Re: Extension of Joint Bidding AgreementJoint Bidding Agreement • May 1st, 2023 • Brasil De Sa Cavalcante Oto • Services-educational services
Reference is made to that certain Joint Bidding Agreement (the “Agreement”), dated as of November 30, 2022, by and among (i) General Atlantic L.P. (“General Atlantic”), as advisor to its affiliated investment funds, (ii) Dragoneer Investment Group, LLC (“Dragoneer” and, together with General Atlantic, the “Sponsors”), as advisor to its affiliated investment funds, and (iii) Oto Brasil de Sá Cavalcante and Ari de Sá Cavalcante Neto (collectively, the “Founders” and, together with the Sponsors, the “Parties”). As the Agreement is due to expire by its terms on May 29, 2023, the Parties desire to amend the Agreement (this “Amendment”) to provide that the term of the Agreement as set forth therein be extended for at least 30 days after such date (i.e., until June 28, 2023) and, thereafter, such term shall be extended automatically for successive 30-day periods unless otherwise terminated as provided therein. Accordingly, the Parties hereby amend and restate Section 8(a) of the Agreement as
