Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 73

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 73
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 estate investment trusts and regulated investment companies; |

| ● | tax-exempt                                                                                       
 organizations, qualified retirement plans, individual retirement accounts, or other tax-deferred 
 accounts;                                                                                        |

| ● | expatriates                                                     
 or former citizens or long-term residents of the United States; |

| ● | subchapter                                                                                 
 S corporations, partnerships or other pass-through entities or investors in such entities; |

| ● | any                               
 holder that is not a U.S. Holder; |

| ● | dealers                                              
 or traders in securities, commodities or currencies; |

| ● | grantor 
 trusts; |

| ● | persons                                 
 subject to the alternative minimum tax; |

| ● | U.S.                                                        
 persons whose “functional currency” is not the U.S. dollar; |

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| ● | persons                                                                                        
 who received shares of Ordinary Shares through the issuance of restricted stock under an       
 equity incentive plan or through a tax-qualified retirement plan or otherwise as compensation; |

| ● | persons                                                                                      
 who own (directly or through attribution) 5% or more (by vote or value) of the issued shares 
 of the Company;                                                                              |

| ● | the                              
 Company’s officers or directors; |

| ● | persons                                                           
 that hold Warrants or other rights to acquire Ordinary Shares; or |

| ● | holders                                                                        
 holding Ordinary Shares as a position in a “straddle,” as part of a “synthetic 
 security” or “hedge,” as part of a “conversion transaction,”                   
 or other integrated investment or risk reduction transaction;                  |

As used in this prospectus,
the term “U.S. Holder” means a beneficial owner of Ordinary Shares for U.S. federal income tax purposes:

| ● | an                                                            
 individual who is a citizen or resident of the United States; |

| ● | a                                                                                           
 corporation (or other entity that is classified as a corporation for U.S. federal income    
 tax purposes) that is created or organized in or under the laws of the United States or any 
 State thereof or the District of Columbia;                                                  |

| ● | an                                                                                         
 estate the income of which is subject to U.S. federal income tax regardless of its source; 
 or                                                                                         |

| ● | a                                                                                           
 trust (i) the administration of which is subject to the primary supervision of a U.S. court 
 and which has one or more “United States persons” (within the meaning of Section            
 770