Company: RITR
Filing Date: 2025-11-28
Form Type: F-3
Source: 0001213900-25-115738
Chunk: 40

Company: Reitar Logtech Holdings Ltd
Filing Date: 2025-11-28
Form: F-3
Chunk 40
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 to payment of the fair value of his shares upon dissenting to a
merger or consolidation. The exercise of appraisal rights will preclude the exercise of any other rights except for the right to seek
relief on the grounds that the merger or consolidation is void or unlawful.

In addition, there are
statutory provisions that facilitate the reconstruction and amalgamation of companies, provided that the arrangement is approved by seventy-five percent
(75%) in value of the shareholders or class of shareholders, as the case may be, that are present and voting either in person or by proxy
at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned
by the Grand Court of the Cayman Islands. While a dissenting shareholder has the right to express to the court the view that the transaction
ought not to be approved, the court can be expected to approve the arrangement if it determines that:

| ● | the statutory provisions as to the required majority vote 
 have been met;                                            |

| ● | the shareholders have been fairly represented at the meeting 
 in question;                                                 |

| ● | the arrangement is such that may be reasonably approved by an                   
 intelligent and honest man of that class acting in respect of his interest; and |

| ● | the arrangement is not one that would more properly be sanctioned                                         
 under some other provision of the Cayman Companies Act or that would amount to a “fraud on the minority.” |

When a takeover offer
is made and accepted by holders of not less than 90.0% of the shares affected within four (4) months, the offeror may, within a two
(2) month period commencing on the expiration of such four (4) month period, require the holders of the remaining shares to
transfer such shares on the terms of the offer. An objection can be made to the Grand Court of the Cayman Islands, but this is unlikely
to succeed in the case of an offer which has been so approved unless there is evidence of fraud, bad faith or collusion.

If an arrangement and
reconstruction is thus approved, the dissenting shareholder would have no rights comparable to appraisal rights, which would otherwise
ordinarily be available to dissenting shareholders of Delaware corporations, providing rights to receive payment in cash for the judicially
determined value of the shares.

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Conflicts of interest

Under Delaware corporate
law, a contract between a corporation and a director or officer