Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 154

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 154
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 designated for quotation or listed (as applicable) on the Principal Market and (B) shall not have been suspended,
as of such Additional Closing Date, by the SEC or the Principal Market from trading on the Principal Market nor shall suspension by the
SEC or the Principal Market have been threatened, as of such Additional Closing Date, either (I) in writing by the SEC or the Principal
Market or (II) by falling below the minimum maintenance requirements of the Principal Market.

(xi) The
Company shall have obtained all governmental, regulatory or third party consents and approvals, if any, necessary for the sale of the
Securities, including without limitation, those required by the Principal Market, if any.

(xii) No
statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by
any court or Governmental Entity of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by
the Transaction Documents.

(xiii) Since
the date of execution of this Agreement, no event or series of events shall have occurred that reasonably would have or result in a Material
Adverse Effect.

(xiv) The
Company shall have obtained approval of the Principal Market to list or designate for quotation (as the case may be) the Conversion Shares.

(xv) No
bona fide dispute shall exist, by and between (or among) any of the Buyers, any holder of Notes, and/or the Company, which dispute is
reasonably related to this Agreement, any of the Securities and/or the transactions contemplated hereby or thereby, as applicable.

(xvi) No
Event of Default (as defined in the Notes) exists as of such Additional Closing Date.

(xvii) Such
Buyer shall have received a letter on the letterhead of the Company (each, an “Additional Flow of Funds Letter”) duly
executed by the Chief Financial Officer of the Company, setting forth the wire amounts of each Buyer and the wire transfer instructions
of the Company with respect to such Additional Closing.

(xviii) The
Company and its Subsidiaries shall have delivered to such Buyer such other documents, instruments or certificates relating to the transactions
contemplated by this Agreement as such Buyer or its counsel may reasonably request.

8. TERMINATION.

In the event that the Initial
Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such Buyer shall have the right