Company: NTCL
Filing Date: 2025-12-29
Form Type: F-3
Source: 0001104659-25-124826
Chunk: 94

Company: NetClass Technology Inc
Filing Date: 2025-12-29
Form: F-3
Chunk 94
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 herein as “share purchase units.” The share purchase contracts may require holders to secure their obligations
under the share purchase contracts in a specified manner. The share purchase contracts also may require us to make periodic payments to
the holders of the share purchase units or vice versa, and those payments may be unsecured or refunded on some basis.

The share purchase contracts, and, if applicable,
collateral or depositary arrangements, relating to the share purchase contracts or share purchase units, will be filed with the SEC in
connection with the offering of share purchase contracts or share purchase units. The prospectus supplement relating to a particular issue
of share purchase contracts or share purchase units will describe the terms of those share purchase contracts or share purchase units,
including the following:

| ● | if applicable, a discussion of material tax considerations; and |

| ● | any other information we think is important about the share purchase contracts or the share purchase units. |

<div align='center'>DESCRIPTION OF RIGHTS</div>

We may issue rights to purchase ordinary shares
that we may offer to our securityholders. The rights may or may not be transferable by the persons purchasing or receiving the rights.
In connection with any rights offering, we may enter into a standby underwriting or other arrangement with one or more underwriters or
other persons pursuant to which such underwriters or other persons would purchase any offered securities remaining unsubscribed for after
such rights offering. Each series of rights will be issued under a separate rights agent agreement to be entered into between us and a
bank or trust company, as rights agent, that we will name in the applicable prospectus supplement. The rights agent will act solely as
our agent in connection with the rights and will not assume any obligation or relationship of agency or trust for or with any holders
of rights certificates or beneficial owners of rights.

The prospectus supplement relating to any rights
that we offer will include specific terms relating to the offering, including, among other matters:

| ● | the date of determining the securityholders entitled to the rights distribution; |

| ● | the aggregate number of rights issued and the aggregate number of ordinary shares purchasable upon exercise of the rights; |

| ● | the exercise price; |

| ● | the conditions to completion of the rights offering; |

| ● | the date on which the right to exercise the rights will commence and the date on which the rights will expire; and |

| ● | applicable tax considerations. |

Each right would entitle the holder of the rights
to purchase for