Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 38

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 38
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 right to redeem all, but not less than all, of the Outstanding Amount
then remaining under this Note (the “Company Optional Redemption Amount”) on the Company Optional Redemption Date (each
as defined below) (a “Company Optional Redemption”). The portion of this Note subject to redemption pursuant to this
Section 8(a) shall be redeemed by the Company in cash at a price (the “Company Optional Redemption Price”) equal to
the greater of (i) 120% of the Outstanding Amount being redeemed as of the Company Optional Redemption Date and (ii) the product of (1)
the quotient of (A) the Conversion Amount being redeemed divided by (B) the Alternate Conversion Price then in effect as of the Company
Optional Redemption Date multiplied by (2) the greatest Closing Sale Price of the Ordinary Shares on any Trading Day during the period
commencing on the date immediately preceding such Company Optional Redemption Notice Date and ending on the Trading Day immediately prior
to the date the Company makes the entire payment required to be made under this Section 8(a). The Company may exercise its right to require
redemption under this Section 8(a) by delivering a written notice thereof by electronic mail and overnight courier to all, but not less
than all, of the holders of Notes (the “Company Optional Redemption Notice” and the date all of the holders of Notes
received such notice is referred to as the “Company Optional Redemption Notice Date”). The Company may deliver only
one Company Optional Redemption Notice hereunder and such Company Optional Redemption Notice shall be irrevocable. The Company Optional
Redemption Notice shall (x) state the date on which the Company Optional Redemption shall occur (the “Company Optional Redemption Date”) which date shall not be less than thirty (30) Business Days nor more than forty (40) Business Days following the Company
Optional Redemption Notice Date, and (y) state the aggregate Conversion Amount of the Notes which is being redeemed in such Company Optional
Redemption from the Holder and all of the other holders of the Notes pursuant to this Section 8(a) (and analogous provisions under the
Other Notes) on the Company Optional Redemption Date. Notwithstanding anything herein to the contrary, at any time prior to the date the
Company Optional Redemption Price is paid, in full, the Company Optional Redemption Amount may be converted, in whole or in part, by the
Holder into Ordinary Shares pursuant to Section 3. All Conversion Amounts converted by the Holder after the Company Optional Redemption
Notice Date shall