Company: ARBB
Filing Date: 2025-03-13
Form Type: F-3
Source: 0001213900-25-023721
Chunk: 20

Company: ARB IOT Group Ltd
Filing Date: 2025-03-13
Form: F-3
Chunk 20
---
 supplement, we may also discharge any and all of our obligations to holders of any series of debt securities at any time, which we refer to as defeasance. We may also be released from the obligations imposed by any covenants of any outstanding series of debt securities and provisions of the indenture, and we may omit to comply with those covenants without creating an event of default under the trust declaration, which we refer to as covenant defeasance. We may effect defeasance and covenant defeasance only if, among other things:

| ● | we                                                                                                                                   
 irrevocably deposit with the trustee cash or U.S. government obligations, as trust funds, in an amount certified to be enough to pay 
 at maturity, or upon redemption, the principal, premium and interest, if any, on all outstanding debt securities of the series;      |

| ● | we                                                                                                                                           
 deliver to the trustee an opinion of counsel from a nationally recognized law firm to the effect that the holders of the series of debt      
 securities will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the defeasance or covenant defeasance 
 and that defeasance or covenant defeasance will not otherwise alter the holders’ U.S. federal income tax treatment of principal,             
 premium and interest, if any, payments on the series of debt securities; and                                                                 |

| ● | in                                                                                                                                     
 the case of subordinated debt securities, no event or condition shall exist that, based on the subordination provisions applicable to  
 the series, would prevent us from making payments of principal of, premium and interest, if any, on any of the applicable subordinated 
 debt securities at the date of the irrevocable deposit referred to above or at any time during the period ending on the 91st day after 
 the deposit date.                                                                                                                      |

In the case of a defeasance by us, the opinion we deliver must be based on a ruling of the Internal Revenue Service issued, or a change in U.S. federal income tax law occurring, after the date of the indenture, since such a result would not occur under the U.S. federal income tax laws in effect on such date.

Although we may discharge or decrease our obligations under the indenture as described in the two preceding paragraphs, we may not avoid, among other things, our duty to register the transfer or exchange of any series of debt securities, to replace any temporary, mutilated, destroyed, lost or stolen series