Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 40

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 40
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 following the 24-month anniversary of the Commencement Date; |

| · | the date on which B. Riley Principal Capital II shall have purchased shares of Common Stock under the 
 Purchase Agreement for an aggregate gross purchase price equal to $50,000,000;                        |

| · | the date on which the Common Stock shall have failed to be listed or quoted on the NYSE or any other Eligible 
 Market;                                                                                                       |

| 19 |

| · | the 30th trading day after the date on which a voluntary or involuntary bankruptcy proceeding involving 
 our Company has been commenced that is not discharged or dismissed prior to such trading day; and       |

| · | the date on which a bankruptcy custodian is appointed for all or substantially all of our property, or 
 we make a general assignment for the benefit of our creditors.                                         |

We have the right to terminate
the Purchase Agreement at any time after Commencement, at no cost or penalty to us, upon 10 trading days’ prior written notice to
B. Riley Principal Capital II. We and B. Riley Principal Capital II may also terminate the Purchase Agreement at any time by mutual written
consent.

B. Riley Principal Capital
II also has the right to terminate the Purchase Agreement upon 10 trading days’ prior written notice to us, but only upon the occurrence
of certain events, including:

| · | the occurrence and continuation of a Material Adverse Effect (as such term is defined in the Purchase 
 Agreement);                                                                                           |

| · | the occurrence of a Fundamental Transaction (as such term defined in the Purchase Agreement) involving 
 our Company;                                                                                           |

| · | if any registration statement is not filed by the applicable Filing Deadline (as defined in the Registration                                   
 Rights Agreement) or declared effective by the SEC by the applicable Effectiveness Deadline (as defined in the Registration Rights Agreement), 
 or the Company is otherwise in breach or default in any material respect under any of the other provisions of the Registration Rights          
 Agreement, and, if such failure, breach or default is capable of being cured, such failure, breach or default is not cured within 10 trading   
 days after notice of such failure, breach or default is delivered to us;                                                                       |

| · | if we are in breach or default in any material respect of any of our covenants and agreements in the Purchase                          
 Agreement or in the Registration Rights Agreement, and, if such breach or default is capable of being cured, such breach or default is 
 not