Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 209

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 209
---
 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.

<div align='center'>118</div>

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 than a sum of money payable in respect of taxes or other charges of a like
nature, a fine or other penalty (which may include a multiple damages judgment in an anti-trust action) or where enforcement would be
contrary to public policy). The Grand Court of the Cayman Islands will also at common law enforce final and conclusive in personam judgments
of the Foreign Court that are non-monetary against the Company, for example, declaratory judgments ruling upon the true legal owner of
shares in a Cayman Islands company. The Grand Court of the Cayman Islands will exercise its discretion in the enforcement of non-money
judgments by having regard to the circumstances, such as considering whether the principles of comity apply. To be treated as final and
conclusive, any relevant judgment must be regarded as res judicata by the Foreign Court. A debt claim on a foreign judgment must
be brought within six years of the date of the judgment, and arrears of interest on a judgment debt cannot be recovered after six years
from the date on which the interest was due. The Cayman Islands courts are unlikely to enforce a judgment obtained from the Foreign Court
under civil liability provisions of U.S. federal securities law if such a judgment is found by the courts of the Cayman Islands to give
rise to obligations to make payments that are penal or punitive in nature. Such a determination has not yet been made by the Grand Court
of the Cayman Islands. A Cayman Islands court may