Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 38

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 38
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 certain anti-dilution rights, as described below adjacent to the caption “Founder shares conversion and anti-dilution rights”; |

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| ● | our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to (i) waive their redemption rights with respect to their founder shares, private shares and public shares in connection with the completion of our initial business combination; (ii) waive their redemption rights with respect to their founder shares, private shares and public shares in connection with a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we have not consummated an initial business combination within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity; (iii) waive their rights to liquidating distributions from the trust account with respect to their founder shares and private shares if we fail to complete our initial business combination within the completion window, although they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within the prescribed time frame and to liquidating distributions from assets outside the trust account; and (iv) vote any founder shares and private shares held by them and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions) in favor of our initial business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction); and |

| Pursuant to                                                                                                                           
 an agreement of all members of the sponsor, the management and control of the sponsor is vested exclusively with the manager, without 
 any voting, veto, consent or other participation rights by any non-managing members regardless of their unit ownership. All matters   
 submitted to a vote by the manager will require the affirmative vote of the manager, without regard to any membership interests held  
 by any non-managing members. As a result, non-managing sponsor members will have no right to control the sponsor, or participate      
 in any decision regarding the disposal of any security held by the sponsor, or otherwise.                                             |

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| Transfer restrictions on founder shares