Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 223

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 223
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 generality of the foregoing, any costs, expenses, losses or liabilities incurred by him in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

Pursuant to the form of indemnification agreements to be filed as Exhibit 10.1 to this registration statement, we agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.

The form of underwriting agreement to be filed as Exhibit 1.1 to this registration statement will also provide for indemnification of us and our officers and directors.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 7. Recent Sales of Unregistered Securities.

During the past three years, we have issued the following securities (including options to acquire our Ordinary Shares) without registering the securities under the Securities Act. We believe that each of the following issuances was exempt from registration under the Securities Act pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering. No underwriters were involved in these issuances of ordinary shares.

| II-1 |

| Purchaser                                |     | Date of Sale/Issuance |          |     | Number of Ordinary Shares |         |     | Consideration |        |
| XJL International Ltd                    |     |                       | November 
 21, 2024 |     |                           |       1 |     | US$           |  0.001 |
| XJL International Ltd                    |     |                       | December 
 27, 2024 |     |                           | 762,998 |     | US$           | 15,260 |
| Beyond Merchant Limited                  |     |                       | December 
 27, 2024 |     |                           |  49,000 |     | US$           |  9,800 |
| KeyStone Builders Group Limited          |     |                       | December 
 27, 2024 |     |                           |  49,000 |     | US$           |  9,800 |
| Kingkey Holdings (International) Limited |     |                       | December 
 27