Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 118

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 10
Chunk 118
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 of that shareholder; and        
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●   where                                                                                       
    the Ordinary Shares are partly paid, by or on behalf of that shareholder and the transferee.

The transferor shall be deemed to remain the holder of an Ordinary Share until the name of the transferee is entered into our register of members.
 
Where the Ordinary Shares in question are not listed on or subject to the rules of the Nasdaq Capital Market, our board of directors may, in its absolute discretion, decline to register any transfer of any Ordinary Share that is not fully paid up or on which we have a lien. Our board of directors may also decline to register any transfer of such Ordinary Share unless:
 

●                                                                   the                                                                
    instrument of transfer is lodged with us, accompanied by the certificate for the Ordinary Shares to which it relates and such other
            evidence as our board of directors may reasonably require to show the right of the transferor to make the transfer;        
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●   the                                                                                                                                
    instrument of transfer is in respect of only one class of shares;                                                                  
●   the                                                                                                                                
    instrument of transfer is properly stamped, if required;                                                                           

91
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●                                                                   the                                                                
                               Ordinary Share transferred is fully paid and free of any lien in favor of us;                           
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●   in                                                                                                                                 
    the case of a transfer to joint holders, the number of joint holders to whom the share is to be transferred does not exceed four;  
    and                                                                                                                                
●   any                                                                                                                                
    applicable fee of such maximum sum as the Nasdaq Capital Market may determine to be payable or such lesser sum as our directors may
    from time to time require is paid to us in respect thereof.                                                                        

If our directors refuse to register a transfer they shall, within three months after the date on which the instrument of transfer was lodged, send to each of the transferor and the transferee notice of such refusal.
 
The registration of transfers may, on 14 days’ notice being given by advertisement in such one or more newspapers or by electronic means, be suspended and the register of members closed at such times and for such periods as our board of directors may, in their absolute discretion, from time to time determine; provided, however, that the registration of transfers shall not be suspended nor the register closed for more than 30 days in any year.
 
Liquidation. If we are wound up, the shareholders may, subject to the articles and any other sanction required by the Companies Act, pass a special resolution allowing the