Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 152

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 152
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iv) The
Company shall have obtained approval of the Principal Market to list or designate for quotation (as the case may be) the Registrable Securities.

(xv) Such
Buyer shall have received a letter on the letterhead of the Company (the “Initial Flow of Funds Letter”) duly executed
by the Chief Financial Officer of the Company, setting forth the wire amounts of each Buyer and the wire transfer instructions of the
Company with respect to the Initial Closing.

(xvi) The
Company and its Subsidiaries shall have delivered to such Buyer such other documents, instruments or certificates relating to the transactions
contemplated by this Agreement as such Buyer or its counsel may reasonably request.

(b) The obligation of each
Buyer hereunder to purchase its Additional Note at any such Additional Closing is subject to the satisfaction, at or before such applicable
Additional Closing Date, of each of the following conditions, provided that these conditions are for each Buyer’s sole benefit
and may be waived by such Buyer at any time in its sole discretion by providing the Company with prior written notice thereof:

(i) The Company
shall have duly executed and delivered to such Buyer each applicable Transaction Documents to which it is a party and the Company shall
have duly executed and delivered to such Buyer such Additional Note being purchased by such Buyer at such Additional Closing pursuant
to this Agreement.

(ii) Solely
with respect to each Subsequent Additional Closing, such Buyer shall have received the legal opinion with respect to matters of Cayman
Islands law from the Company’s Cayman Islands legal counsel and the legal opinion with respect to matters of U.S. law from the Company’s
United States counsel, each dated as of such Additional Closing Date, in the form acceptable to such Buyer.

(iii) Solely
with respect to each Subsequent Additional Closing, the Company shall have delivered to such Buyer a copy of the Irrevocable Transfer
Agent Instructions, in the form acceptable to such Buyer, which instructions shall have been delivered to and acknowledged in writing
by the Company’s transfer agent and shall remain in full force and effect as of such Additional Closing Date.

(iv) Solely
with respect to each Subsequent Additional Closing, the Company shall have delivered to such Buyer a certificate evidencing the formation
and good standing (if a good standing concept exists in such jurisdiction) of the Company in such entity’s jurisdiction of formation
issued by the Secretary of State (or comparable office) of such jurisdiction of formation as of a date within ten (10