Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 123

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 123
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 the rules and regulations promulgated thereunder; and                  |
| “Voting Record Time”    |     | 1:15 p.m. (Pacific Time in the United States) on April 25, 2025, the record date for the Scheme Meeting.                               |

| 2. | INTERPRETATION |

| 2.1 | In this Scheme, unless the context otherwise requires or otherwise expressly provides: |

| (a) | references to Parts, Clauses and Sub-Clauses are references to parts, 
 clauses and sub-clauses respectively of this Scheme;                  |

| (b) | references to a “person” include references to an individual, firm, partnership, company, 
 corporation, unincorporated body of persons or any state or state agency;                 |

| (c) | references to a statute, statutory provision, enactment or subordinate legislation include the same as 
 subsequently modified, amended or re-enacted from time to time;                                        |

| (d) | references to an agreement, deed or document shall be deemed also to refer to such agreement, deed or document                                                                  
 as amended, supplemented, restated, verified, replaced and/or novated (in whole or in part) from time to time and to any agreement, deed or document executed pursuant thereto; |

| (e) | the singular includes the plural and vice-versa and words importing one gender shall include all genders; |

| (f) | headings to, Parts, Clauses and Sub-Clauses are for ease of reference 
 only and shall not affect the interpretation of this Scheme; and      |

| (g) | all references to time are references to Cayman Islands Time unless otherwise stated. |

| 3. | PENGUIN SOLUTIONS CAYMAN |

| 3.1 | Penguin Solutions Cayman is a company incorporated in the Cayman Islands as an exempted company with limited                                                              
 liability with registration number 255221, whose registered office is at Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. |

| 3.2 | The authorised share capital of Penguin Solutions Cayman is US$6,900,000 divided into: (i) 200,000,000 ordinary               
 shares with a par value of US$ 0.03 each; and (ii) 30,000,000 convertible preferred shares with a par value of US$ 0.03