Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 11

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 11
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 FAST, the Company
shall fail to issue and deliver to the Holder (or its designee) a certificate and register such Ordinary Shares on the Company’s
share register or, if the Transfer Agent is participating in FAST, the Transfer Agent shall fail to credit the balance account of the
Holder or the Holder’s designee with DTC for the number of Ordinary Shares to which the Holder is entitled upon the Holder’s
conversion hereunder or pursuant to the Company’s obligation pursuant to clause (II) below or (B) a Notice Failure occurs, and if
on or after such Share Delivery Deadline the Holder acquires (in an open market transaction, share loan or otherwise) Ordinary Shares
corresponding to all or any portion of the number of Ordinary Shares issuable upon such conversion that the Holder is entitled to receive
from the Company and has not received from the Company in connection with such Conversion Failure or Notice Failure, as applicable (a
“Buy-In”), then, in addition to all other remedies available to the Holder, the Company shall, within one (1) Business
Day after receipt of the Holder’s request and in the Holder’s discretion, either: (I) pay cash to the Holder in an amount
equal to the Holder’s total purchase price (including brokerage commissions, share loan costs and other out-of-pocket expenses,
if any) for the Ordinary Shares so acquired (including, without limitation, by any other Person in respect, or on behalf, of the Holder)
(the “Buy-In Price”), at which point the Company’s obligation to so issue and deliver such certificate (and to
issue such Ordinary Shares) or credit the balance account of such Holder or such Holder’s designee, as applicable, with DTC for
the number of Ordinary Shares to which the Holder is entitled upon the Holder’s conversion hereunder (as the case may be) (and to
issue such Ordinary Shares) shall terminate, or (II) promptly honor its obligation to so issue and deliver to the Holder a certificate
or certificates representing such Ordinary Shares or credit the balance account of such Holder or such Holder’s designee, as applicable,
with DTC for the number of Ordinary Shares to which the Holder is entitled upon the Holder’s conversion hereunder (as the case may
be) and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (x) such number of Ordinary
Shares multiplied by (y) the lowest Closing Sale Price of the Ordinary