Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 170

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 170
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 “Registrable Securities” means (i) the Conversion Shares, and (ii) any shares of the Company issued or issuable with respect to the Conversion
Shares or the Notes, including, without limitation, (1) as a result of any share split, share dividend, recapitalization, exchange or
similar event or otherwise and (2) any shares of the Company into which the Ordinary Shares are converted or exchanged and share capital
of a Successor Entity (as defined in the Notes) into which the Ordinary Shares are converted or exchanged, in each case, without regard
to any limitations on conversion of the Notes.

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(j) “Registration Statement” means a registration statement or registration statements of the Company filed under the 1933 Act covering Registrable
Securities.

(k) “Required Holders” shall have the meaning as set forth in the Securities Purchase Agreement.

(l) “Required Registration Amount” means, as of any time of determination, the sum of (i) 100% of the maximum number of Conversion Shares
issuable upon conversion of the Notes (assuming for purposes hereof that (w) all Additional Notes (as defined in the Securities Purchase
Agreement) issuable hereunder have been issued as of such date of determination, (x) the Notes are convertible at the Floor Price (as
defined in the Notes) as of such applicable date of determination, (y) interest on the Notes shall accrue through the third (3)
anniversary of the Initial Closing Date and will be converted in Ordinary Shares at a conversion price equal to the Floor Price as of
such applicable date of determination, and (z) any such conversion shall not take into account any limitations on the conversion of the
Notes set forth in the Notes), all subject to adjustment as provided in Section 2(d) and/or Section 2(f).

(m) “Rule 144” means Rule 144 promulgated by the SEC under the 1933 Act, as such rule may be amended from time to time, or any other similar
or successor rule or regulation of the SEC that may at any time permit the Investors to sell securities of the Company to the public without
registration.

(n) “Rule 415” means Rule 415 promulgated by the SEC under the 1933 Act, as such rule may be amended from time to time, or any other similar
or successor rule or regulation of the SEC providing for offering securities on a continuous or delayed basis