Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 84

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 84
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its name (x) with respect to the First Additional Closing, in column (4) or (y) with respect to any Subsequent Additional Closing, in
column (5) (subject to reduction, on a dollar-for-dollar basis for the aggregate principal amount of any Additional Notes issued in any
Subsequent Additional Closing prior to such date of determination), as applicable, on the Schedule of Buyers (each, an “Additional Optional Notes Amount”). Each Additional Optional Closing Notice shall specify (x) the proposed date and time of the applicable
Additional Closing (which, if unspecified in such Additional Optional Closing Notice, shall be the fifth (5th) Trading Day after such
Additional Optional Closing Notice or such other date as is mutually agreed to by the Company and each Buyer, each, an “Additional Optional Closing Date”) and (y) the applicable Additional Optional Notes Amount of the Additional Note to be issued to such
Buyer at such Additional Closing, which amount shall be not less than $1,000,000. The Buyers’ rights to effect any Additional Optional
Closings hereunder shall terminate at 9:00 AM, New York City time on the forty-eight (48) month anniversary of the Initial Closing Date
(the “Additional Closing Expiration Date”).

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(2) .

(A) .
Subject to the satisfaction (or waiver) of the Additional Closing Conditions, at any time of determination, if (i) no greater than $1
million in aggregate principal amount of Notes remain outstanding, (ii) no Closings have occurred hereunder for a period of at least sixty
(60) Trading Days (as defined in the Notes), (iii) the resale by the Buyers of the Required Registration Amount (as defined in the Registration
Rights Agreement) of Conversion Shares has been registered pursuant to a registration statement declared effective by the SEC (and each
prospectus contained therein is available for use on such date of determination and no Grace Period (as defined in the Registration Rights
Agreement) then exists), and (iv) solely with respect to any Subsequent Additional Closing, no Equity Conditions Failure (as defined in
the Notes) then exists (such conditions, collectively, the “Additional Mandatory Closing Notice Eligibility Conditions, and
any such applicable date all such Additional Mandatory Closing Notice Eligibility Conditions are satisfied in full, each an “Additional Mandatory Closing Notice Eligibility Date”), the Company shall have the right exercisable by delivery to the Buyers of one or