New York, Ny 10022
ARC Group Acquisition II Corp.
D. BORAL ARC ACQUISITION III CORP.
10 E. 53rd St. Suite 3001
New York, NY 10022
May 14, 2025
MFH 3, LLC
10 E. 53rd St. Suite 3001
New York, NY 10022
Ladies and Gentlemen:
D. Boral ARC Acquisition III Corp., a British Virgin Islands corporation and blank check company (the “Company”), is pleased to accept the offer MFH 3, LLC, a Delaware limited liability company (the “Subscriber”) has made to purchase 12,321,429 shares of the Company’s Class B ordinary shares (the “Founder Shares”), $0.0001 par value per share (the “Class B Ordinary Shares”), up to 1,607,143 of which are subject to complete or partial forfeiture by the Subscriber if the underwriters of the proposed initial public offering (“IPO”) of the Company pursuant to the registration statement on Form S-1 expected to be filed by the Company in connection with the IPO (the “Registration Statement”) do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Ordinary Shares” are to, collectively, the Class B Ordinary Shares and the Company’s Class A ordinary shares, $0.0001 par value per share (the “Class A Ordinary Shares”). Pursuant to the Company’s memorandum and articles of association, as amended to the date hereof (the “Charter”), shares of Class B Ordinary Shares will automatically convert into Class A Ordinary Shares on a one-for-one basis, subject to adjustment, upon the terms and conditions set forth in the Charter. Unless the context otherwise requires, as used herein
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