Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 45

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 45
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uciary duties of our directors under Cayman Islands law are not as clearly established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the Cayman Islands has a different body of securities laws than the United States. Some U.S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands. In addition, Cayman Islands companies may not have standing to initiate a shareholder derivative action in a federal court of the United States.

We have been advised by our Cayman Islands legal counsel, Ogier, that there is uncertainty as to whether the courts of the Cayman Islands would:

| ● | recognize or enforce against                                                                                                          
 us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws; and                  |
| ● | entertain original actions                                                                                                            
 brought in the Cayman Islands against us or our directors or officers predicated upon the securities laws of the United States or any 
 state in the United States.                                                                                                           |

| 23 |

There is no statutory recognition in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands will in certain circumstances recognize and enforce a foreign judgment, without any re-examination or re-litigation of matters adjudicated upon, provided such judgment:

| (a) | is                                                                                         
 given by a foreign court of competent jurisdiction;                                        |
| (b) | imposes                                                                                    
 on the judgment debtor a liability to pay a liquidated sum for which the judgment has been 
 given;                                                                                     |
| (c) | is                                                                                         
 final;                                                                                     |
| (d) | is                                                                                         
 not in respect of taxes, a fine or a penalty;                                              |
| (e) | was                                                                                        
 not obtained by fraud; and                                                                 |
| (f) | is                                                                                         
 not of a kind the enforcement of which is contrary to natural justice or the public policy 
 of the Cayman Islands.                                                                     |

Subject to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions.

Shareholders of exempted companies incorporated under the laws of the Cayman Islands like us have no general rights under Cayman Islands law to inspect corporate records (other than memorandum and articles of association and any special resolutions passed by such companies, and the register of mortgages and charges of such