Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 52

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 52
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. GCL’s corporate affairs are governed by GCL’s Amended and Restated Memorandum
and Articles of Association, the Companies Act (As Revised) of the Cayman Islands and the common law of the Cayman Islands. The rights
of shareholders to take action against GCL’s directors, actions by GCL’s minority shareholders and the fiduciary duties of
GCL’s directors to GCL under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common
law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as from the
common law of England, the decisions of whose courts are of persuasive authority, but are not binding, on a court in the Cayman Islands.
The rights of GCL’s shareholders and the fiduciary duties of GCL’s directors under Cayman Islands law are not as clearly
established as they would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the Cayman
Islands have a less developed body of securities laws than the United States and provides significantly less protection to investors.
In addition, some U.S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the
Cayman Islands.

There is no statutory recognition
in the Cayman Islands of judgments obtained in the United States, although a judgment obtained in the United States will be recognized
and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of the underlying dispute, by
an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment (a) is given by a foreign
court of competent jurisdiction; (b) imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been
given; (c) is final; (d) is not in respect of taxes, a fine or a penalty; and (e) was not obtained in a manner and is not of a kind the
enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. It may be difficult or impossible for
you to bring an action against GCL or against these individuals in the Cayman Islands in the event that you believe that your rights
have been infringed under the applicable securities laws or otherwise. Even if you are successful in bringing an action of this kind,
the laws