Company: BCAR
Filing Date: 2025-07-21
Form Type: S-1/A
Source: 0001829126-25-005234
Chunk: 177

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-21
Form: S-1/A
Chunk 177
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 shares at the time of our initial business combination. In addition, the cashless exercise of the private warrants would further increase the dilution to our public shareholders.

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Pursuant to (i) a letter agreement to be entered
into among us, our sponsor, directors and officers and (ii) the underwriting agreement between us and the representative, each has agreed
to restrictions on its ability to transfer, assign, or sell the founder shares (and any Class A ordinary shares issuable upon conversion
thereof), the private units and representative shares, as summarized in the table below.

| Subject Securities |     | Expiration Date                                     |     | Natural Persons and Entities 
 Subject to Restrictions      |     | Exceptions to Transfer Restrictions                                                                                                   |
| Founder Shares     |     | The completion of our initial business combination. |     | MFH 1, LLC                   
 David Boral                  
 John Darwin                  
 Kevin Chen                   
 Luisa Ingargiola             
 Matt Laker                   |     | Transfers permitted (a) to our officers, directors, advisors or consultants,                                                          
 any affiliate or family member of any of our officers, directors, advisors or consultants, any members or partners of the sponsor     
 or their affiliates and funds and accounts advised by such members or partners, any affiliates of the sponsor, or any employees of    
 such affiliates, (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary         
 of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in           
 the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, 
 pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase      
 agreement or similar arrangement, in connection with an extension of the completion window or in connection with the consummation     
 of a business combination at prices no greater than the price at which the shares or warrants were originally purchased; (f) pro      
 rata distributions from our sponsor to its respective members, partners or shareholders pursuant to our sponsor’s liability           
 company agreement or other charter documents; (g) by virtue of the laws of the State of Delaware or our sponsor’s limited liability   
 company agreement upon dissolution of our sponsor, (h) in the event of our liquidation prior to our consummation of our initial