Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 101

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 10
Chunk 101
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 and a final judgment for the payment of money rendered by any federal or state court in the United States based on
civil liability, whether or not predicated solely upon the federal securities laws, would, therefore, not be automatically enforceable
in Singapore.

In
making a determination as to enforceability of a foreign judgment, the Singapore courts need to be satisfied that the foreign judgment
was final and conclusive and on the merits of the case, given by a court of law of competent jurisdiction, and was expressed to be for
a fixed sum of money. In general, a foreign judgment would be enforceable in Singapore unless procured by fraud, or if the proceedings
in which such judgments were obtained were not conducted in accordance with principles of natural justice, or if the enforcement thereof
would be contrary to the public policy of Singapore, or if the judgment would conflict with earlier judgments from Singapore or earlier
foreign judgments recognized in Singapore, or if the judgment would amount to the direct or indirect enforcement of foreign penal, revenue
or other public laws. Civil liability provisions of the federal and state securities law of the United States permit the award of punitive
damages against us, our Directors and Executive Officers. The Singapore courts do not allow the enforcement of foreign judgments which
amount to the direct or indirect enforcement of foreign penal, revenue or other public laws. It is uncertain as to whether a judgment
of the courts of the United States awarding such punitive damages would be regarded by the Singapore courts as being pursuant to foreign,
penal, revenue or other public laws. Such determination has yet to be conclusively made by a Singapore court in a reported decision.

DESCRIPTION
OF SHARE CAPITAL

We
were incorporated as an exempted company with limited liability under the laws of the Cayman Islands on October 25, 2024, and our affairs
are governed our memorandum and articles of association, as amended and restated from time to time, and the Companies Act (as amended)
of the Cayman Islands (which we refer to herein as the “ Companies Act”) and the common law of the Cayman Islands.

  64  

Share
Capital

The
following description of our share capital is a summary only and not meant to be complete, but is subject to and qualified in its entirety
by our Memorandum and Articles of Association, as amended from time to time, and by the provisions of the applicable law. Reference is
made to our Memorandum and Articles of Association.

Our
Company was incorporated in the Cayman Islands on