Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 104

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 104
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 Person receive income from any source other than the Company or its Subsidiaries which relates to the business of the Company or its Subsidiaries or should properly accrue to the Company or its Subsidiaries. No employee, officer, shareholder or director of the Company or any of its Subsidiaries or member of his or her immediate family is indebted to the Company or its Subsidiaries, as the case may be, nor is the Company or any of its Subsidiaries indebted (or committed to make loans or extend or guarantee credit) to any of them, other than (i) for payment of salary for services rendered, (ii) reimbursement for reasonable expenses incurred on behalf of the Company, and (iii) for other standard employee benefits made generally available to all employees or executives (including share option agreements outstanding under any share option plan approved by the Board of Directors of the Company).

(s)

(i) :

(A) “Ordinary Shares” means (x) the Company’s Ordinary Shares, $0.0001 par value per share, and (y) any share capital into which
such ordinary shares shall have been changed or any share capital resulting from a reclassification of such ordinary shares.

(B) “Preferred Shares” means (x) the Company’s blank check preferred shares, $0.0001 par value per share, the terms of which may be designated
by the board of directors of the Company in a certificate of designations and (y) any share capital into which such preferred shares shall
have been changed or any share capital resulting from a reclassification of such preferred shares (other than a conversion of such preferred
shares into Ordinary Shares in accordance with the terms of such certificate of designations).

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(ii) . sets forth as of the date hereof, the authorized, issued and outstanding share
capital of the Company as well as all outstanding equity linked securities, including all options, warrants, restricted share units, Ordinary
Share Equivalents (as defined below) (other than the Notes). No Ordinary Shares are held in the treasury of the Company. “Ordinary Share Equivalents” means any share capital or other security of the Company or any of its Subsidiaries that is at any time and
under any circumstances directly or indirectly convertible into, exercisable or exchangeable for, or which otherwise entitles the holder
thereof to acquire, any share capital or other security of the Company (including, without limitation, Ordinary