Company: MASK
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001185185-25-000685
Chunk: 219

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-06-24
Form: F-1
Chunk 219
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 the costs of the proceedings in relation to the relief likely to be obtained; and |

| ● | whether an alternative remedy is available. |

Just and equitable winding up

In addition to the statutory remedies outlined
above, shareholders can also petition the BVI Court for the winding up of a company under the BVI Insolvency Act, 2003 (as amended) for
the appointment of a liquidator to liquidate the company and the court may appoint a liquidator for the company if it is of the opinion
that it is just and equitable for the court to so order. Save in exceptional circumstances, this remedy is generally only available where
the company has been operated as a quasi-partnership and trust and confidence between the partners has broken down.

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Indemnification of directors and executive
officers and limitation of liability

Our Amended and Restated Articles provide that,
subject to certain limitations, we indemnify against all expenses, including legal fees, and against all judgments, fines and amounts
paid in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings for any person who:

| ● | is or was a party or is threatened to be made a party to any threatened, pending or completed proceedings, whether civil, criminal, 
 administrative or investigative, by reason of the fact that the person is or was our director; or                                   |

| ● | is or was, at our request, serving as a director or officer of, or in any other capacity is or was acting for, another body corporate 
 or a partnership, joint venture, trust or other enterprise.                                                                           |

These indemnities only apply if the person acted
honestly and in good faith with a view to our best interests and, in the case of criminal proceedings, the person had no reasonable
cause to believe that his conduct was unlawful. The decision of the directors as to whether the person acted honestly and in good faith
and with a view to the best interests of the company and as to whether the person had no reasonable cause to believe that his conduct
was unlawful and is, in the absence of fraud, sufficient for the purposes of the Amended and Restated Articles, unless a question of law
is involved. The termination of any proceedings by any judgment, order, settlement, conviction or the entering of a nolle prosequi does
not, by itself, create a presumption that the person did not act honestly and in good faith and with a view to the best interests of the