Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 62

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 62
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 redeemed or repurchased (i) unless it is fully
paid up, (ii) if such redemption or repurchase would result in there being no shares outstanding, or (iii) if the company has
commenced liquidation. In addition, our company may accept the surrender of any fully paid share for no consideration.

Transfer of Shares

The instrument of transfer of any share shall be in writing and in any usual or common form or such other form as the directors may, in their absolute discretion, approve and be executed by or on behalf of the transferor and if in respect of a nil or partly paid up share, or if so required by the directors, shall also be executed on behalf of the transferee and shall be accompanied by the certificate (if any) of the shares to which it relates and such other evidence as the directors may reasonably require to show the right of the transferor to make the transfer. The transferor shall be deemed to remain a shareholder until the name of the transferee is entered in the register of members in respect of the relevant shares. Subject to oursecond amended and restated memorandum and articles of association,
any shareholder may transfer all or any of his shares by an instrument of transfer in the usual or common form or in a form prescribed
by the Nasdaq or in any other form approved by the board and may be under hand or, if the transferor or transferee is a clearing house
or a central depository house or its nominee(s), by hand or by machine imprinted signature or by such other manner of execution as the
board may approve from time to time.

| 27 |

The directors may in their absolute discretion decline to register any transfer of shares which is not fully paid up or on which theCompany
has a lien. The directors may also decline to register any transfer of any share unless:

| (i) | the instrument of transfer is                                                                                                   
 lodged with the Company, accompanied by the certificate for the shares to which it relates and such other evidence as the board 
 may reasonably require to show the right of the transferor to make the transfer;                                                |

| (ii) | the instrument of transfer is in respect of only one class of shares; |

| (iii) | the instrument of transfer is properly stamped, if required; |

| (iv) | in the case of a transfer to joint holders, the number of joint holders to whom the share is to be transferred 
 does not exceed four; and                                                                                      |

| (v) | a fee of