Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 213

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 213
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IL LIABILITIES UNDER U.S. SECURITIES LAWS</div>

Cayman Islands

The Company was incorporated in the Cayman Islands in order to enjoy the following benefits:

| ● | political               
 and economic stability; |

| ● | an                         
 effective judicial system; |

| ● | a                     
 favorable tax system; |

| ● | the                                                       
 absence of exchange control or currency restrictions; and |

| ● | the                                                
 availability of professional and support services. |

However, certain disadvantages accompany incorporation in the Cayman Islands. These disadvantages include, but are not limited to, the following:

| ● | the                                                                                          
 Cayman Islands has a less developed body of securities laws as compared to the United States 
 and these securities laws provide significantly less protection to investors; and            |

| ● | Cayman                                                                                         
 Islands companies may not have standing to sue before the federal courts of the United States. |

Our Amended and Restated Memorandum and Articles of Association do not contain provisions requiring that disputes, including those arising under the securities laws of the United States, between us, our officers, directors and shareholders, be arbitrated.

A majority of our Company’s operations are conducted outside the United States, and a majority of our Company’s assets are located outside the United States. A majority of our Company’s directors and officers are nationals or residents of jurisdictions other than the United States and a substantial portion of their assets are located outside the United States. As a result, it may be difficult for a shareholder to effect service of process within the United States upon these persons, or to enforce against our Company or them judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States.

Our Company has appointed Cogency Global Inc. as its agent upon whom process may be served in any action brought against it under the securities laws of the United States.

Carey Olsen Singapore LLP, our Company’s counsel as to Cayman Islands law, have advised our Company that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal or state courts of the United States (and the Cayman Islands are not a party to any treaties for the reciprocal enforcement or recognition of such judgments), the Grand Court of the Cayman Islands will at common law enforce final and conclusive in personam judgments of state and/or federal courts of the United States of America (the “Foreign Court”) of a debt or definite sum of money against the Company (other