Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 31

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 31
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illed vacancies by reason of death, resignation, disqualification, removal
for cause, failure to elect or otherwise with respect to any director, may be filled only by the vote of a majority of the remaining directors
then in office, although less than a quorum, or by the sole remaining director.

Forum Selection

Our
Charter provides that unless the Company consents in writing to the selection of an alternative forum, the Court of Chancery of the State
of Delaware will, to the fullest extent permitted by applicable law, be the sole and exclusive forum for: i) (a) any derivative action
or proceeding brought on behalf of the Company, (b) any action asserting a claim of breach of a fiduciary duty owed by any current
or former director, officer, other employee or stockholder of the Company to the Company or our stockholders, (c) any action asserting
a claim against us or our current or directors, officers, employees, or stockholders arising pursuant to any provision of the DGCL, our
Charter or our Bylaws (as either may be amended or restated) or as to which the DGCL confers jurisdiction on the Court of Chancery of
the State of Delaware or (d) any action asserting a claim against us or our current or former directors, officers, employees, or
stockholders governed by the internal affairs doctrine of the law of the State of Delaware. In addition, our Charter designates the federal
district courts of the United States of America as the exclusive forum for the resolution of any complaint asserting a cause of action
arising under the Securities Act.

Section 27
of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange
Act or the rules and regulations thereunder. As a result, the exclusive forum provision in our Charter will not apply to suits brought
to enforce any duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction.

Although
we believe these provisions benefit us by providing increased consistency in the application of Delaware law in the types of lawsuits
to which it applies, a court may determine that these provisions are unenforceable, and to the extent they are enforceable, the provisions
may have the effect of discouraging lawsuits against our directors and officers, although our stockholders will not be deemed to have
waived its compliance with federal securities laws and the rules and regulations thereunder.

Section 203 of the