Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 467

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 467
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 such initial business combination is fair to our company from a financial point
of view. We are not required to obtain such an opinion in any other context.

Furthermore,
in no event will our initial shareholders or any of our existing officers or directors, or their respective affiliates be paid by us
any finder’s fee, consulting fee, or other compensation prior to, or for any services they render, in order to effectuate the completion
of our initial business combination. Further, commencing on the date our securities are first listed on the Nasdaq, we will also reimburse
an affiliate of our sponsor for secretarial and administrative support services provided to us in the amount of $10,000 per month.

We
cannot assure you that any of the above-mentioned conflicts will be resolved in our favor.

If
we seek shareholder approval, we will complete our initial business combination only if we obtain the approval of an ordinary resolution
under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting
of the company. In such case, our initial shareholders, officers and directors have agreed to vote their founder shares and public shares,
if any, in favor of our initial business combination.

Limitation
on Liability and Indemnification of Officers and Directors

Our
amended memorandum and articles of association provide that, subject to certain limitations, the company shall indemnify its directors
and officers against all expenses, including legal fees, and against all judgments, fines and amounts paid in settlement and reasonably
incurred in connection with legal, administrative or investigative proceedings. Such indemnity only applies if the person acted honestly
and in good faith with a view to what the person believes is in the best interests of the company and, in the case of criminal proceedings,
the person had no reasonable cause to believe that their conduct was unlawful. The decision of the directors as to whether the person
acted honestly and in good faith and with a view to the best interests of the company and as to whether the person had no reasonable
cause to believe that his conduct was unlawful and is, in the absence of fraud, sufficient for the purposes of the memorandum and articles
of association, unless a question of law is involved. The termination of any proceedings by any judgment, order, settlement, conviction
or the entering of a nolle prosequi does not, by itself, create a presumption that the person did not act honestly and in good faith
and with a view to the best interests of the company