Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 15

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 15
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 PubCo is required to file pursuant to this Warrant has been declared effective by the Commission. The Holder, by acceptance
hereof, acknowledges and agrees that the removal of any restrictive legends from any securities as set forth in this Section 4.3(b) is
predicated upon PubCo’s reliance that the Holder will sell such securities pursuant to either the registration requirements of the
Securities Act or an exemption therefrom, and that if such securities are sold pursuant to a registration statement, they will be sold
while such registration statement is effective and available for resales of such securities, in compliance with the plan of distribution
set forth therein.

| (c) | The Holder covenants that it will not sell or otherwise transfer any Warrants or                                                                 
 Warrant Shares except pursuant to an effective registration statement under the Securities Act or pursuant to an exemption from the registration 
 and prospectus-delivery requirements of the Securities Act.                                                                                      |

| 4.4 | Replacement of Warrant. On receipt of evidence reasonably satisfactory to                                                               
 PubCo of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an   
 indemnity agreement reasonably satisfactory in form and substance to PubCo or, in the case of mutilation, on surrender and cancellation 
 of this Warrant, PubCo shall execute and deliver, in lieu of this Warrant, a new Warrant of like tenor and amount.                      |

| 4.5 | Register of Members. Following the exercise of this Warrant in accordance                                                              
 with Sections 2 and 3, PubCo shall issue and deliver the Warrant Shares to the Holder in accordance with Section 4, and deliver to the 
 Holder a certified true copy of the register of members of PubCo evidencing the ownership of the Warrant Shares.                       |

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| 4.6 | No Right to Vote. Until the Warrant shall have been exercised and the Warrant                                                                     
 Shares shall have been issued, as provided in this Section 4, nothing contained herein shall be construed to confer upon the Holder, as           
 such, any of the rights of a shareholder of PubCo or any right to vote for the election of directors or upon any matter submitted to shareholders 
 at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalisation, issuance of shares,            
 reclassification of shares, change of par value