Company: SOS
Filing Date: 2025-06-25
Form Type: F-3/A
Source: 0001213900-25-057886
Chunk: 68

Company: SOS Ltd
Filing Date: 2025-06-25
Form: F-3/A
Chunk 68
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 not agreed between the parties, will be determined by the Cayman Islands court) upon dissenting to the merger or consolidation; provided
that the dissenting shareholder complies strictly with the procedures set out in the Companies Act. The exercise of dissenter rights will
preclude the exercise by the dissenting shareholder of any other rights to which he or she might otherwise be entitled by virtue of holding
shares, save for the right to seek relief on the grounds that the merger or consolidation is void or unlawful.

Separate from the statutory provisions relating
to mergers and consolidations, the Companies Act also contains statutory provisions that facilitate the reconstruction and amalgamation
of companies by way of schemes of arrangement; provided that the arrangement is approved by (a) 75% in value of the shareholders
or class of shareholders, or (b) a majority in number representing 75% in value of the creditors or class of creditors, as the case may
be, that are present and voting either in person or by proxy at a meeting, or meetings, convened for that purpose. The convening of the
meetings and subsequently the arrangement must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder
has the right to express to the court the view that the transaction ought not to be approved, the court can be expected to approve the
arrangement if it determines that:

| ● | the statutory provisions as to the required majority vote have been met; |

| ● | the shareholders have been fairly represented at the meeting in question and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of the class; |

| ● | the arrangement is such that may be reasonably approved by an intelligent and honest man of that class acting in respect of his interest; and |

| ● | the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act. |

The Companies Act also contains a statutory power
of compulsory acquisition, which may facilitate the “squeeze out” of dissentient minority shareholders upon a tender offer.
When a tender offer is made and accepted by holders of 90.0% of the shares affected within four months, the offeror may, within a two-month
period commencing on the expiration of such four-month period, require the holders of the remaining shares to transfer such shares to
the offeror on the terms of the offer. An objection can be made to the Grand Court of the Cayman Islands but this is unlikely to