Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 66

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 66
---
 Registration Rights Agreement) or (y) all Registrable Securities
shall be eligible for sale pursuant to Rule 144 (as defined in the Securities Purchase Agreement) without the need for registration under
any applicable federal or state securities laws (in each case, disregarding any limitation on conversion of the Notes, other issuance
of securities with respect to the Notes) and no Current Public Information Failure (as defined in the Registration Rights Agreement) exists
or is continuing; (ii) on each day during the period beginning thirty calendar days prior to the applicable date of determination and
ending on and including the applicable date of determination (the “Equity Conditions Measuring Period”), the Ordinary
Shares (including all Registrable Securities) is listed or designated for quotation (as applicable) on an Eligible Market and shall not
have been suspended from trading on an Eligible Market (other than suspensions of not more than two (2) days and occurring prior to the
applicable date of determination due to business announcements by the Company) nor shall delisting or suspension by an Eligible Market
have been threatened (with a reasonable prospect of delisting occurring after giving effect to all applicable notice, appeal, compliance
and hearing periods) or reasonably likely to occur or pending as evidenced by (A) a writing by such Eligible Market or (B) the Company
falling below the minimum listing maintenance requirements of the Eligible Market on which the Ordinary Shares is then listed or designated
for quotation (as applicable); (iii) during the Equity Conditions Measuring Period, the Company shall have delivered all Ordinary Shares
issuable upon conversion of this Note on a timely basis as set forth in Section 3 hereof and all other shares of share capital required
to be delivered by the Company on a timely basis as set forth in the other Transaction Documents; (iv) any Ordinary Shares to be issued
in connection with the event requiring determination (or issuable upon conversion of the Outstanding Amount being redeemed in the event
requiring this determination) may be issued in full without violating Section 3(d) hereof; (v) any Ordinary Shares to be issued in connection
with the event requiring determination (or issuable upon conversion of the Outstanding Amount being redeemed in the event requiring this
determination (without regards to any limitations on conversion set forth herein)) may be issued in full without violating the rules or
regulations of the Eligible Market on which the Ordinary Shares is then listed or designated for quotation (as applicable); (vi) on