Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 41

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 41
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 we anticipate we will incur in connection with the offering of securities under this registration statement. An estimate of the aggregate fees and expenses in connection with the issuance and distribution of securities offered hereby will be included in the prospectus supplement applicable to such offering. |

Item 15. Indemnification of Directors and Officers.

Section 145 of the DGCL
provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection
with any threatened, pending or completed actions, suits or proceedings in which such person is made a party by reason of such person
being or having been a director, officer, employee or agent of the Registrant. The DGCL provides that Section 145 is not exclusive
of other rights to which those seeking indemnification may be entitled under any bylaws, agreement, vote of stockholders or disinterested
directors or otherwise. The Registrant’s Charter and Bylaws provide for indemnification by the Registrant of its directors and officers
to the fullest extent permitted by the DGCL.

Section 102(b)(7) of
the DGCL permits a corporation to provide in its Charter that a director of the corporation shall not be personally liable to the corporation
or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (1) for any breach of the
director’s duty of loyalty to the corporation or its stockholders, (2) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (3) for unlawful payments of dividends or unlawful stock repurchases redemptions
or other distributions or (4) for any transaction from which the director derived an improper personal benefit. The Registrant’s
Charter provides for such limitation of liability to the fullest extent permitted by the DGCL.

The Registrant has entered
into indemnification agreements with each of its directors and executive officers to provide contractual indemnification in addition to
the indemnification provided in our Charter. Each indemnification agreement provides for indemnification and advancements by the Registrant
of certain expenses and costs relating to claims, suits or proceedings arising from his or her service to the Registrant or, at our request,
service to other entities, as officers or directors to the maximum extent permitted by applicable law. We believe that these provisions
and agreements are necessary to attract qualified directors.