Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 88

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 10
Chunk 88
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 one or more class or classes of property to be so divided and may determine how
such division shall be carried out as between the members or different classes of members and the members within each class. The liquidator
may, with the like sanction, vest any part of the assets in trustees upon such trusts for the benefit of members as the liquidator thinks
fit, provided that no member shall be compelled to accept any shares or other property upon which there is a liability.

  71  

  Table of Contents  

Calls
on Ordinary Shares and Forfeiture of Ordinary Shares.

Redemption
of Ordinary Shares.

  72  

  Table of Contents  

Inspection
of Books and Records.

Issuance
of Additional Shares.

Anti-Takeover
Provisions.

Exempted
Company.

  does not have to file an annual return of its shareholders with the Registrar of Companies;                                                        
  is not required to open its register of members for inspection;                                                                                    
  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 a 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.

  73  

  Table of Contents  

Nomination
and Removal of Directors and Filling Vacancies on Board.

At
each annual general meeting, one-third of the Directors for the time being shall retire from office by rotation. However, if the number
of Directors is not a multiple of three, then the number nearest to but not less than one-third shall be the number of retiring Directors.
The Directors to retire in each year shall be those who have been in office longest since their last re-election or appointment but,
as between persons who became or were last re-elected Directors on the same day, those to retire shall (unless they otherwise agree among
themselves) be determined by lot.

No
person, other than a retiring Director, shall, unless recommended by the Board for election, be eligible for election to the office of
Director