Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 34

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 34
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 between such indemnified and indemnifying             
 parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably     
 satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any      
 settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party    
 who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than     
 one counsel (plus local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable 
 judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties  
 with respect to such claim. No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment  
 or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying  
 party pursuant to the terms of such settlement) or which settlement does not include as an unconditional term thereof the giving by the      
 claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.                      |

| 10.4 | The indemnification provided for under this Agreement shall remain in full force and effect regardless                                 
 of any investigation made by or on behalf of the indemnified party or any officer, director or controlling person of such indemnified  
 party and shall survive the transfer of securities. Each of PubCo and the Holder participating in an offering also agrees to make such 
 provisions as are reasonably requested by any indemnified party for contribution to such party in the event PubCo’s or the Holder’s    
 indemnification is unavailable for any reason.                                                                                         |

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| 10.5 | If the indemnification provided under Section 10 hereof from the indemnifying party is unavailable or                                         
 insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein,    
 then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified 
 party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative      
 fault