Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 263

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 263
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 amended and restated memorandum and articles
of association will contain certain requirements and restrictions relating to this offering that will apply to us until the completion
of our initial business combination. These provisions cannot be amended without an ordinary resolution. As a matter of British Virgin
Islands law, a ordinary resolution is a resolution that (i) has been passed by a majority of in excess of 50 percent of the votes (or
any higher threshold specified in a company’s articles of association) of such of a company’s shareholders as, being entitled
to do so, vote in person or, where proxies are allowed, by proxy at a general meeting for which notice has been given; or (ii) if so authorized
by a company’s articles of association, has been approved by a written resolution of in excess of 50 percent of the votes of the
company’s shareholders who are entitled to vote on such matter (or such lower threshold as may be allowed under the Companies Law
from time to time), but if any such resolution is adopted otherwise than by the unanimous written consent of all shareholders, a copy
of such resolution shall as soon as reasonably practicable be sent to all shareholders not consenting to such resolution. The amended
and restated memorandum and articles of association of the Company will require that resolutions put to the vote of a meeting may be decided
on a poll, and regard shall be had to the number of votes to which each member is entitled to cast when computing whether the requisite
approval threshold has been obtained to pass an ordinary resolution). The provisions regulating the appointment and removal of directors
and continuing the company in a jurisdiction outside the British Virgin Islands may only be amended by an ordinary resolution passed by
the affirmative vote of the holders representing at least 90% of the issued Class B ordinary shares. Other than as described above, our
amended and restated memorandum and articles of association provide that ordinary resolutions must be approved either by in excess of
50 percent of the votes of the holders of the ordinary shares as, being entitled to do so, vote in person or, where proxies are allowed,
by proxy at the applicable general meeting, (noting that the amended and restated memorandum and articles of association of the Company
will require that resolutions put to the vote of a meeting may be decided on a poll and regard shall be had to the number of votes to
which each member is entitled to cast when computing whether the requisite approval threshold has been obtained to pass an ordinary resolution)
(i.e., the lowest threshold permissible under