Company: DKI
Filing Date: 2025-08-11
Form Type: 424B4
Source: 0001641172-25-022921
Chunk: 178

Company: DarkIris Inc.
Filing Date: 2025-08-11
Form: 424B4
Chunk 178
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 company acts or proposes to act illegally or ultra vires and is therefore incapable of ratification 
 by the shareholders;                                                                                |

| ● | the                                                                                       
 act complained of, although not ultra vires, could only be effected duly if authorized by 
 more than a simple majority vote that has not been obtained; and                          |

| ● | those                                                               
 who control the company are perpetrating a “fraud on the minority.” |

Indemnification of Directors and Executive Officers and Limitation of Liability. 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 second amended and restated memorandum and articles of association provide thatto
the extent permitted by law, we shall indemnify each existing or former director (including alternate director), secretary and other
officer of us (including an investment adviser or an administrator or liquidator) and their personal representatives against:

| (a) | all                                                                                               
 actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or        
 sustained by the existing or former director (including alternate director), secretary or         
 officer in or about the conduct of our business or affairs or in the execution or discharge       
 of the existing or former director’s (including alternate director’s), secretary’s                
 or officer’s duties, powers, authorities or discretions; and                                      |
| (b) | without                                                                                           
 limitation to paragraph (a), all costs, expenses, losses or liabilities incurred by the existing  
 or former director (including alternate director), secretary or officer in defending (whether     
 successfully or otherwise) any civil, criminal, administrative or investigative proceedings       
 (whether threatened, pending or completed) concerning us or our affairs in any court or tribunal, 
 whether in the Cayman Islands or elsewhere.                                                       |

No such existing or former director (including
alternate director), secretary or officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

To the extent permitted by the Companies Act,
we may make a payment, or agree to make a payment, whether by way of advance, loan or otherwise, for any legal costs incurred by an existing
or former director (including alternate director), secretary or officer of the Company in respect of any matter identified in above on
condition that