Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 872

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 872
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 initial shareholders
with respect to any initial shares and the private units, as applicable. However, if after our initial business combination, there is
a transaction whereby all the outstanding shares are exchanged or redeemed for cash (as would be the case in a post-asset sale liquidation)
or another issuer’s shares, then the initial shares or the private units (or any ordinary shares thereunder) shall be permitted
to participate.

Any
permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect to any initial
shares and the private units, as applicable. The permitted transferees shall mean (i) among the initial shareholders or to the initial
shareholders’, or our officers, directors or their respective affiliates (including for transfers to an entity’s members
upon its liquidation), (ii) to a holder’s shareholders or members upon the holder’s liquidation, in each case if the holder
is an entity, (iii) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is the
holder or a member of the holder’s immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent
and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) to us for no value for cancellation in connection
with the consummation of our initial business combination, (vii) in connection with the consummation of a business combination at prices
no greater than the price at which the shares were originally purchased, (viii) in the event of our liquidation prior to its consummation
of an initial business combination or (ix) in the event that, subsequent to the consummation of an initial business combination, we complete
a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange
their ordinary shares for cash, securities or other property, in each case (except for clauses (vi), (viii) or (ix) or with our prior
written consent) on the condition that prior to such registration for transfer, the transfer agent shall be presented with written documentation
pursuant to which each transferee or the trustee or legal guardian for such transferee agrees to be bound by the transfer restrictions
contained in this paragraph and any other applicable agreement the transferor is bound by.

75

Item
13. Certain Relationships and Related Transactions, and