Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 217

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 217
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 transfer, lease, exchange or other disposition
of more than 50 per cent in value of the assets or business of the company if not made in the usual or regular course of the business
carried on by the company but not including: (i) a disposition pursuant to an order of the court having jurisdiction in the matter,
(ii) a disposition for money on terms requiring all or substantially all net proceeds to be distributed to the members in accordance
with their respective interest within one year after the date of disposition, or (iii) a transfer pursuant to the power of the directors
to transfer assets for the protection thereof; (d) a compulsory redemption of 10 per cent, or fewer of the issued shares of the company
required by the holders of 90 percent, or more of the shares of the company pursuant to the terms of the BVI Act; and (e) a
plan of arrangement, if permitted by the BVI Court (each, an Action). A shareholder properly exercising his dissent rights is entitled
to a cash payment equal to the fair value of his shares.

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A shareholder dissenting from an Action must object
in writing to the Action before the vote by the shareholders on the merger or consolidation, unless notice of the meeting was not given
to the shareholder. If the merger or consolidation is approved by the shareholders, the company must give notice of this fact to each
shareholder within 20 days who gave written objection. Such objection shall include a statement that the members proposes to demand
payment for his or her shares if the Action is taken. These shareholders then have 20 days to give to the company their written election
in the form specified by the BVI Act to dissent from the Action, provided that in the case of a merger, the 20 days starts when the
plan of merger is delivered to the shareholder. Upon giving notice of his election to dissent, a shareholder ceases to have any shareholder
rights except the right to be paid the fair value of his shares. As such, the merger or consolidation may proceed in the ordinary course
notwithstanding his dissent. Within seven days of the later of the delivery of the notice of election to dissent and the effective
date of the merger or consolidation, the company shall make a written offer to each dissenting shareholder to purchase his shares at a
specified price per share that the company determines to be the fair value of the shares. The company and the shareholder then have 30 days
to agree