Company: NTCL
Filing Date: 2025-04-02
Form Type: S-8
Source: 0001104659-25-031242
Chunk: 3

Company: NetClass Technology Inc
Filing Date: 2025-04-02
Form: S-8
Chunk 3
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Cayman
Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification
of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy,
such as to provide indemnification against civil fraud or the consequences of committing a crime.

Our
amended and restated memorandum and articles of association provide that every director, alternate director or officer shall be indemnified
out of the assets of the Company against any liability incurred by him as a result of any act or failure to act in carrying out his functions
other than such liability (if any) that he may incur by his own actual fraud or wilful default. No such director, alternate director or
officer shall be liable to the Company for any loss or damage in carrying out his functions unless that liability arises through the actual
fraud or wilful default of such director or officer.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing
provisions, we have been informed that in the opinion of the Commission, such indemnification is against public policy as expressed in
the Securities Act and is therefore unenforceable.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

Reference is hereby made to
the Exhibit Index, which is incorporated herein by reference.

Item 9. Undertakings.

A. The undersigned Registrant
hereby undertakes:

(1) To file, during any period
in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(a) To include
any prospectus required by Section 10(a)(3) of the Securities Act;

(b) To reflect in the prospectus
any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and

(c) To include any material
information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to
such information in this Registration Statement;

provided, however,
that paragraphs (1)(a) and (1)(b) above do not apply if the information required to be included in a post- effective amendment by those
paragraphs is contained in reports filed with or furnished to the