Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 10

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 10
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 causing PubCo’s designated transfer agent (“Transfer      
 Agent”) to electronically transmit the Warrant Shares issuable upon such exercise to the Holder by crediting the account of 
 the Holder’s prime broker with The Depository Trust Company (“DTC”), through its Deposit/Withdrawal at Custodian            
 (“DWAC”) system, as specified in the relevant Exercise Form (or, in the event of an Automatic Exercise, as specified        
 in writing by the Holder), no later than the later of:                                                                      |

| (i) | two (2) Trading Days (or, if less, the number of Trading Days comprising the Standard                                                  
 Settlement Period) after the relevant Exercise Date; provided that a failure by the Transfer Agent to timely credit such Warrant       
 Shares in accordance with this Section (i) to the extent it is caused solely by a failure by the Holder or its designee to accept such 
 DWAC transmission (a “DWAC Acceptance Failure”) shall not be deemed a breach of this Section 4.1; provided, further,                   
 that PubCo or the Transfer Agent shall notify the Holder as promptly as possible (and in any event within one Trading Day) after PubCo 
 becomes aware of the fact that a DWAC Acceptance Failure has occurred; and                                                             |

| (ii) | one (1) Trading Day after the date the applicable aggregate Exercise Price is received 
 by PubCo; or                                                                           |

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| (b) | in the case of an exercise at a time when the Warrant Shares issuable upon such                                                             
 exercise are required to bear a restrictive legend pursuant to Section 4.3(b) because none of the Unrestricted Conditions is met in respect 
 thereof (or, only if directed by the Holder, following a DWAC Acceptance Failure), issue and dispatch by overnight courier to the address   
 as specified in the Exercise Form, a certificate, registered in the name of the Holder or its designee (or make appropriate book-entry      
 notation), for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise, within five (5) Trading Days after   
 the relevant Exercise Date.                                                                                                                 |

Upon the exercise
of this Warrant or any part hereof, PubCo shall, at its own cost and expense, take all necessary action, including obtaining and delivering
an opinion of counsel (or making arrangements for delivery of, and reliance by the Transfer Agent upon, an opinion of counsel to the Holder,
as contemplated by