Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 37

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 37
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courts of the United States of America (the “Foreign Court”) of a debt or definite sum of money against the Company (other
than a sum of money payable in respect of taxes or other charges of a like nature, a fine or other penalty (which may include a multiple
damages judgment in an anti-trust action) or where enforcement would be contrary to public policy). The Grand Court of the Cayman Islands
will also at common law enforce final and conclusive in personam judgments of the Foreign Court that are non-monetary against
the Company, for example, declaratory judgments ruling upon the true legal owner of shares in a Cayman Islands company. The Grand Court
of the Cayman Islands will exercise its discretion in the enforcement of non-money judgments by having regard to the circumstances, such
as considering whether the principles of comity apply. To be treated as final and conclusive, any relevant judgment must be regarded
as res judicata by the Foreign Court. A debt claim on a foreign judgment must be brought within six years of the date of the judgment,
and arrears of interest on a judgment debt cannot be recovered after six years from the date on which the interest was due. The courts
of the Cayman Islands are unlikely to enforce a judgment obtained from the Foreign Court under civil liability provisions of U.S. federal
securities law if such a judgment is found by the courts of the Cayman Islands to give rise to obligations to make payments that are
penal or punitive in nature. Such a determination has not yet been made by the Grand Court of the Cayman Islands. A court of the Cayman
Islands may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. A judgment entered in default of appearance
by a defendant who has had notice of the Foreign Court’s intention to proceed may be final and conclusive notwithstanding that
the Foreign Court has power to set aside its own judgment and despite the fact that it may be subject to an appeal the time-limit for
which has not yet expired. The Grand Court of the Cayman Islands may safeguard the defendant’s rights by granting a stay of execution
pending any such appeal and may also grant interim injunctive relief as appropriate for the purpose of enforcement.

Hong Kong

Stevenson, Wong & Co., our counsel with respect to Hong Kong law, has advised us that judgment of United States courts will not be directly enforced against our subsidiaries in Hong Kong or such directors and officers who are nationals and/or residents of Hong Kong. There are