Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 173

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 173
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 | is                                                                      
 a company that conducts its business mainly outside the Cayman Islands; |

| ● | is                                                                                            
 prohibited from trading in the Cayman Islands with any person, firm or corporation except     
 in furtherance of the business of the exempted company carried on outside the Cayman Islands  
 (and for this purpose can effect and conclude contracts in the Cayman Islands and exercise    
 in the Cayman Islands all of its powers necessary for the carrying on of its business outside 
 the Cayman Islands);                                                                          |

| 98 |

| ● | is                                                                                         
 prohibited from making any invitation to the public in the Cayman Islands to subscribe for 
 any of its securities;                                                                     |

| ● | may                                                                           
 not issue negotiable or bearer shares but may issue shares with no par value; |

| ● | may                                                                                        
 obtain an undertaking against the imposition of any future taxation (such undertakings are 
 usually given for 20 years in the first instance);                                         |

| ● | may register by way of continuation                                
 in another jurisdiction and be deregistered in the Cayman Islands; |

| ● | may register as an exempted   
 limited duration company; and |

| ● | may register as a segregated 
 portfolio company.           |

“Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

Differences in Corporate Law

The Companies Act is modeled, to a large extent, after the older Companies Acts of England but does not follow recent English statutory enactments and, accordingly, there are significant differences between the Companies Act and the current Companies Act of England. In addition, the Companies Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of certain significant differences between the provisions of the Companies Act applicable to us and the laws applicable to companies incorporated in the United States and their shareholders.

Mergers and Similar Arrangements. The Companies Act permits mergers and consolidations between two or more constituent Cayman Islands companies and between Cayman Islands companies and non-Cayman Islands companies provided that the laws of the foreign jurisdiction permit such merger or consolidation. For these purposes, (i) “merger” means the merging of two or more constituent companies and the vesting of their undertaking, property, and