursed to Compasso upon submission of expense report, together with a Debit Note and payment instructions, provided that those expenses are previously notified and authorized by PagSeguro by e-mail, pursuant to the terms and limitations set forth in the policies described below.
Travel expenses refer to transportation, meals, insurance, and accommodation, as established below:
									
	Travel Expense Policy – PAGSEGURO Client
	Amount for meals – PAGSEGURO Client		Non-cumulative daily amount on business days
		R$ [*****]
	Limit per meal (lunch and dinner) on non-business days
			
	Hotel - 3 Star Executive Category	R$ [*****]
	
	Air tickets - Cheapest ticket at the determined time		
	Insurance - For trips abroad		
			
	Commuting by land		Corporate taxi/Uber rate upon receipt or authorization from PagSeguro Manager for third-party use Intermunicipal bus when needed

			
	Trips/Commuting during business hours		
			
	**In case of change to the daily meal amount in the Travel Expense Policy, it shall be notified to the Client by e-mail and formalized in an amendment hereto.

PAYMENT CONDITIONS
•Baselines shall be issued until the [*****]th day of the month in which the service was provided, plus any additional amounts from the previous month, as applicable;
•All invoices shall be due within [*****] days from its issuance date.
NOTES
•All levied taxes are included in the above-mentioned rates, namely: taxes on services of any nature (ISSQN) ([*****]%), social integration program (PIS) ([*****]%), and contribution to social security financing (COFINS) ([*****]%), for invoices billed in Brazil;
•All transactions concerning this Agreement shall be billed in Brazilian currency (BRL).
•Compasso shall issue Invoices from the unit performing the services, and it may use its branches in order to do so;
•In the event activities are performed outside the scope of the agreement and are not provided in the additional provisions herein, they shall be previously agreed between the Client and Compasso, and will be the subject matter of a specific Service Agreement;
•Except upon prior notice as provided herein, at the end of the term, the services herein described shall be automatically renewed under the same conditions;

DocuSign Envelope ID: [*****]

•As per contractual provision, the rates herein presented shall be adjusted for inflation every 12 months by the Extended National Consumer Price Index (IPCA).
OTHER CONDITIONS
All other terms and conditions in the above-mentioned Service Agreement shall apply to the Services.
The following are an integral part hereof:
Exhibit I: Technical Proposal - Commercial BU Planning
In case of any discrepancy between the terms and conditions herein and the above-mentioned proposals, the provisions set forth in this Service Agreement shall prevail.
												
	Commencement of Activities:
	01Nov21
	Effectiveness:
	a)[*****]

	Type of project:	Dedicated Squad		

IN WITNESS WHEREOF, the Parties have executed this Agreement in two (2) counterparts, same in form and content, in the presence of the undersigned witnesses, through Docusign technology.
São Paulo, Saturday, November 27, 2021.
PARTIES:
PAGSEGURO INTERNET S.A
															
	[signature]		[signature]
					
	By:			By:	
	Title:			Title:	

COMPASSO TECNOLOGIA LTDA.
															
	[signature]		[signature]
					
	By:			By:	
	Title:			Title:	

DocuSign Envelope ID: [*****]

Witnesses:
															
	[signature]		[signature]
					
	By:			By:	
	Title:			Title:	

DocuSign Envelope ID: [*****]

PagSeguro – COMMERCIAL BU PLANNING
TECHNICAL | BUSINESS PROPOSAL
TECHNICAL | BUSINESS PROPOSAL

ABNER BORINATO
11/26/2021
11/26/2021

DocuSign Envelope ID: [*****]

Initial provisions
•All information herein about products, services, images, graphic layouts and intellectual content are owned by Compasso UOL or by its relevant contractors. Copies are only permitted for the internal use of PagSeguro, and may not be used as source of information to third parties. All information provided to Compasso UOL shall not be disclosed nor used in other projects, except as otherwise authorized in writing by both parties;
•The content hereof includes ideas and material owned by Compasso UOL, and it must be solely used for the evaluation of such proposal;

•This material may not be accessed by persons who are not directly related to the client and to the evaluation of the proposal under discussion;
•The same terms are also to be applied for information obtained from meetings and documents received from and used by Compasso UOL in order to create this proposal;
•No part of this document may be reproduced in other documents and/or presentations without the express and written authorization from Compasso UOL.

DocuSign Envelope ID: [*****]

About Compasso UOL

DocuSign Envelope ID: [*****]

What we do: We build digital experiences that enable companies’ growth and improve people’s lives. we help organization in different industries telco vivo telefônica Loyalty Loyalty Marketplace Platform livelo Retail carrefour CSF Financial Services App PlatformConsumer Goods
Consumer Goods Espaço Digital Natura Commerce Platform natura esfera santander Financial Esfera Marketplace Platform

DocuSign Envelope ID: [*****]

Growth Track Record:150 350 1200 1900 +3500 digital specialists * Driven by digital growth of UOL Group, decision is made to found an IT company, integrating DHC, and later Diveo, modern infrastructure services companies, with large online retail focus 2008 2013 2015 2019  2021  Compasso Compasso , an agile modern development services company, focused on digital business and transformation services is acquired Cloud Cloud strategic partnerships are initiated with global leaders (AWS, GCP, Azure), to provide Cloud native services in Latam.The company is reorganized, moving infrastructure services to a separate unit, and Compasso UOL focuses 100% as Pure Play in Digital Transformation and Cloud Compasso UOL is the company new Brand, Cloud partnerships accelerate and Global work from anywhere business model consolidates Compasso UOL creates new Cutting-Edge Innovation Studios, expanding its organic growth, and also adds new business lines through new acquisitions, accelerating is global footprint. *Dec-2021 projection

DocuSign Envelope ID: [*****]

Digital Transformation We build the best experiences to drive innovation to the market and help our customers rethink and reinvent their business continuously. Digital Commerce Payment Solutions User Mobile Apps Cognitive Computing Games & Real-Time 3DUser Experience Quality & Testing Automation Integration & Microservices Cyber Security Cloud & DevSecOps Hyperautomation Data & Analytics Salesforce Agile Application Modernization Transformation(RPA)

DocuSign Envelope ID: [*****]

Infrastructure Services Infrastructure, Hybrid & Private Cloud Agile Governance SAP Services Managed Services Anywhere

DocuSign Envelope ID: [*****]

Infrastructure Services Infrastructure, Hybrid & Private Cloud SAP Services AgileManaged Services Anywhere Governance Managed Services 

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Collaborative culture: With an ecosystem driven by innovation  Universities & Compasso AcademyGlobal Technology Leaders R&D Next-Gen Technologies & Tech Communities Global Technology Leaders  Customer Innovation

DocuSign Envelope ID: [*****]

Sustainable Growth: The investment in supporting and stimulating our professionals’ continuous search for skills and excellence turns into added value to our local and global customers. This process also generates sustainability and development opportunities for the communities where we locate our Development and
Innovation Centers. World-Class Execution & Global Deployments
We run a global delivery model that combines processes, methodologies, knowledge structures, and quality, with skills and talents available worldwide. Our
customers can now maximize the value of their business processes and information technology investments, optimizing costs, and accelerating their time to market. Our nearshore model strategy combines world-class execution and global proximity. Delivery centers global reach

DocuSign Envelope ID: [*****]

With whom we innovate:  Partners Who trusts Compasso UOL

DocuSign Envelope ID: [*****]

Sustainability, Diversity and Inclusion: Sustainability Compasso UOL has been investing for more than a decade in building the sustainability of its business model through numerous initiatives. Our core belief is founded on the idea of sharing knowledge to build talent hubs out of the mainstream cities. These initiatives have created development ecosystems in these regions, which deliver opportunities that impact positively people’s lives and help develop local economies in demanding communities. Giving Back do Society. Our sustainable talent hubs development partners: Our sustainable talent hubs development partners: Diversity and Inclusion At Compasso UOL we work to ensure the representation of diverse talent. We welcome advancing diverse talent into all levels of operational, technical, leadership, management and executive roles. We strengthen the inclusive-leadership capabilities of our managers, executives and leaders, and of all of our team, emphatically engaging and holding leadership accountable for our progress on I&D. We uphold a zero- tolerance policy for discriminatory behavior, such as bullying and harassment, and actively help managers and staff to identify and address all kind of misconducts. We establish norms for open, welcoming behavior and ask leaders and employees to assess each other on how they are living up to that standard.

DocuSign Envelope ID: [*****]

Our Scalable Growth Model: We have built our sustainable, scalable growth model based on a combination of a series of foundations. We ideate and design transformational initiatives that kick-off new business growth opportunities to our customers from our innovation studios. Our Accelerators help to reduce innovation delivery time-to-market: packaging our next-generation technologies knowledge into open-source frameworks, we deliver more rapidly and more efficiently.  Our Talent@Scale programs allow us to build talent to fulfill the never-ending knowledge gap of this new world. They connect to our "work from anywhere" model and enable us to deliver multi-disciplinary innovation teams for new projects with scale and speed. And finally, we succeed connecting the dots on every one of these foundations by leveraging the new global integrated digital transformation's never-ending demand inflow for digital transformation specialized services. Global Customers Demand Global Customers Demand Talent @Scale @Scale Work from Anywhere Accelerators Innovation Studios Studios

DocuSign Envelope ID: [*****]

What makes us  different?  Building and In a competitive market, we make outstanding investments in skill development to create exceptional professionals Enabling value stream mapping to accelerate growth VSM (Value Stream Mapping) approach materializes our agile culture and transforms our customers' business, generating value for all stakeholders. Developing efficient and sustainable innovation centers  Our delivery and innovation centers are strategically located in small and medium-sized cities, close to the well-recognized regional universities, building sustainability and growth for these local communities.  Prioritizing people- Centric technology connections The combination of our people-centric culture, where opportunities to develop knowledge on cutting-edge technologies flourish every day, is the key to keep our turnover rate under the market average. 

DocuSign Envelope ID: [*****]

Business Proposal

DocuSign Envelope ID: [*****]

Scope of Service      The scope of this proposal provides for the allocation of squad, working in an agile dynamic, as per the work model used by PagSeguro.     The employees allocated will be working full time;     The allocation of employees is made on business hours, from Monday to Friday;     Deliveries made outside business hours, may be made upon agreement with the project’s Scrum Master/AM/Service Manager, who shall organize the team’s shift schedule, pursuant to the Brazilian Labor Laws (CLT);     The period from 7 am to 7 pm (except weekends and holidays) is accounted by Compasso as regular working hour rate, within the ratecard described herein. Work outside those hours shall be consider overtime, as per the provisions herein;     The allocated squad will be working remotely, under the category of Remote Work - Contingency;     The employees will be assigned within 45 days as from the approval of the business proposal.     The employees have a weekly work load of 40 hours.

Investment
◦We present below the business proposal based on the profile of the employees who will be assigned and considered as monthly baseline, as well as the rates for any overtime worked outside the baseline herein contracted:
CONSIDERATIONS: The amounts are presented in Reais; All taxes are included in the above-mentioned rates, namely: taxes on services of any nature (ISSQN) (2%), social integration program (PIS) (0.65%), and contribution to social security financing (COFINS) (3%); The rates above take into account the assignment of 7 profiles for 8 months. If PagSeguro ceases the activities, Compasso UOL shall be notified with 30 days in advance. Upon the end of the effective term, the parties will negotiate the possibility to extend this agreement. DocuSign Envelope ID: AB243C6B-113D-43E6-9C75-AA1FCA1BA3FBaseline from November/21 to June/22   Overtime Rate Employee Profile # of Employees Location Hours/Month Rate/Hour Monthly Investment (Baseline)   Not on call Overtime Hour Night shift

DocuSign Envelope ID: [*****]

(10 pm to 6 am) Night shift overtime Senior D&A Engineer 2 DC [*****] R$ [*****] R$ [*****]   [*****] [*****] [*****] [*****] Full (Pleno) D&A Engineer 4 DC [*****] R$[*****] R$ [*****]   [*****] [*****] [*****] [*****]    Subtotal  R$ [*****]    Commercial Discount [*****]% -R$[*****] Subtotal with commercial discount R$ [*****] Full (Pleno) Agile Master 1 DC 176 R$ [*****] R$[*****]   [*****] [*****] [*****] [*****] Total [*****]  % of Hour Rate Additional Charge on Hour Rate Not on call Overtime Hour Night shift (10 pm to 6 am) Night shift overtime[*****] [*****] [*****] [*****]

DocuSign Envelope ID: [*****]

InvestmentWe present below the business proposal based on the profile of the employees who will be assigned and considered as monthly baseline, as well as the rates for any overtime worked outside the baseline herein contracted:
CONSIDERATIONS: The amounts are presented in Reais; All taxes are included in the above-mentioned rates, namely: taxes on services of any nature (ISSQN) ([*****]), social integration program (PIS) ([*****]), and contribution to social security financing (COFINS) ([*****]); The rates above take into account the assignment of [*****] profiles for [*****] months. If PagSeguro ceases the activities, Compasso UOL shall be notified with [*****] in advance. Upon the end of the effective term, the parties will negotiate the possibility to extend this agreement.Baseline from [*****] to [*****]  Overtime Rate Employee Profile # of Employees Location Hours/Month Rate/Hour Monthly Investment (Baseline)  Not on call Overtime Hour Night shift
(10 pm to 6 am) Night shift overtime Senior D&A Engineer [*****] DC [*****] R$ [*****] R$ [*****] [*****] Full (Pleno) D&A Engineer [*****] DC [*****] R$ [*****] R$ [*****]  [*****] [*****] [*****] [*****]    Subtotal  R$ [*****]        Commercial Discount [*****] -R$ [*****]        Subtotal with commercial discount R$ [*****]     Full (Pleno) Agile Master [*****] DC [*****] R$ [*****] R$[*****]  [*****][*****] [*****] [*****]    Total [*****]        % of Hour Rate Additional Charge on Hour Rate       Not on call Overtime Hour Night shift (10 pm to 6 am) Night shift overtime      [*****] [*****] [*****] [*****]

DocuSign Envelope ID: [*****]

Critical Factors for Success Provision of accesses and VPN for remote access to the project’s environment; Provision of at least 3 environments for Development, Testing and Production of the components needed for the project deliveries; Provision of infrastructure for the creation of automated delivery pipeline; Clarity in methodology used as model for the project conduction; Focal points of the client, who is responsible for facilitating the communication of Compasso UOL squad.

DocuSign Envelope ID: [*****]

Business Conditions  This proposal does not take into consideration the assessment of hours worked per employee; the cost per employee assigned will have a fixed baseline, calculated through the multiplication of the employee’s rate per hour by [*****].      The volume of [*****] monthly hours is used exclusively as a parameter for calculation of the monthly fixed baseline to be charged, by employee assigned, not limiting the employee’s work hours. This means that, for months with regular hours with volume higher than [*****], there will be no additional charges, and months with volume lower than [*****] there will be no discounts;     The billing for the monthly fixed baseline per employee, presented herein, shall be performed monthly by the CNPJ of Compasso Tecnologia Ltda, issuing the Invoice until the fifth ([*****]) business day of the month following the provision of services;     Hours worked outside the regular hours, will be considered overtime and will be additionally charged as provided in this proposal and billed with the regular hours as described in item above;     The availability scheduled as “on-call” will be additionally charged, as provided in the ratecard described in this proposal and billed with the with the regular hours as described in item above;     The periods of absence for reason of vacation or non-allocation of the employee will result in a pro-rata discount in the bill; •    Payment shall be due within [*****] as from the issuance of Invoice;     The rates presented herein are effective for [*****], and they shall be annually adjusted based on the IPCA accumulated for the period. The baseline of R$[*****] will be applied until [*****] and the baseline of R$ [*****] will be applied starting from [*****], as established in the scope;     Logistics expenses for the work of Compasso’s employees (assigned at Compasso UOL’s Delivery Centers), at PagSeguro’s headquarters, shall be borne by the client and billed through a Debit Note issued by Compasso Tecnologia LTDA, following all of PagSeguro’s Expense Policies;     The hardware provided by Compasso UOL to its employees has the following specifications: o    Latitude 5400: Intel(R) Core(TM) i7-8665U CPU @ 1.90GHz [4 core(s) x64] –
512GB – RAM 16GB; or o    Latitude 5410: Intel(R) Core(TM) i7-10610U CPU @ 1.80GHz [4 core(s) x64] – 512GB – RAM 16GB; or o    Latitude 5420: 11th Gen Intel(R) Core(TM) i7-1185G7 @ 3.00GHz [4 core(s) x64] – 512GB – RAM 16GB     The client must point out the specific requirements of the project when the adjustment of hardware is needed. The upgrade shall have its investment covered by the client;     Ratification shall be performed through the execution of a service agreement linked to the master agreement between the parties;     This proposal is effective for [*****] as from its date of issuance.

DocuSign Envelope ID: [*****]

Travel Expenses Allocation of employees involving travel expenses shall always be previously aligned by e-mail authorizing the reallocation and acknowledging the associated expenses; For reimbursement of expenses, the assessment will be carried out after the trip is made and the collection occurs upon report and approval of PagSeguro, following the rules presented below: Meals: on business days, considering the use of the meal voucher for lunch (R$ [*****]), the amount to be reimbursed for dinner will be of R$ [*****]; and for the non-business days, each meal will be reimbursed with R$ [*****] (lunch and dinner). For both situations, where the hotel does not offer breakfast, R$ [*****] will be added to that expense. In case one of the meals does not occur, the amount may be accumulated for the next meal on the same day; Accommodation: Accommodation daily rate must comply with the limits established for all employees of Grupo UOL, which is R$ [*****] for hotels in Brazil; Trips/commuting: for commuting from and to airport, office and hotel, Uber shall be used, which shall be previously registered by a PagSeguro manager requesting the use by third parties.

DocuSign Envelope ID: [*****]

									
	Completion Certificate
		
	Envelope ID: [*****]

	Status: Completed Subject: DocuSign: PagSeguro_Minuta AS61 BU Planejamento Comercial_.docx, PagSeguro - PC Compasso - BU ...
	Source Envelope:		
	Document Pages: 26	Signatures: 6	Envelope Sent by:
	Certificate Pages: 9	Initials: 2	Isabela Paco Riquetto
	AutoNav: Enabled		Av. Brigadeiro Faria Lima, 1.384 
	Enveloped Stamping (ID Stamping): Enabled	SP, 01452-002
	Time Zone: (UTC-08:00) Pacific Time (US & Canada)	[*****]
			Using IP Address: 
			[*****]
			 
	Record Tracking
	Status: Original	Holder: Isabela Paco Riquetto	Location: DocuSign
	12/29/2021 12:03:02 PM	[*****]	
			
	Signer Events	Signature	Timestamp
	Saedio Dias de Souza Filho	
	Sent: 12/29/2021 12:05:55 PM
	[*****]	Viewed: 12/29/2021 2:01:18 PM
	LAWYER	Signed: 12/29/2021 2:01:26 PM
	UNIVERSO ONLINE S.A.		
	Security Level: E-mail, Account	Signature adoption: Signature image loaded	
	Authentication (None)	Using IP Address: [*****]
	
			
	Electronic Record and Signature Disclosure:	
	Not offered via DocuSign	
	Sent: 12/29/2021 2:01:28 PM
		Viewed: 1/3/2022 4:39:23 AM
	Ana Cristina Aoki		Signed: 1/3/2022 4:40:38 AM
	[*****]		
	Security Level: E-mail, Account Authentication (None)	Signature adoption: Drawn on device Using IP 	
		Address: [*****]
	
			
	Electronic Record and Signature Disclosure:	
	Accepted: 12/8/2021 7:23:52 AM	
	Sent: 12/29/2021 2:01:29 PM
	ID: [*****]
	Viewed: 12/30/2021 3:27:16 AM
	Artur Gaulke Schunck	Signature established by: Pre-set style	Signed: 12/30/2021 3:27:20 AM
	[*****]	Using IP Address: [*****]
	
			
	Electronic Record and Signature Disclosure:	

DocuSign Envelope ID: [*****]

									
	Accepted: 5/1/2021 3:19:10 AM	
	Sent: 12/29/2021 2:01:29 PM
	ID: [*****]
	Viewed: 12/30/2021 4:58:18 AM
	Cleyton de Almeida Ferreira 		Signed: 12/30/2021 4:58:29 AM
	[*****]		
	Products Director	Signature adoption: Drawn on device Using IP Address: [*****]
	
	UOL DIVEO	
	Security Level: E-mail, Account Authentication (None)	
			
	Signer Events	Signature	Timestamp
	Cristina Ely	
	Sent: 12/29/2021 2:01:30 PM
	[*****]	Viewed: 12/30/2021 4:02:53 AM
	[*****]		Signed: 12/30/2021 4:03:07 AM
	UOL - UNIVERSO ONLINE S/A	Signature adoption: Pre-selected Style IP Address: [*****]
	
	Security Level: E-mail, Account Authentication (None)	
			
	Electronic Record and Signature Disclosure:	
	Not offered via DocuSign		
			
	Marcelo Ivaldo da Silva 	
	Sent: 12/29/2021 2:01:30 PM
	[*****]	Viewed: 12/31/2021 7:41:01 AM
	Finance Direct		Signed: 12/31/2021 7:41:10 AM
	Finance Director	Signature adoption: Pre-selected Style IP Address: [*****]
	
	Security Level: E-mail, Account Authentication (None)	
			
	Electronic Record and Signature Disclosure:	
	Accepted: 3/7/2018 4:02:50 AM		
	ID: [*****]
		
			
	Renato Bertozzo Duarte 	
	Sent: 12/29/2021 2:01:31 PM
	[*****]	Viewed: 12/29/2021 2:19:55 PM
	HEAD OF UNIVERSO 	Signature adoption: Signature image	Signed: 12/29/2021 2:19:59 PM
	ONLINE LEGAL DEPARTMENT	loaded	
		Using IP Address: [*****]
	
	Security level: E-mail, Account Authentication (none)	Signed using cellphone	
			
	Electronic Record and Signature Disclosure:	
	Not offered via DocuSign		
			
	In Person Signer Events	Signature	Timestamp
			
	Editor Delivery Events	Status	Timestamp

DocuSign Envelope ID: [*****]

									
			
	Agent Delivery Events	Status	Timestamp
			
	Intermediary Delivery Events	Status	Timestamp
			
	Certified Delivery Events	Status	Timestamp
			
	Carbon Copy Events	Status	Timestamp
			
	Raphaela Queiroz da Costa	Copied	Sent: 12/29/2021 2:01:30 PM
	[*****]		
	Security Level: E-mail, Account Authentication (None)		Viewed: 12/30/2021 3:55:42 AM
			
	Electronic Record and Signature Disclosure:
	Accepted: 6/15/2021 4:47:01 AM		
	ID: [*****]
		
			
	Witness Events	Signature	Timestamp
			
	Notary Events	Signature	Timestamp
			
	Envelope Summary Events	Status	Timestamp
	Envelope sent	Hashed/Encrypted	12/29/2021 12:05:55 PM
	Certified delivery	Security checked	12/29/2021 2:19:55 PM
	Signing complete	Security checked	12/29/2021 2:19:59 PM
			
	Envelope Summary Events	Status	Timestamp
	Completed	Security checked	1/3/2022 4:40:38 AM
			
	Payment Events
	Status	Timestamp
			
	Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 12/27/2017 6:27:37 AM
Parties agreed to: Ana Cristina Aoki, Cleyton de Almeida Ferreira, Marcelo Ivaldo da Silva

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From time to time, UOL - UNIVERSO ONLINE S/A may be required by law to provide you with certain written notices or disclosures. Described below are the terms and conditions for us to provide you with such notices and disclosures electronically through the DocuSign, Inc. (DocuSign) electronic signature system. Read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to these terms and conditions, confirm your agreement by clicking the ‘I agree’ button at the bottom of this document.
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Unless you tell us otherwise in accordance with the procedures described herein, we will electronically send you through the DocuSign system all required notices, disclosures, authorizations, acknowledgments, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you using the same method and to the same address you have informed us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, let us know as described below. Also see the paragraph immediately above that describes the consequences if you elect not to receive notices and disclosures electronically from us.
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Electronic Record and Signature Disclosure created on: 02/07/2018 05:43:37 
Parties agreed to: Artur Gaulke Schunck, Raphaela Queiroz da Costa

CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC RECORDS AND SIGNATURE DISCLOSURES
Electronic Record and Signature Disclosure
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If you elect to receive notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and provide services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of receipt of such paper notices or disclosures. To let us know that you are changing your mind, you must withdraw your consent using the DocuSign “Withdraw Consent” form on the signature page of a DocuSign envelope instead of signing it. This will indicate to us that you have withdrawn your consent to receive notices and disclosures electronically from us and you will no longer be able to use the DocuSign system to receive notices and consents electronically from us or to electronically sign documents sent by us.
All notices and disclosures will be sent to you electronically
Unless you tell us otherwise in accordance with the procedures described herein, we will electronically send you through the DocuSign system all required notices, disclosures, authorizations, acknowledgments, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you using the same method and to the same address you have informed us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, let us know as described below. Also see the paragraph immediately above that describes the consequences if you elect not to receive notices and disclosures electronically from us.
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You may contact us to let us know of your changes on how we should contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically, as provided below: To contact us by email send messages to:
To inform of your new e-mail address:
To let us know of a change in your e-mail address to which we should send notices and disclosures electronically to you, you must send us an e-mail and provide: your previous e-mail address and your new e-mail address. We do not require any other information from you to change your e-mail address.
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To request us to send you paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an e-mail and provide: your e-mail address, full name, Brazil Postal address, and telephone number. We will charge you for the amount of the copies, if applicable.

To withdraw your consent to us:
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Exhibit 4.41
CORRESPONDENT BANK AGREEMENT
						
		PRINCIPAL
		SOCINAL S.A. - CRÉDITO, FINANCIAMENTO E INVESTIMENTO, financial institution duly incorporated and validly existing pursuant to the Brazilian laws, headquartered in the City of Araruama, State of Rio de Janeiro, at Av. John Kennedy n. 150, sala 241, Centro, CEP 28979-123, enrolled with the Corporate Taxpayer’s Registry (“CNPJ/MF”) under No.  03.881.423/0001-56, herein represented by its undersigned legal representatives (“SOCINAL” or “PRINCIPAL”); 

		CORRESPONDENT
		PAGSEGURO INTERNET S.A., duly enrolled with the CNPJ under No. 08.561.701/0001--01, headquartered in the city of São Paulo, State of São Paulo, at Av. Brigadeiro  Faria Lima, no 1.384, 4o andar, CEP 01451-001, herein represented pursuant to its Bylaws (“CORRESPONDENT”)  
CORRESPONDENT

The parties qualified above (“Parties”), by this instrument and in the best form of law, enter into this Correspondent Service Agreement (“Agreement”), upon the following clauses and conditions mutually granted and accepted, by themselves and their successors on any account.
1- PURPOSE
1.1.The purpose of this Agreement is the provision of services by the CORRESPONDENT, under the guidelines established by the National Monetary Council, pursuant to article 2 of Resolution 3954/2011, performing activities of support, aiming the provision, to the PRINCIPAL’s customers and users (“Customer(s)”), for the following services and products: (i) receipt and routing of transaction offers of (a) loan transactions (“Loan Transactions”) and (b) financing and/or leasing transactions (“Financing Transactions/AM”), both are considered transactions by article 8, item V of Resolution 3954/2011 and jointly referred to as “Products”, (ii) supplementary services of collection of registration information and documentation, as well as data processing and control; and
(iii) any other services and products offered by the PRINCIPAL that may be agreed by the Parties.
1.2.The CORRESPONDENT may fully or partially delegate this Agreement, on a single level, upon the express consent of the PRINCIPAL.
1.2.1.In the event of delegation, all rights and obligations arising from this Agreement must be applicable to the subagent, and the CORRESPONDENT must execute a Delegation Agreement.
1.3.The Delegation Agreement referred in item 1.2.1 above shall be also signed by the PRINCIPAL, as intervening consenting party.
1.4.The specific conditions of the service provision will be handled by formal agreement, which upon execution by the Parties shall be an integral part of this document, upon dated and numbered exhibits (“Exhibit”).
2- CORRESPONDENT’S RESPONSIBILITIES
2.1.The CORRESPONDENT’s responsibilities are as follows:
2.1.1.To disclose to the public its condition as service provider for the PRINCIPAL, identified by its commercial name, with description of the Products and services offered and the PRINCIPAL’s support service and ombudsman telephone number, at the homepage of its online platform, and in other forms if required for public clarification;
2.1.2.To perform financial settlements with the PRINCIPAL, at most, every two business days;

			
	

2.1.3.To exclusively use the standards, operational norms and charts established by the PRINCIPAL, including at the proposition or application of fees, interest rates, calculation of the Total Actual Cost (CET) and any amounts calculated or due by the Customer, arising from the PRINCIPAL’s Products and procurement services;
2.1.4.To provide support to Customers in relation to demands involving questions, collection of documents, releases, complaints and other matters concerning the Products and services provided, which shall be immediately forwarded to the PRINCIPAL if they are not solved by the CORRESPONDENT within the term established by regulation in force;
2.1.5.To allow the Brazilian Central Bank to access the agreements entered into within the regulation of correspondents in force in Brazil, the documentation and information related to the Products and services provided, as well as to its facilities and the relevant documents with respect to corporate acts, records, registration and licenses required by law;
2.1.6.To comply with the support quality control plan established and disclosed by the PRINCIPAL, which considers, among other factors, the demands and complaints of the Customers, as well as the administrative measures to be adopted by the PRINCIPAL if any breach or non-compliance with the established standards is verified, including the possibility of interruption of the support provided to the public and the early termination of this Agreement in the events deemed as critical by the PRINCIPAL.
2.1.7.To present to the Customer, during the support provided to Loan and Financing/AM Transactions related to goods and services provided by the CORRESPONDENT, the plans offered by the PRINCIPAL and other financial institutions to which it provides the services subject matter hereof;
2.1.8.To ensure the use of badge by the members of its team that provides support to the Loan and Financing/AM Transactions, visibly showing to the Customer the members’ title, name and Individual Registry Number (CPF), if applicable;
2.1.9.To submit the identification of the CORRESPONDENT’s team member, including their name and CPF number, attached to the documentation to be submitted to the PRINCIPAL for the decision on the approval of the transaction claimed, specifying (a) for transactions related to goods and services provided by the CORRESPONDENT, the identification of the certified person, who is responsible, before the PRINCIPAL, for the support provided where the loan offer forwarded to the PRINCIPAL was collected; and (b) for other transactions, the identification of the certified person who carried out the support with the PRINCIPAL’s Customer;
2.1.10.To ensure that the team members providing support to Loan and Financing/AM Transactions are qualified by a certification test organized by entity renowned for its technical capacity, covering at least the technical aspects of the transactions, applicable regulation, Consumer Protection Code, ethics and ombudsman;
(i)For the CORRESPONDENT and provider of leased or financed goods and services, the certification of one person per point of support is accepted, person who shall be responsible, before the PRINCIPAL, for the support provided to the Customers.
(ii)The CORRESPONDENT must keep all of its team members mentioned in the head of the article, which is continuously updated, registered. Including all data on the certification process, with unrestricted access for consultation by the PRINCIPALS at any time.
2.1.11.To perform, on behalf of and as ordered by the PRINCIPAL, the release of funds to the beneficiary, for personal loan, or to the supply company, for financing or lease, provided that the total amount of payments, on a daily basis, will be the same as the amount of the funds received by the PRINCIPAL for said purpose;
2.1.12.To act on behalf and under the guidelines of the PRINCIPAL, ensuring the integrity, reliability, security and confidentiality of the transactions performed, as well as the compliance with laws and regulations concerning those transaction;
2.1.13.Before execution of the loan, financing and/or lease, to present to the Customer detailed information on the Total Actual Cost - CET of the transaction to be performed, through a spreadsheet breaking down all calculations;

			
	

2.1.14.To provide the expert workforce required to perform and supervise the services subject matter hereof;
2.1.15.To submit all documentation required to formalize the Products to the PRINCIPAL, including registration form, and being responsible for the accurate filling. 
2.1.16.To be liable for acts performed by its team and any damages caused by its team, whether to the PRINCIPAL or its Customers.
2.1.17.To be liable before the PRINCIPAL and reimburse the PRINCIPAL for all and any losses, damages, penalties and expenses (including attorneys’ fees and judicial costs and deposits) arising from any claim, complaint, demand, lawsuit or administrative proceeding filed by third parties against the PRINCIPAL, plus legal interests and adjustment to inflation, from the disbursement by the PRINCIPAL until the actual reimbursement by the CORRESPONDENT, due to act, omission, negligence or unskillfulness, duly proven, of the CORRESPONDENT and/or subagents, including errors in the filling of registration forms and remittance to the PRINCIPAL and other documents in relation to the services provided by the CORRESPONDENT hereunder;
2.1.18.To remedy any non-compliance in the formalization of the transactions as soon as it is detected within ten (10) business days. If the non-compliance is not remedied within the term established above, the CORRESPONDENT shall be subject to having the payment of its compensation interrupted until said remediation is performed, without prejudice to other applicable legal and contractual fines, as well as to reimburse the PRINCIPAL with the full amount of the transaction performed if the non-compliance is not remedied, without prejudice to the application of any fines provided by law;
2.1.19.To assemble a structure allowing for the promotion and offering of the PRINCIPAL’s Products, and to use its best efforts to develop and ensure good level of acquisition of prospects;
2.1.20.To be liable for the proper use of codes and passwords to access the systems provided by the PRINCIPAL for the performance of the services subject matter of the Agreement, undertaking to not transfer them to third parties and keep them in confidentiality, as all other information obtained from said systems.
2.1.21.To allow the PRINCIPAL to access, directly or using hired third parties, its facilities and documents related to the services provided in the Agreement, whenever requested at least [*****] days in advance, and such permission does not exempt the CORRESPONDENT from complying with its obligations;
2.1.22.To inform the PRINCIPAL in writing about any modification to its corporate structure resulting in changes to its shareholding control, and submitting the relevant documents if requested by the PRINCIPAL.
2.2.Considering that the provision of services is restricted to the provisions herein, the CORRESPONDENT is hereby expressly and strictly forbidden, on its own account or on the account of its team, from practicing the following acts:
2.2.1.To use physical or virtual facilities with architecture setting, logo and indicative signs similar to the ones adopted by the PRINCIPAL;
2.2.2.To issue notes or bonds, to its favor, related to the transactions performed or to perform the collection, on any account, of amount related to the Products and services provided by the PRINCIPAL;
2.2.3.To perform the advanced payment to the Customer for the funds to be released by the PRINCIPAL;
2.2.4.To provide any type of guarantee, including joint obligation, in the transactions subject matter hereof;
2.2.5.To promote any type or form of advertisement of the Products, without the prior and express consent from the PRINCIPAL;
2.2.6.To condition the provision of the services or the offering of Products to any other products, whether they are owned by the PRINCIPAL or not;
2.2.7.To disclose, reveal, reproduce or inform third parties about any data, material, information, document, technical, business or scientific specifications, and innovation or improvement known by reason of this 

			
	

Agreement, undertaking to use the received information exclusively for the performance of the activity herein agreed during and after the effectiveness of this Agreement; and
2.2.8.To receive any type of judicial or extrajudicial letter, notice, summons on behalf of the PRINCIPAL.
2.2.9.Whenever requested by the PRINCIPAL, the CORRESPONDENT undertakes to provide any information and/or documents proving the good standing of the activities performed, particularly concerning the compliance with the obligations subject matter hereof.
3 - PRINCIPAL’S RESPONSIBILITIES
3.1.The PRINCIPAL’s responsibilities are as follows:
3.1.1.To release funds from the transactions into the current account or payment account held by the Customer for loans, or held by the merchant/service provider for financing and leasing;
3.1.2.To provide the CORRESPONDENT with all the proper technical documentation and information, as well as to keep a permanent communication channel in order to clarify all questions about its Products, pursuant to regulation in force;
3.1.3.To suggest or restrict its Product line for the CORRESPONDENT’s operation, upon written notice, pursuant to item 6.4;
3.1.4.To establish the quality control plan to the services provided herein, which shall guide the performance of the CORRESPONDENT, including, among other factors, meeting the Customer’s requirements and providing support to the Customer’s complaints;
3.1.5.To analyze the offers concerning the Products, within the best technical standards;
3.1.6.To define the charges applicable to the Products, such as interest rates, index for any monetary adjustment, fees and conditions of the transactions, providing the CORRESPONDENT with the charts for calculation of the installments and amortization or settlement of the debt, for Customer’s information and assessment.
3.1.7.To fully undertake the responsibility for the services provided by the CORRESPONDENT, including in the event of delegation of the Agreement. This provision refers to the PRINCIPAL’s responsibilities before third parties, and it does not hold the CORRESPONDENT harmless from its responsibilities with the PRINCIPAL; and
3.1.8.To notify the CORRESPONDENT about any change to the bank regulation concerning Correspondents in Brazil.
4 – COMPENSATION
4.1.The CORRESPONDENT’s compensation shall be calculated according to the types of Product offered by the CORRESPONDENT, pursuant to this item 4.
4.2.Credit Transactions. The compensation of the CORRESPONDENT, who will, on behalf of the PRINCIPAL, offer Loan Transactions, shall be equivalent to a percentage levied on the amount of the loan that was actually released by the PRINCIPAL, provided that such percentage is previously informed to the CORRESPONDENT and confirmed in daily reports submitted by the PRINCIPAL to the CORRESPONDENT, pursuant to item 6.4.
4.2.1.Compensation payment shall comply with the rules of CMN Resolution No. 3.954 and its subsequent amendments, as follows: a) at the transaction hire: payment at sight, related to the efforts used to win the customer when of the origination of the transaction; and b) throughout the operation: pro-rata payment throughout the agreement, concerning other services provided after the origination.
4.1.1.1.With regard to the provisions in item 4.2.1., sub-item “a”, the amount paid at the transaction hire shall represent: at most [*****]%)of the amount of the submitted, renegotiated or renewed Loan Transaction.

			
	

Paragraph Two: In the event of cancellation of a Loan Transaction, the CORRESPONDENT shall return to the PRINCIPAL the compensation amount that was received and hereby authorizes the PRINCIPAL to proceed with the deduction of the relevant amount from the future compensation. Paragraph Three: Other events where payment of the compensation mentioned in sub-item “b” of item 4.2.1 above may be ceased shall be agreed between the parties and formalized pursuant to item 6.4.
4.3.The compensation shall be paid within [*****] days from the formalization of the Loan Transaction, upon credit in the current account held by the CORRESPONDENT, and its information shall be provided pursuant to item 6.4, upon the submission of service invoice, bill or receipt (“Tax Documents”) with respect to the services provided by the CORRESPONDENT.
4.3.1 If the receipt is submitted, in addition to the amounts charged, it shall include at least the description of the parties and the reason of issuance, and it shall not replace the Invoice when applicable local legislation requires said document.
4.3.2.The issuance of Tax Documents by the CORRESPONDENT shall confirm its consent to the amounts due by the PRINCIPAL as compensation for the services provided, and no additional amounts shall be claimed in the reference period included in the Tax Documents.
4.3.3.Until the actual delivery of the Tax Documents’ original counterparts to the PRINCIPAL, with reference to item 4.3, which shall within the date pre-established by the PRINCIPAL and subsequent to the date when the Loan Transactions were processed, the CORRESPONDENT represents to be aware of and to agree with its condition as trustee of such tax documents, pursuant to legislation in force.
4.3.4 If the CORRESPONDENT does not perform the obligation provided in item 4.3.3, the PRINCIPAL may interrupt future payment of compensation, resuming it only after the provision in that item is performed.
4.3.5.The wire transfer receipt is valid as proof of full, general and unrestricted discharge, and no other charge may be claimed, on any account, in relation to the purpose hereof.
4.3.6.The CORRESPONDENT shall reimburse the PRINCIPAL for the amounts paid as compensation related to Loan Transactions of financing or lease agreements that have been canceled due to (i) the exercise of the waiver right by the Customer; or (ii) the annulment of the purchase and sale agreement; or (iii) the impossibility of disposal or lease of the good in favor of the PRINCIPAL; or (iv) any other type of contractual defect resulting in its termination. 
4.4.The issuance of invoice to the PRINCIPAL shall comply with the following rules, as applicable:
(i)for services provided in the city of São Paulo by companies headquartered in other city shall inform in the body of the invoice, together with the description of the service, their registration number with the City of São Paulo Registry (Municipal Decree No. 46.598 - São Paulo). If the issuer of the invoice is not registered, the amount equivalent to the ISS (Taxes on Services) and its collection to the Public Administration of the city of São Paulo shall be withheld at source.
(ii)for services provided outside the city of São Paulo, invoices shall be issued to the branch where the service was provided, subject to the procedures described in item (1);
(iii)for services provided in the city of São Paulo headquartered in the same city, there will be no specification for the issuance of the invoice.
4.5.The CORRESPONDENT must be enrolled with tax regime suitable to the provision of the services subject matter hereof and the taxes collection shall occur pursuant to legislation in force.
5 – EFFECTIVENESS
5.1.This Agreement becomes effective on the date of its execution, and shall remain in full force for [*****] months. The Term may be extended upon amendment duly executed by the Parties.

			
	

5.2.Any of the Parties may lawfully terminate this agreement, without prior written notice, in the event of adjudication of bankruptcy, filing of judicial recovery, judicial or extrajudicial liquidation of the other Party (or also intervention or submission to the Temporary Management System - RAET, by the Brazilian Central Bank), as well as in the event of new supervening laws and/or regulation, acts of God or events of force majeure lasting over [*****] days and which may hinder the provision of services.
5.3.The Parties may also terminate this Agreement, without cause, upon prior notice submitted [*****] days in advance. In that case, the obligations and rights arising from this Agreement shall remain in force until the actual terminal.
5.4.Whenever the reason of termination or rescission hereof allows, the Parties hereby agree to jointly and in good faith establish and implement a transition plan, and its execution shall have the guarantee of compliance with all active services and conditions, in order to mitigate the negative impacts on the transaction subject matter hereof.  The transition plan shall have the maximum period of [*****] days from the termination or rescission hereof.
5.5.During the execution of the transition plan, each of the Parties shall fully comply with and perform all activities assigned and all the rights guaranteed during the regular provision of services, and no reduction to the activity and/or right will be allowed.
6 – GENERAL PROVISIONS
6.1.For the performance of its duties, the CORRESPONDENT represents and acknowledges that:
(i)the PRINCIPAL, at the execution or extension of this Agreement, must verify if there are any facts, at its discretion, that would discredit the CORRESPONDENT or its managers, setting preventive or remedial measures to be adopted in the event of confirmation, at any time, of such facts, including the interruption of the support provided to the public and termination hereof;
(ii)the performance, on its account, of transactions considered exclusive of financial institutions or other transactions prohibited by legislation in force, shall subject the CORRESPONDENT to the penalties provided in Laws No. 4.595 and No. 7.492/86;
(iii)it will comply with the provisions set forth by legislation in force, with respect to bank confidentiality and security, as well as with to prevent and fight activities related to the crimes provided in Law No. 9.613, of 03/03/1998, pursuant to Article 3 of Circular No. 2.987, of 04/19/2000 and its amendments;
(iv)the PRINCIPAL, within the term set forth by rules governing the activity of correspondent in Brazil, shall provide on its website, by e-mail or any other means that may be required by the Brazilian Central Bank and/or the National Monetary Council, its identification as company hired to provide the services subject matter hereof, including the following information:  corporate name, doing business as (if any), headquarters’ address, CNPJ/MF number and the activities performed by the CORRESPONDENT provided herein; and
(v)it is a company duly incorporated pursuant to the Brazilian legislation and regulation by the Brazilian Central Bank and/or the National Monetary Council governing the activities of correspondent in Brazil;
(vi)it acknowledges all terms of Law 12.846, of August 1, 2013, and that it does not perform, and it will not perform, as well as it warrants that its employees and representatives do not practice, and they will not perform, the conducts provided therein; it adopts internal mechanisms and procedures related to integrity, audit and incentive of whistleblowing irregularities and conducts described in said legislation. 
6.1.1. Measures mentioned in item 6.1(i) may be adopted by the PRINCIPAL or by the Brazilian Central Bank, and said agency may establish procedures to be added to the controls provided in item 6.1(i). Also, as an alternative and on cumulative basis, the Brazilian Central Bank may: (a) determine the adoption of additional procedures and controls, establishing a term for their implementation, if the control performed by the PRINCIPAL over the CORRESPONDENT is proven to be improper; and/or (b) recommend the interruption of the support provided to the public or the termination of this Agreement.

			
	

6.2.The CORRESPONDENT shall keep a formalized relationship, upon employment or other type of contractual bond, with the individuals members of its team, involved in the performance of this Agreement.
6.2.1.The CORRESPONDENT acknowledges that there is no employment bond between the persons described in the item above and the PRINCIPAL. The CORRESPONDENT must, exclusively and on its own account, bear any and all expenses, charges or legal obligations related to any labor, social security, tax, civil or any other legal nature, even if not pecuniary. Such liability shall survive the recognition of employment bond of any of its workers with the PRINCIPAL and/or companies under the same economic group.  Moreover, the PRINCIPAL acknowledges that there is no employment bond between its employees and the CORRESPONDENT, undertaking the same obligations as to its employees.
6.2.2.The PRINCIPAL must notify the CORRESPONDENT on any actions filed by the CORRESPONDENT’s personnel, if the action has been filed exclusively against the PRINCIPAL, and the CORRESPONDENT undertakes to provide all necessary documents for the PRINCIPAL’s defense. Moreover, the CORRESPONDENT must notify the PRINCIPAL on any actions filed by the PRINCIPAL’s personnel, if the action has been filed exclusively against the CORRESPONDENT, and the PRINCIPAL undertakes to provide all necessary documents for the CORRESPONDENT’s defense. The notice to inform the fact mentioned in this section, whenever possible, shall occur within five (5) business days before the hearing.
6.2.3.Any amounts disbursed or deposited by the PRINCIPAL related to such court actions, for defense, appeal or to execute the award, are hereby acknowledged by the CORRESPONDENT as its own net, indisputable and enforceable debt for all legal purposes and effects. For that reason, the CORRESPONDENT undertakes to reimburse the PRINCIPAL for said amounts that have been provenly disbursed, within five (5) days after the notice. For deposits reimbursed by the CORRESPONDENT, in the event of full or partial recovery, the PRINCIPAL shall pay the recovered amount to the CORRESPONDENT. Moreover, if any of the PRINCIPAL’s employee files any labor claim against the CORRESPONDENT, with reference to this Agreement, the amounts disbursed or deposited by the CORRESPONDENT related to such court actions, for defense, appeal or to execute the award, are hereby acknowledged by the PRINCIPAL as its own net, indisputable and enforceable debt for all legal purposes and effects. For that reason, the PRINCIPAL undertakes to reimburse the CORRESPONDENT for said amounts that have been provenly disbursed, within five (5) days after the notice.
For deposits reimbursed by the CORRESPONDENT, in the event of full or partial recovery, the PRINCIPAL shall pay the recovered amount to the PRINCIPAL.
6.3. The Parties hereby choose the e-mail as main form of communication for:
(i) qualification/authorization to act on a certain Product and service; (ii) bank information to credit the amounts arising from the Loan Transaction; and (iii) other material information for the performance of this Agreement.
6.3.1. Messages submitted by the PRINCIPAL originated from the e-mail addresses with the domain “@socinal.com.br” to the e-mail address(es) indicated by the CORRESPONDENT for the purpose set forth in this item shall be deemed received and accepted after the submission, becoming an integral part of this Agreement as exhibit. As evidence, those messages must be printed and attached to the Agreement, as an integral part of it.
6.4.Any changes to the Agreement must be formalized in writing and signed by all Parties referred in the preamble, under penalty of being void by operation of law.
6.5.The collection of information by illegal means, such as purchase of direct mail or any other form available in the market, with the purpose of offering the PRINCIPAL’s Products is prohibited, and the CORRESPONDENT and its team are responsible for preventing such practice.
6.6.The Parties represent to not employ individuals under eighteen years of age at nights, in harmful or hazardous work, and they do not employ individuals under sixteen years of age, except as apprentice, starting from the age of fourteen, pursuant to Article 7, XXXIII of the Brazilian Constitution.
6.7.This Agreement shall prevail and supersede any oral or written negotiation, obligation or agreement between the Parties before the date hereof, with purpose similar to the one herein. The Parties grant full, public, general, unchangeable and irrevocable release to the subsequent amendments, at any time and on any account.

			
	

6.8.This instrument shall be governed by the norms published by the National Monetary Council, particularly the Resolution No. 3.954 of 02/24/2011 and its amendments, with its terms fully applicable to the Parties, even if they are not transcribed herein. In the event of any conflict between the provisions herein and the provisions in the Partnership Agreement executed between the PARTIES on [******] (“Partnership Agreement”), the provisions in the Partnership Agreement shall prevail.
The Parties hereby elect the courts Central of the judicial district of São Paulo, State of São Paulo to settle any disputes arising out hereof.
IN WITNESS WHEREOF, the Parties have executed this Agreement in two (2) counterparts, same in form and content, in the presence of two undersigned witnesses.

São Paulo, December 13, 2021.

						
	[signature]	[signature]
	SOCINAL S/A – CRÉDITO, FINANCIAMENTO E INVESTIMENTO
		
	[signature]	[signature]
	PAGSEGURO INTERNET S.A.

																					
	Witnesses:						
			[signature]			[signature]	
		Name:	Cesar Moretti de Souza		Name:	Anderson Ramos Viana	
		CPF:			CPF:

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