Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 70

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 70
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 or transferred separately; |

| ● | any provisions for the issuance, payment, settlement,                            
 transfer or exchange of the units or of the securities comprising the units; and |

| ● | whether the units will be issued in fully registered 
 or global form.                                      |

The applicable prospectus supplement will describe
the terms of any units. The preceding description and any description of units in the applicable prospectus supplement does not purport
to be complete and is subject to and is qualified in its entirety by reference to the unit agreement and, if applicable, collateral arrangements
and depository arrangements relating to such units.

<div align='center'>30

DESCRIPTION OF SHARE PURCHASE CONTRACTS AND SHARE PURCHASE UNITS</div>

We may issue share purchase contracts, including
contracts obligating holders to purchase from us, and obligating us to sell to the holders, a specified number of Class A ordinary shares
or other securities registered hereunder at a future date or dates, which we refer to in this prospectus as “share purchase contracts.”
The price per share of the securities and the number of shares of the securities may be fixed at the time the share purchase contracts
are issued or may be determined by reference to a specific formula set forth in the share purchase contracts.

The share purchase contracts may be issued separately
or as part of units consisting of a share purchase contract and debt securities, warrants, other securities registered hereunder, which
we refer to herein as “share purchase units.” The share purchase contracts may require holders to secure their obligations
under the share purchase contracts in a specified manner. The share purchase contracts also may require us to make periodic payments
to the holders of the share purchase units or vice versa, and those payments may be unsecured or refunded on some basis.

The share purchase contracts, and, if applicable,
collateral or depositary arrangements, relating to the share purchase contracts or share purchase units, will be filed with the SEC in
connection with the offering of share purchase contracts or share purchase units. The prospectus supplement relating to a particular
issue of share purchase contracts or share purchase units will describe the terms of those share purchase contracts or share purchase
units, including the following:

| ● | if applicable, a discussion of material tax considerations; 
 and                                                         |

| ● | any other information we think is important about         
 the share purchase contracts or the share purchase units. |

<div align='center'>DESCRIPTION OF RIGHTS</div>

We may issue rights to purchase Class A ordinary
shares that we may offer