Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 80

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 80
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 the indentures. This prospectus, together with the applicable prospectus supplement, will describe the terms of a particular
series of debt securities.

| 39 |

The statements and descriptions in this prospectus
or in any prospectus supplement regarding provisions of the indentures and debt securities are summaries thereof, do not purport to be
complete and are subject to, and are qualified in their entirety by reference to, all of the provisions of the indentures (and any amendments
or supplements we may enter into from time to time which are permitted under each indenture) and the debt securities, including the definitions
therein of certain terms.

General

Unless otherwise specified in a prospectus supplement, the debt securities will be direct unsecured obligations ofNetclass. The senior
debt securities will rank equally with any of our other senior and unsubordinated debt. The subordinated debt securities will be subordinate
and junior in right of payment to any senior indebtedness.

Unless otherwise specified in a prospectus supplement,
the indentures do not limit the aggregate principal amount of debt securities that we may issue and provide that we may issue debt securities
from time to time at par or at a discount, and in the case of the new indentures, if any, in one or more series, with the same or various
maturities. Unless indicated in a prospectus supplement, we may issue additional debt securities of a particular series without the consent
of the holders of the debt securities of such series outstanding at the time of the issuance. Any such additional debt securities, together
with all other outstanding debt securities of that series, will constitute a single series of debt securities under the applicable indenture.

Each prospectus supplement will describe the terms
relating to the specific series of debt securities being offered. These terms will include some or all of the following:

| ● | the title of the debt securities and whether they are subordinated debt securities or senior debt securities; |

| ● | any limit on the aggregate principal amount of the debt securities; |

| ● | the ability to issue additional debt securities of the same series; |

| ● | the price or prices at which we will sell the debt securities; |

| ● | the maturity date or dates of the debt securities on which principal will be payable; |

| ● | the rate or rates of interest, if any, which may be fixed or variable, at which the debt securities will bear interest, or the method of determining such rate or rates, if any; |

| ● |