Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 237

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 237
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of the company to challenge:

| · | an act which is illegal or ultra vires with respect to the company and is therefore incapable of    
 ratification by the shareholders;                                                                   |
| · | an act which, although not ultra vires, requires authorization by a qualified (or special) majority 
 (that is, more than a simple majority) which has not been obtained; and                             |
| · | an act which constitutes a “fraud on the minority” where the wrongdoers are themselves              
 in control of the company.                                                                          |

Indemnification of Directors and Executive Officers and Limitation of Liability

Cayman Islands law does not limit the extent to which a company’s memorandum and Articles may provide for indemnification of officers and directors, except to the extent any such indemnification may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against the consequences of committing a crime or against the indemnified ’error’s own fraud, dishonesty, willful default or willful neglect.

Under our Amended and Restated
Memorandum and Articles of Association, which will be adopted and become effective immediately prior to completion of this offering,
provide that to the extent permitted by law, we shall indemnify each existing or former director (including alternate director), secretary
and any of our other officers (including an investment adviser or an administrator or liquidator) and their personal representatives
against:

| (a) | all actions, proceedings, costs, charges, expenses, losses, damages                                                                   
 or liabilities incurred or sustained by the existing or former director (including alternate director), secretary or officer in or    
 about the conduct of our business or affairs or in the execution or discharge of the existing or former director (including alternate 
 director), secretary’s or officer’s duties, powers, authorities or discretions; and                                                   |
| (b) | without limitation to paragraph (a) above, all costs, expenses,                                                                       
 losses or liabilities incurred by the existing or former director (including alternate director), secretary or officer in defending   
 (whether successfully or otherwise) any civil, criminal, administrative or investigative proceedings (whether threatened, pending     
 or completed) concerning us or our affairs in any court or tribunal, whether in the Cayman Islands or elsewhere.                      |

No such existing or former directors, including alternate director, secretary or officer, however, shall be indemnified in respect of any matter arising out of their owndishonesty, fraud, willful default or will