Company: EGG
Filing Date: 2025-04-16
Form Type: F-1/A
Source: 0001641172-25-004947
Chunk: 143

Company: ENIGMATIG LTD
Filing Date: 2025-04-16
Form: F-1/A
Chunk 143
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 strictly with the procedures set out in the Companies Act. The exercise of dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might otherwise be entitled by virtue of holding shares, save for the right to seek relief on the grounds that the merger or consolidation is void or unlawful.

Separate from the statutory provisions relating to mergers and consolidations, the Companies Act also contains statutory provisions that facilitate the reconstruction and amalgamation of companies by way of schemes of arrangement, provided that the arrangement is approved by a majority in number of each class of shareholders and creditors with whom the arrangement is to be made, and who must in addition represent three-fourths in value of each such class of shareholders or creditors, as the case may be, that are present and voting either in person or by proxy at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder has the right to express to the court the view that the transaction ought not to be approved, the court can be expected to approve the arrangement if it determines that:

| ● | the                                                                                                                                   
 statutory provisions as to the required majority vote have been met;                                                                  |
| ● | the                                                                                                                                   
 shareholders have been fairly represented at the meeting in question and the statutory majority are acting bona fide without coercion 
 of the minority to promote interests adverse to those of the class;                                                                   |
| ● | the                                                                                                                                   
 arrangement is such that may be reasonably approved by an intelligent and honest man of that class acting in respect of his interest; 
 and                                                                                                                                   |
| ● | the                                                                                                                                   
 arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act.                        |

| 81 |

Conflicts of interest

Under Delaware corporate law, a contract between a corporation and a director or officer, or between a corporation and any other organization in which a director or officer has a financial interest, is not void as long as (i) the material facts as to our director’s or officer’s relationship or interest are disclosed or known and (ii) either a majority of the disinterested directors authorizes the contract in good faith or the shareholders vote in good faith to approve the contract. Nor will any such contract be void if it is fair to the corporation when it is authorized, approved or ratified by the board of directors, a committee or the shareholders.

Under our amended and restated Memor