Exhibit 99.3
Execution Version
June 7, 2021
SBLA Holdco LLC
600 Brickell Avenue, Suite 2650
Miami, Florida 33131
Attention: SBLA Legal
Email: SBLA-Legal@softbank.com
Nicolau Carvalho Esteves
Rosângela de Oliveira Tavares Esteves
Alameda do Morro, nº 85, Edifício Zeus, apto. 500, Vila da Serra
Nova Lima/MG, CEP 34000-000
nicolauesteves@nreeducacional.com.br
renatoesteves@nreeducacional.com.br
Dear Sirs and Mesdames:
Reference is made to the letter agreement dated May 3, 2021, by and among Nicolau Carvalho Esteves and Rosangela de Oliveira Tavares Esteves (together, the “Esteves Family”), Crescera Educacional II Fundo de Investimento em Participações Multiestratégia (“Crescera”) and SBLA Holdco LLC (the “Letter Agreement”).
On this date, Crescera and Erste WV Gütersloh GmbH, a wholly owned subsidiary of Bertelsmann SE & Co. KGaA (“Assignee”), entered into with a certain purchase and sale agreement (the “SPA”) pursuant to which Crescera agreed to transfer to Erste WV Gütersloh GmbH 23,074,134 Class B common shares, par value US$0.00005 per share, issued by Afya Limited, subject to the satisfaction or waiver or certain conditions described in the SPA. Subject to the satisfaction of the conditions described in the following paragraph, Crescera hereby assigns and transfers to the Assignee, and the Assignee hereby assumes and agrees to comply with, all the obligations of Crescera under the Letter Agreement.
The effectiveness of this assignment agreement is conditioned upon (i) completion of the transaction described in the SPA and (ii) acceptance by SBLA and the Esteves Family. Upon effectiveness of this assignment agreement, the Letter Agreement shall be deemed novated, and Crescera shall be released from any and all duties, rights, claims, obligations, loss, cost, liability or expense arising out of or related to the Letter Agreement.
[Signature Pages Follow]
IN WITNESS WHEREOF, the parties hereto have executed this assignment agreement on the date first above written.
Crescera Educacional II Fundo de Investimento em Participações Multiestratégia | |||
By: /s/ Laura Guaraná Carvalho | |||
Name: | Laura Guaraná Carvalho | ||
Title: | Diretora |
By: /s/ Daniel Arthur Borghi | |||
Name: | Daniel Arthur Borghi | ||
Title: | Diretor |
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IN WITNESS WHEREOF, the parties hereto have executed this assignment agreement on the date first above written.
Assignee: | |||
BERTELSMANN SE & Co. KGaA | |||
By: /s/ Jörn Caumanns | |||
Name: | Jörn Caumanns | ||
Title: | EVP M&A |
By: /s/ Denise Abel | |||
Name: | Denise Abel | ||
Title: | SVP Corporate Legal |
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Accepted and acknowledged:
/s/ Nicolau Carvalho Esteves NICOLAU CARVALHO ESTEVES | |
/s/ Rosângela de Oliveira Tavares Esteves ROSÂNGELA DE OLIVEIRA TAVARES ESTEVES |
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Accepted and acknowledged:
SBLA HOLDCO LLC | |||
By: /s/ Chris Cooper | |||
Name: | Chris Cooper | ||
Title: |
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