Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 150

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 150
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 director, as applicable.

GCL Global Holdings Ltd Equity Incentive Plan

On February 13, 2025, upon closing of the Business Combination, the Company’s Board approved and adopted GCL Global Holdings Ltd Equity Incentive Plan (the “PubCo Equity Plan”).

Summary of the PubCo Equity Plan

The purpose of the PubCo Equity Plan is to help us attract, motivate and retain such persons with awards under the PubCo Equity Plan and thereby enhance shareholder value.

Types of Awards. The PubCo Equity Plan permits the awards of options, share appreciation rights, rights to dividends and dividend equivalent right, restricted shares and restricted share units and other rights or benefits under the Plan.

Plan Administration. The PubCo Equity Plan shall be administrated by a committee formed in accordance with applicable stock exchange rules, unless otherwise determined by the Board of directors.

Shares
available for Awards.An aggregate of 18,941,459 PubCo ordinary shares are reserved and available for grant and issuance under the PubCo Equity Plan. Subject to any adjustments provided in the PubCo Equity Plan, such aggregate number of shares will automatically increase every April 1 of each year, in an amount equal to 3% of the total number of ordinary shares outstanding on March 31 of the preceding year.

Eligibility. Employees, members of the Board and consultants of PubCo and its affiliates are eligible to participate in the PubCo Equity Plan. An employee, a director or consultant who has been granted an award may, if he or she is otherwise eligible, be granted additional awards.

Designation of Award. Each award under the PubCo Equity Plan is designated in an award agreement, which is a written agreement evidencing the grant of an award executed by the company and the grantee, including any amendments thereto.

Conditions of Award. PubCo’s board of directors or any entity appointed by its board of directors to administer the Plan shall determine the provisions, terms, and conditions of each award including, but not limited to, the award vesting schedule, repurchase provisions, rights of first refusal, forfeiture provisions, and form of payment upon settlement of the award.

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Terms of Award. The term of each award is stated in the award agreement between the company and the grantee of such award.

Transfer Restrictions. Unless otherwise determined by the administrator of the Plan, no award and no right under any such award, shall be assignable, alienable, saleable or transferable by the employee otherwise than by will or