Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 329

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 329
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settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and directors.

These
provisions may discourage shareholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions
also may have the effect of reducing the likelihood of derivative litigation against officers and directors, even though such an action,
if successful, might otherwise benefit us and our shareholders. Furthermore, a shareholder’s investment may be adversely affected
to the extent we pay the costs of settlement and damage awards against officers and directors pursuant to these indemnification provisions.

72

We
believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced
officers and directors.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us
pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy
as expressed in the Securities Act and is theretofore unenforceable.

Item
11. Executive Compensation

Executive
Officer and Director Compensation

No
compensation was awarded to, earned by, or paid to our officers or directors for the last completed fiscal year. Commencing on the date
that our securities were first listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation,
we will pay to an affiliate of our sponsor $10,000 per month for office space, utilities, secretarial and administrative support services
provided to members of our management team. In addition, our sponsor, officers and directors, or any of their respective affiliates will
be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target
businesses and performing due diligence on suitable business combinations. There is no limit on the amount of these out-of-pocket expenses
and there will be no review of the reasonableness of the expenses by anyone other than our board of directors and audit committee, which
includes persons who may seek reimbursement, or a court of competent jurisdiction if such reimbursement is challenged.

Other
than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the
company to our initial shareholders, officers and directors, or their respective affiliates, prior to completion of our initial business
combination.

After
the completion of our initial business combination, directors or members of our management team who