Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 79

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 79
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 in
connection with the execution, delivery, registration or performance of, or otherwise with respect to, this Note (“Other Taxes”).

(c) The
Company shall deliver to the Holder official receipts, if any, in respect of any Taxes and Other Taxes payable hereunder promptly after
payment of such Taxes and Other Taxes or other evidence of payment reasonably acceptable to the Holder.

(d) If
the Company fails to pay any amounts in accordance with this Section 34, the Company shall indemnify the Holder within ten (10) calendar
days after written demand therefor, for the full amount of any Taxes or Other Taxes, plus any related interest or penalties, that are
paid by the Holder to the relevant governmental authority or other relevant governmental authority as a result of such failure.

(e) The
obligations of the Company under this Section 34 shall survive the termination of this Agreement and the payment of all amounts payable
hereunder.

<div align='center'>[signature page follows]

48</div>

IN WITNESS WHEREOF, the Company
has caused this Note to be duly executed as of the Issuance Date set out above.

| GCL Global Holdings Ltd. |        |
| By:                      |        |
|                          | Name:  |
|                          | Title: |

<div align='center'>Senior Convertible Note - Signature Page

EXHIBIT I

GCL GLOBAL HOLDINGS LTD.
CONVERSION NOTICE</div>

Reference is made to the Senior
Convertible Note (the “Note”) issued to the undersigned by GCL Global Holdings Ltd., a company organized under the
laws of the Cayman Islands (the “Company”). In accordance with and pursuant to the Note, the undersigned hereby elects
to convert the Conversion Amount (as defined in the Note) of the Note indicated below into Ordinary Shares, $0.0001 par value per share
(the “Ordinary Shares”), of the Company, as of the date specified below. Capitalized terms not defined herein shall
have the meaning as set forth in the Note.

| Date of Conversion:                                                                                                                                                                   |
| Aggregate Principal to be converted:                                                                                                                                                  |
| Aggregate accrued and unpaid Interest and accrued and unpaid Late Charges with respect to such portion of the Aggregate Principal and such Aggregate Interest to be converted:        |
| AGGREGATE CONVERSION AMOUNT                                                                                                                                                           
 TO BE CONVERTED:                                                                                                                                                                      |
| Please confirm the following information:                                                                                                                                             |
| Conversion Price:                                                                                                                                                                     |
| Number of Ordinary Shares to be