Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 85

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 85
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more written notices (each an “Additional Mandatory Closing Notice”, and together with each Additional Optional Closing
Notice, each an “Additional Closing Notice”, and the date of each Additional Mandatory Closing Notice, each, an “Additional Mandatory Closing Notice Date”, together with each Additional Optional Closing Notice Date, an “Additional Closing Notice Date”), executed by the chief executive officer or chief financial officer of the Company, to require each Buyer to purchase,
subject to the satisfaction (or waiver) of the Additional Closing Conditions and continued compliance with (or waiver of) the Additional
Mandatory Closing Notice Eligibility Conditions, as applicable, up to $42.5 million in aggregate principal amount of Additional Notes
in in accordance with this Section 1(b)(ii)(2).

(B) .
Each Additional Mandatory Closing Notice shall (A) certify that an Additional Mandatory Closing Eligibility Date exists as of such date
of determination and that, other than with respect to deliverables to be delivered to each Buyer at such Additional Mandatory Closing,
all of the conditions to closing set forth in this Section 1(b)(ii) and Sections 6(b) and 7(b) below have been satisfied in full as of
such applicable Additional Mandatory Closing Notice Date, (B) state the aggregate principal amount of the Additional Notes to be purchased
by the Buyers (which, with respect to any given Buyer (x) at the First Additional Closing shall not exceed such aggregate principal amount
of such Additional Notes as set forth opposite its name in column (4) on the Schedule of Buyers and (y) at any Subsequent Closing, shall
not exceed the lesser of (I) such Buyer’s pro rata allocation of $4 million and (II) such aggregate principal amount of such Additional
Notes as set forth opposite its name in column (5) on the Schedule of Buyers (subject to reduction, on a dollar-for-dollar basis for the
aggregate principal amount of any Additional Notes issued in any Subsequent Additional Closing prior to such date of determination) (or
such other amount as the Company and each such applicable Buyer shall mutually agree)), (C) specify the proposed date of such Additional
Mandatory Closing (which shall be no less than two (2) Business Days nor more than twenty (20) Business Days after such Additional Mandatory
Closing Notice Date, subject to the right of each Buyer, by written notice to the Company, to accelerate such applicable Additional Closing
Date (each, an “Additional Mandatory Closing Date”, and together with the Initial Closing Date and each