Company: DTCK
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001683168-25-001820
Chunk: 18

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 18
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 · | may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                            |
| · | may register as an exempted limited duration company; and                                                                                         |
| · | may register as a segregated portfolio company.                                                                                                   |

“Limited liability” means that the
liability of each shareholder is limited to the amount unpaid by the shareholder on that shareholder’s shares of the company (except
in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or
other circumstances in which a court may be prepared to pierce or lift the corporate veil).

| 12 |

<div align='center'>DESCRIPTION OF DEBT SECURITIES</div>

We may issue debt securities from time to time,
in one or more series, as either senior or subordinated debt or as senior or subordinated convertible debt. Such convertible debt may
be exchangeable for and/or convertible into shares of ordinary shares or any of the other securities that may be sold under this prospectus.
The debt securities will be issued under one or more separate indentures between us and a designated trustee. We will include in a prospectus
supplement the specific terms of each series of senior or subordinated debt securities being offered, including the terms, if any, on
which a series of senior or subordinated debt securities may be convertible into or exchangeable for other securities. In addition, the
material terms of any indenture, which will govern the rights of the holders of our senior or subordinated debt securities will be set
forth in the applicable prospectus supplement.

As you read this section, please remember that for each series of debt securities, the specific terms of your debt security as described in the applicable prospectus supplement will supplement and, if applicable, may modify or replace the general terms described in the summary below. The statement we make in this section may not apply to your debt security.

Events of Default under the Indenture

Unless we provide otherwise in the prospectus
supplement or free writing prospectus applicable to a particular series of debt securities, the following are events of default under
the indentures with respect to any series of debt securities that we may issue:

| · | if we fail to pay the principal or premium, if any, when due and payable at maturity, upon redemption                                 
 or repurchase or otherwise;                                                                                                           |
| · | if we fail to pay interest when due and payable and our failure continues for certain days;                                           |
|