Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 183

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 183
---
 person as a director to fill a casual vacancy
on the board or as an addition to the existing board. The Company directors are not automatically subject to a term of office and hold
office until such time as their office is vacated or where they are removed from office by an ordinary resolution of shareholders or
otherwise in accordance with the Company Charter. In addition, a director will cease to be a director if, among other things the director
(i) becomes bankrupt or makes any arrangement or composition with his or her creditors: (ii) dies or is found to be or becomes of unsound
mind within the scope of the Company Charter: (iii) resigns his or her office by notice in writing to the Company; (iv) without special
leave of absence from the Company Board, is absent from board meetings for a continuous period of 6 months and the Company directors
resolve that his or her office be vacated; (v) by notice in writing signed by not less than three-fourths of all the Company directors
in number; or (vi) is removed from office pursuant to any other provision of the Company Charter.

The officers of the Company
are appointed by and serve at the discretion of the board of directors, and may be removed by our board of directors.

Shareholder Suits

In principle, the Company
will normally be the proper plaintiff and as a general rule a derivative action may not be brought by a minority shareholder. However,
based on English authorities, which would in all likelihood be of persuasive authority in the Cayman Islands, the Cayman Islands courts
can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle and the exceptions thereto) so that
a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company to
challenge actions where:

| ● | a company acts or proposes       
 to act illegally or ultra vires; |

| ● | the act complained of, although                                                             
 not ultra vires, could only be effected duly if authorized by more than the number of votes 
 which have actually been obtained; and                                                      |

| ● | those who control the company 
 are perpetrating a “fraud     
 on the minority.”             |

A shareholder may have a
direct right of action against us where the individual rights of that shareholder have been infringed or are about to be infringed.

<div align='center'>105</div>

Warrants

The following summary is