Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 675

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 675
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 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 or that the person had reasonable cause to believe that his conduct was unlawful.

We
have entered into agreements with our officers and directors to provide contractual indemnification in addition to the indemnification
provided for in our memorandum and articles of association. Our memorandum and articles of association also permits us to purchase and
maintain insurance on behalf of any officer or director who at the request of the company is or was serving as a director or officer
of, or in any other capacity is or was acting for, another company or a partnership, joint venture, trust or other enterprise, against
any liability asserted against the person and incurred by the person in that capacity, whether or not the company has or would have had
the power to indemnify the person against the liability as provided in the memorandum and articles of association. We will purchase a
policy of directors’ and officers’ liability insurance that insures our officers and directors against the cost of defense,
settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and directors.

These
provisions may discourage