Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 41

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 41
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 cured within 10 trading days after notice of such breach or default is delivered to us;                                            |

| · | the effectiveness of the registration statement that includes this prospectus or any additional                                           
 registration statement we file with the SEC pursuant to the Registration Rights Agreement lapses for any reason (including the            
 issuance of a stop order by the SEC), or this prospectus or the prospectus included in any additional registration statement we file      
 with the SEC pursuant to the Registration Rights Agreement otherwise                                                                      
 becomes unavailable to B. Riley Principal Capital II for the resale of all of the shares of Common Stock included therein, and such lapse 
 or unavailability continues for a period of 45 consecutive trading days or for more than an aggregate of 90 trading days in any 365-day   
 period, other than due to acts of B. Riley Principal Capital II; or                                                                       |

| · | trading in the Common Stock on the NYSE (or if the Common Stock is then listed on an Eligible Market,                  
 trading in the Common Stock on such Eligible Market) has been suspended for a period of five consecutive trading days. |

No termination
of the Purchase Agreement by us or by B. Riley Principal Capital II will become effective prior to the fifth trading day immediately following
the date on which any pending Purchase and any pending Intraday Purchase has been fully settled in accordance with the terms and conditions
of the Purchase Agreement, and no termination will affect any of the respective rights and obligations of the Company or B. Riley Principal
Capital II under the Purchase Agreement with respect to any pending Purchase, any pending Intraday Purchase, the Commitment Shares, including
any cash “make-whole” payment we may be required to pay to B. Riley Principal Capital II under certain circumstances as specified
in the Purchase Agreement, and any fees and disbursements of B. Riley Principal Capital II’s legal counsel in connection with the
transactions contemplated by the Purchase Agreement and the Registration Rights Agreement. Both we and B. Riley Principal Capital II have
agreed to complete our respective obligations with respect to any such pending Purchase and any pending Intraday Purchase under the Purchase
Agreement. Furthermore, no termination of the Purchase Agreement will affect the Registration Rights Agreement, which will survive any
termination of the Purchase Agreement.

| 20 |

No Short-Selling or Hedging by B. Riley Principal Capital II

B. Riley Principal
Capital II has agreed that none of B. Riley Principal Capital II, its sole member, any of their respective officers