Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 41

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 41
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 Cayman Islands has a less developed 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, Harney Westwood & Riegels Singapore LLP, 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 each respective jurisdiction against us or our directors or officers predicated upon the securities laws 
 of the United States or any state in the United States.                                                                              |

There is no statutory enforcement 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 and conclusive;                                                                                                             |
| (d) | is                                                                                                                                
 not in respect of taxes, a fine or a penalty;                                                                                     |
| (e) | was                                                                                                                               
 not obtained by fraud; and                                                                                                        |
| (f) | is                                                                                                                                
 not obtained in a manner and 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.

| 22 |

Shareholders of Cayman Islands companies like us have no general rights under the Cayman Islands laws to inspect corporate records, other than the amended and restated Memorandum and Articles of Association and any special resolutions passed by such companies, and the registers of mortgages and charges of such companies. Our directors have discretion under our amended and restated Memorandum and Articles