Company: STAK
Filing Date: 2025-11-14
Form Type: F-1
Source: 0001493152-25-023494
Chunk: 52

Company: STAK Inc.
Filing Date: 2025-11-14
Form: F-1
Chunk 52
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 the name of the company to challenge:

| ● | a                                                                                                                                      
 company acts act illegally or ultra vires with respect to the company and is therefore incapable of ratification by the shareholders;  |
| ● | the                                                                                                                                    
 act which, although not ultra vires, requires authorization by a qualified (or special) majority (that is, more than a simple majority 
 vote that has not been obtained; and                                                                                                   |
| ● | an                                                                                                                                     
 act which constitutes a “fraud on the minority.” Where the wrongdoers are themselves in control of the company,                        |

Indemnification of Directors and Executive Officers and Limitation of Liability.Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime, or against the indemnified person’s own fraud or dishonesty. Our second amended and restated memorandum and articles of association provide to the extent permitted by Cayman Islands law, we shall indemnify each existing or former secretary, director (including alternate director), and any of our other officers (including an investment adviser or an administrator or liquidator) and their personal representatives against:

| (a) | all                                                                                                                                      
 actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by the existing or former director  
 (including alternate director), secretary or officer in or about the conduct of our business or affairs or in the execution or discharge 
 of the existing or former director (including alternate director), secretary’s or officer’s duties, powers, authorities                  
 or discretions; and                                                                                                                      |
| (b) | without                                                                                                                                  
 limitation to paragraph (a) above, all costs, expenses, losses or liabilities incurred by the existing or former director (including     
 alternate director), secretary or officer in defending (whether successfully or otherwise) any civil, criminal, administrative or        
 investigative proceedings (whether threatened, pending or completed) concerning us or our affairs in any court or tribunal, whether      
 in the Cayman Islands or elsewhere.                                                                                                      |

| 37 |

No such existing or former director (including alternate director), secretary or officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

To the extent permitted by the Companies Act, we may make a payment, or agree to make