Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 131

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 131
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 for a proper purpose and for what they believe in good faith to be in the best interests of our company.

Exempted Company.We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except that an exempted company:

| ● | is                                                                                                                                       
 a company that conducts its business mainly outside the Cayman Islands;                                                                  |
| ● | is                                                                                                                                       
 prohibited from trading in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the exempted 
 company carried on outside the Cayman Islands (and for this purpose can effect and conclude contracts in the Cayman Islands and exercise 
 in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman Islands);                       |

| 88 |

| ● | is                                                                                                                                 
 not required to open its register of members for inspection by shareholders of that company;                                       |
| ● | does                                                                                                                               
 not have to hold an annual general meeting;                                                                                        |
| ● | may                                                                                                                                
 not issue negotiable or bearer shares but may issue shares with no par value;                                                      |
| ● | may                                                                                                                                
 obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first 
 instance);                                                                                                                         |
| ● | may                                                                                                                                
 register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                 |
| ● | may                                                                                                                                
 register as an exempted limited duration company; and                                                                              |
| ● | may                                                                                                                                
 register as a segregated portfolio company.                                                                                        |

“Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

Differences in Corporate Law

The Companies Act is derived, to a large extent, from the older Companies Acts of England and Wales but does not follow recent English statutory enactments and, accordingly, there are significant differences between the Companies Act and the current Companies Act of the United Kingdom. In addition, the Companies