Company: STAK
Filing Date: 2025-02-05
Form Type: F-1/A
Source: 0001493152-25-004924
Chunk: 2

Company: STAK Inc.
Filing Date: 2025-02-05
Form: F-1/A
Chunk 2
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 against civil fraud or the consequences of committing a crime, or against the indemnified person’s own fraud or dishonesty. Our articles of association provide to the extent permitted by Cayman Islands law, we shall indemnify each existing or former secretary, director (including alternate director), and any of our other officers (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 (including alternate director), secretary’s or officer’s duties, powers, authorities                  
 or discretions; and                                                                                                                      |
| (b) | without                                                                                                                                  
 limitation to paragraph (a) above, 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 any of our officers in respect of any matter identified in above on condition that the director (including alternate director), secretary or officer must repay the amount paid by us to the extent that it is ultimately found not liable to indemnify the director (including alternate director), the secretary or that officer for those legal costs.

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

Item 7. Recent Sales of Unregistered Securities.

In May 2023, the Company issued 50,000 Ordinary Shares to the following founding shareholders at par value ($1 per share) for a total consideration of $50,000.