Company: TOP
Filing Date: 2025-04-04
Form Type: POS AM
Source: 0001213900-25-029013
Chunk: 68

Company: TOP Financial Group Ltd
Filing Date: 2025-04-04
Form: POS AM
Chunk 68
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. Notwithstanding the foregoing, at our option,
payment of any interest may be made by check mailed to the address of the person entitled thereto as such address appears in the security
register.

Unless otherwise indicated in the applicable
prospectus supplement, a paying agent designated by us will act as paying agent for payments with respect to debt securities of each
series. All paying agents initially designated by us for the debt securities of a particular series will be named in the applicable prospectus
supplement. We may at any time designate additional paying agents or rescind the designation of any paying agent or approve a change
in the office through which any paying agent acts, except that we will be required to maintain a paying agent in each place of payment
for the debt securities of a particular series.

All moneys paid by us to a paying agent for the
payment of the principal, interest or premium on any debt security which remain unclaimed at the end of two years after such principal,
interest or premium has become due and payable will be repaid to us upon request, and the holder of such debt security thereafter may
look only to us for payment thereof.

Denominations, Registrations and Transfer

Unless an accompanying prospectus supplement
states otherwise, debt securities will be represented by one or more global certificates registered in the name of a nominee for The
Depository Trust Company, or DTC. In such case, each holder’s beneficial interest in the global securities will be shown on the
records of DTC and transfers of beneficial interests will only be effected through DTC’s records.

A holder of debt securities may only exchange
a beneficial interest in a global security for certificated securities registered in the holder’s name if:

| ● | we deliver to the trustee notice from DTC that it                                                                                   
 is unwilling or unable to continue to act as depository or that it is no longer a clearing agency registered under the Exchange Act 
 and, in either case, a successor depositary is not appointed by us within 120 days after the date of such notice from DTC;          |

| ● | we in our sole discretion determine that the debt                                                                                    
 securities (in whole but not in part) should be exchanged for definitive debt securities and deliver a written notice to such effect 
 to the trustee; or                                                                                                                   |

| ● | there has occurred and is continuing a default or     
 event of default with respect to the debt securities. |

If debt securities are issued in certificated
form, they will only be