Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 129

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 129
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 committee or nominating and corporate governance committee;                                                                        |
| ● | that a majority of our                                                                                                             
 board of directors consist of “independent directors,” as defined under the rules of NYSE American;                                |
| ● | that any corporate governance                                                                                                      
 and nominating committee or compensation committee be composed entirely of independent directors with a written charter addressing 
 the committee’s purpose and responsibilities; and                                                                                  |
| ● | that we have an annual                                                                                                             
 performance evaluation of the nominating and governance committees and compensation committee.                                     |

These exemptions do not modify the independence requirements for our audit committee.

If at any time we cease to be a “controlled company” under rules of NYSE American our board will take all action necessary to comply with rules of NYSE American, including as applicable appointing a majority of independent directors to the board and establishing certain committees composed entirely of independent directors, subject to a permitted “phase-in” period.

Compensation of Directors and Executive Officers

For the year ended September 30, 2023 and 2024, we and our subsidiaries paid aggregate cash compensation of approximately US$682,174 and US$254,057, respectively, to our directors and executive officers as a group.

EmploymentAgreements and Indemnification Agreements

We will enter into employment agreements with each of our executive officers for a specified time period providing that the agreements are terminable for cause at any time. The terms of these agreement are substantially similar to each other. A senior executive officer may terminate his or her employment at any time by 30-day prior written notice. We may terminate the executive officer’s employment for cause, at any time, without advance notice or remuneration, for certain acts of the executive officer, such as conviction or plea of guilty to a felony or any crime involving moral turpitude, negligent or dishonest acts to our detriment, or misconduct or a failure to perform agreed duties.

Each executive officer will agree to hold in strict confidence and not to use, except for the benefit of our company, any proprietary information, technical data, trade secrets and know-how of our company or the confidential or proprietary information of any third party, including our subsidiaries and our clients, received by our company. Each of these executive officers will also agree to be bound by noncompetition and non-solicitation restrictions during the term of his or her employment and typically for two years following the last date of employment.

We will enter into indemnification agreements with our directors and executive officers, pursuant to which we will