Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 159

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 159
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 by us, excluding the underwriting discount and commissions and the portion of the non-accountable expense allowance payable by us (but including a maximum aggregate reimbursement of $[●] of the Representative’s accountable expenses) , will be approximately $[●].

Right of First Refusal

For a period of 12 months from the completion of this offering, we have granted the Representative the right of first refusal to act (i) as lead manager and bookrunner or lead placement agent with respect to any public or private sale of the securities of the Company and/or any of its subsidiaries in the United States, (ii) exclusive financial advisor in connection with any business disposition, acquisition, merger, consolidation or other business combination, or any recapitalization, reorganization, restructuring or other similar transaction fir which we decide engage and financial advisor, or (iii) placement agent or sole agent in connection with any finance or refinance of indebtedness for which we use a manager or agent.

Tail Financing

We have agreed that, the Representative shall be entitled receive transaction fees equal to [●] percent ([●]%) of the gross proceeds received by us from any financing or capital-raising transaction of any kind, or a Tail Financing, to the extent that such financing or capital is provided to us by investors whom the Representative had introduced to us during the term of its engagement, if such Tail Financing is consummated at any time within the 12-month period following the earlier of expiration or termination such engagement or the closing date of this offering. However, pursuant to FINRA Rule 5110(g)(5), we have the right to terminate the Representative’s engagement for “cause,” which means the Representative’s material failure to provide the underwriting services, and any such termination for cause will eliminate our obligation to pay a transaction fee associated with a Tail Financing.

Pricing of the Offering

Prior to the completion of this offering, there has been no public market for our Ordinary Shares. The initial public offering price of the shares has been negotiated between us and the underwriter. Among the factors considered in determining the initial public offering price of the shares, in addition to the prevailing market conditions, are our historical performance, estimates of our business potential and earnings prospects, an assessment of our management and the consideration of the above factors in relation to market valuation of companies in related businesses.

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Lock-up Agreements

Our directors, executive officers and each existing holder of our Ordinary Shares have agreed to a 180 day “lock-up” period from the closing of this