Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 30

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 30
---
 (including the remedy of specific performance) are subject to, as to enforceability, the discretion of the court from which          
 such relief may be sought and general principles of equity.                                                                                    |

| 7.2 | Acquisition Entirely for Own Account. This Warrant is entered into by PubCo                                                             
 in reliance upon the Holder’s representation to PubCo that the Warrant and the Warrant Shares will be acquired for investment for       
 the Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and         
 that the Holder has no present intention of selling, granting any participation in or otherwise distributing the same. By acknowledging 
 this Warrant, the Holder further represents that the Holder does not have any contract, undertaking, agreement, or arrangement with any 
 person to sell, transfer or grant participations to such person or to any third person, with respect to the Warrant Shares.             |

| 7.3 | Investment Experience. The Holder is an investor in securities of companies                                                              
 in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment, and has such 
 knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the 
 Warrant Shares.                                                                                                                          |

| 7.4 | Accredited Investor. The Holder is, and at the time of exercise of this                                                              
 Warrant, will be (i) a non-U.S. person in accordance with Regulation S under the Securities Act or (ii) an institutional “accredited 
 investor” within the meaning of Rule 501(a) of Regulation D, as presently in effect, as promulgated by the Securities Act.           |

| 8. | ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES |

The number and kind of Warrant
Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

| 8.1 | Subdivision or Combination. If, at any time prior to the exercise of this                                                                    
 Warrant, the number of outstanding Ordinary Shares is (i) increased by a dividend payable in securities of PubCo or by a subdivision or      
 split-up of ordinary shares of PubCo, or (ii) decreased by a combination of ordinary shares of PubCo, then, following the record date        
 fixed for the determination of holders of ordinary shares of PubCo entitled to