Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 87

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 87
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 of any Buyer,
the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial
Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the
Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such Buyer’s
name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

(ii) . On each applicable Additional Closing Date, (i) each Buyer participating in such Additional Closing shall pay its respective
applicable Additional Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) for such Additional
Closing to the Company for the Additional Notes to be issued and sold to such Buyer at such Additional Closing, by wire transfer of immediately
available funds in accordance with the Additional Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to such
applicable Buyer an Additional Note in the aggregate original principal amount as is set forth in the applicable Additional Mandatory
Closing Notice to be issued to such Buyer, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

(e) .
Each party hereto acknowledges that the Initial Notes and the Additional Notes shall be part of a single series of notes and shall rank
pari passu with each other.

2. BUYER’S
REPRESENTATIONS AND WARRANTIES.

Each Buyer, severally and
not jointly, represents and warrants to the Company with respect to only itself that, as of the date hereof and as of each Closing Date
in which such Buyer purchases any Notes hereunder, as applicable:

(a) . Such Buyer is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its
organization with the requisite power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents
(as defined below) to which it is a party and otherwise to carry out its obligations hereunder and thereunder.

(b) . Such Buyer (i) is acquiring its Note, and (ii) upon conversion of its Note will acquire the Conversion Shares issuable upon conversion thereof, in each case, for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof in violation of applicable