Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 75

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 75
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 “Price Failure” means, with respect to a particular date of determination, the daily VWAP of the Ordinary Shares on any Trading Day
during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed the
Conversion Price. All such determinations to be appropriately adjusted for any share splits, share dividends, share combinations, recapitalizations
or other similar transactions during any such measuring period.

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(uu) “Principal Market” means the Nasdaq Global Select Market (or such applicable Eligible Market in which the Ordinary Shares of the Company
is then principally trading).

(vv) “Redemption Notices” means, collectively, the Event of Default Redemption Notices, the Company Optional Redemption Notices, and the Change
of Control Redemption Notices, and each of the foregoing, individually, a “Redemption Notice.”

(ww) “Redemption Premium” means 125%.

(xx) “Redemption Prices” means, collectively, Event of Default Redemption Prices, the Change of Control Redemption Prices, and the Company Optional
Redemption Prices, and each of the foregoing, individually, a “Redemption Price.”

(yy) “Registration Rights Agreement” means that certain registration rights agreement, dated as of the Closing Date, by and among the Company and
the initial holders of the Notes relating to, among other things, the registration of the resale of the Ordinary Shares issuable upon
conversion of the Notes or otherwise pursuant to the terms of the Notes, as may be amended from time to time.

(zz) “SEC”
means the United States Securities and Exchange Commission or the successor thereto.

(aaa) “Securities Purchase Agreement” means that certain securities purchase agreement, dated as of the Subscription Date, by and among the Company
and the initial holders of the Notes pursuant to which the Company issued the Notes, as may be amended from time to time.

(bbb) “Subscription Date” means [_________ __, 2025].

(ccc) “Subsidiaries”
shall have the meaning as set forth in the Securities Purchase Agreement.

(ddd) “Subject Entity” means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.

(eee) “Successor Entity” means the Person (or, if so elected by the Holder, the Parent Entity) formed by, resulting from or surviving any Fundamental
Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with