Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 256

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 256
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 of the constituent
companies; (b) in the case of a merger, the memorandum and articles of association of any surviving company are automatically amended
to the extent, if any, that changes to its amended memorandum and articles of association are contained in the articles of merger or,
in the case of a consolidation, the memorandum and articles of association filed with the articles of consolidation are the memorandum
and articles of the consolidated company; (c) assets of every description, including choses-in-action and the business of each of the
constituent companies, immediately vest in the surviving company or consolidated company; (d) the surviving company or consolidated company
is liable for all claims, debts, liabilities and obligations of each of the constituent companies; (e) no conviction, judgment, ruling,
order, claim, debt, liability or obligation due or to become due, and no cause existing, against a constituent company or against any
member, director, officer or agent thereof, is released or impaired by the merger or consolidation; and (f) no proceedings, whether civil
or criminal, pending at the time of a merger by or against a constituent company, or against any member, director, officer or agent thereof,
are abated or discontinued by the merger or consolidation; but: (i) the proceedings may be enforced, prosecuted, settled or compromised
by or against the surviving company or consolidated company or against the member, director, officer or agent thereof; as the case may
be; or (ii) the surviving company or consolidated company may be substituted in the proceedings for a constituent company. The Registrar
shall strike off the register of companies each constituent company that is not the surviving company in the case of a merger and all
constituent companies in the case of a consolidation.

If the directors determine it to be in the best interests of the company,
it is also possible for a merger to be approved as a Court approved plan of arrangement or scheme of arrangement in accordance with the
Companies Law. However, we do not anticipate the use of such statutory provisions because we expect the required terms of the initial
business combination will be capable of being achieved through other means, such as a merger or consolidation (as described above), a
share exchange, asset acquisition or control, through contractual arrangements, of an operating business.

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The Companies Law provides for a right of
dissenting shareholders to be paid the fair value of their shares upon their dissenting to the merger or consolidation in certain