Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 139

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 139
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 be determined from time to time by a vote of the Board of Directors; provided that each Director shall abstain from voting on any such resolution or resolutions relating to the grant of options to that Director.

Other than as disclosed above, none of our Directors has entered into a service agreement with our Company or any of our subsidiary that provides for benefits upon termination of employment.

Employment Agreements and Indemnification Agreements

We have entered into employment agreements with each of our executive officers for a specified time period providing that the agreements are terminable for cause at any time. The terms of these agreement are substantially similar to each other. A senior executive officer may terminate his or her employment at any time with a 1-month prior written notice. We may terminate the executive officer’s employment for cause, at any time, without advance notice or remuneration, for certain acts of the executive officer, such as conviction or plea of guilty to a felony or any crime involving moral turpitude, negligent or dishonest acts to our detriment, or misconduct or a failure to perform agreed duties.

Each executive officer has agreed to hold in strict confidence and not to use, except for the benefit of our company, any proprietary information, technical data, trade secrets and know-how of our company or the confidential or proprietary information of any third party, including our subsidiaries and our clients, received by our company. Each of these executive officers has also agreed to be bound by noncompetition and non-solicitation restrictions during the term of his or her employment and typically for two years following the last date of employment.

We expect to enter into indemnification agreements with our directors and executive officers, pursuant to which we will agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or officer.

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<div align='center'>PRINCIPAL AND SELLING SHAREHOLDERS</div>

The following table sets forth information regarding beneficial ownership of our Ordinary Shares as of the date of this registration statement by:

| ● | each                                                                                            
 of our executive officers and directors (including our independent directors whose appointments 
 will become effective upon the SEC’s declaration of effectiveness of our registration           
 statement on Form F-1 of which this prospectus is a part);                                      |

| ● | all                                                        
 of the executive officers and directors of as a group; and |

| ● | each                                                                                        
 person, or group of affiliated persons, known by us to beneficially own more than