Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 54

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 54
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 U.S. courts may be limited, because PubCo is incorporated under Cayman Islands law.

PubCo is an exempted company
incorporated under the laws of the Cayman Islands. PubCo’s corporate affairs are governed by PubCo’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 PubCo’s directors, actions by PubCo’s minority shareholders and the fiduciary
duties of PubCo’s directors to PubCo 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 PubCo’s shareholders and the fiduciary duties of PubCo’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 PubCo or against these individuals in the Cayman