Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 92

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 92
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.S. securities laws will be determined
by the courts of the Cayman Islands as penal or punitive in nature. If such determination is made, the courts of the Cayman Islands will
not recognize or enforce the judgment against a Cayman Islands company, such as our Company. As the courts of the Cayman Islands have
yet to rule on making such a determination in relation to judgments obtained from U.S. courts under civil liability provisions of U.S.
securities laws, it is uncertain whether such judgments would be enforceable in the Cayman Islands. Conyers Dill & Pearman has further
advised us that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, a judgment
obtained in such jurisdiction will be recognized and enforced in the courts of the Cayman Islands at common law, without any re-examination
of the merits of the underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands,
provided such judgment (a) is given by a foreign court of competent jurisdiction, (b) imposes on the judgment debtor a liability to pay
a liquidated sum for which the judgment has been given, (c) is final, (d) is not in respect of taxes, a fine or a penalty and (e) was
not obtained in a manner and is not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman
Islands.

Zhong Lun Law Firm has
advised us that the recognition and enforcement of foreign judgments are provided for under PRC Civil Procedure Law. PRC courts may
recognize and enforce foreign judgments in accordance with the requirements of PRC Civil Procedure Law based either on treaties
between China and the country where the judgment is made or on reciprocity between jurisdictions. China does not have any treaties
or other form of reciprocity with the United States or the Cayman Islands that provide for the reciprocal recognition and
enforcement of foreign judgments. In addition, according to the PRC Civil Procedure Law, courts in the PRC will not enforce a
foreign judgment against us or our directors and officers if they decide that the judgment violates the basic principles of PRC law
or national sovereignty, security or public interest. As a result, it is uncertain whether and on what basis a PRC court would
enforce a judgment rendered by a court in the United States or in the Cayman Islands.

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