Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 88

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 88
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 in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

Fundamental Transaction.In the event of a fundamental transaction, as described in the Pre-Funded Warrants and generally including any
reorganization, recapitalization or reclassification of our Ordinary Shares, the sale, transfer or other disposition of all or
substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than
50% of our outstanding Ordinary Shares, or any person or group becoming the beneficial owner of 50% of the voting power represented
by our outstanding Ordinary Shares, the holders of the Pre-Funded Warrants will be entitled to receive upon exercise of the
Pre-Funded Warrants the kind and amount of securities, cash or other property that the holders would have received had they
exercised the Pre-Funded Warrants immediately prior to such fundamental transaction without regard to any limitations on exercised
contained in the Pre-Funded Warrants.

Exchange Listing. We
do not intend to apply to list the Pre-Funded Warrants on any securities exchange or other trading system.

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<div align='center'>MATERIAL INCOME TAX CONSIDERATIONS</div>

Cayman Islands Taxation

The Cayman Islands currently
levy no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to our Company levied by the Government of the Cayman
Islands save for certain stamp duties which may be applicable, from time to time, on certain instruments. No stamp duty is payable in
the Cayman Islands on transfers of shares of Cayman Islands companies save for those which hold interests in land in the Cayman Islands.
There are no exchange control regulations or currency restrictions in effect in the Cayman Islands.

We have received an undertaking
from the Governor in Cabinet of the Cayman Islands to the effect that, for a period of 20 years from the date of the undertaking, no law
that thereafter is enacted in the Cayman Islands imposing any tax or duty to be levied on profits, income, gains or appreciations shall
apply to our Company or its operations; and that no tax to be levied on profits, income, gains or appreciations or which is in the nature
of estate duty or inheritance tax shall be