Company: GCL
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037646
Chunk: 15

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-30
Form: 424B3
Chunk 15
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 above, as at the Offer
Announcement Date and based on the latest information available to the Offeror, none of the Relevant Persons has:

| 10.2.1 | entered into an arrangement (whether by way of option, indemnity or otherwise) in relation to shares of 
 the Offeror or the Relevant Securities which might be material to the Offer;                            |

| 10.2.2 | received any irrevocable commitment or undertaking from any party to accept or reject the Offer in respect 
 of any Relevant Securities, save for the Irrevocable Undertakings;                                         |

| 10.2.3 | granted any security interest in respect of any Relevant Securities in favour of another person, whether 
 through a charge, pledge or otherwise;                                                                   |

| 10.2.4 | borrowed any Relevant Securities from another person (excluding borrowed Relevant Securities which have 
 been on-lent or sold); and                                                                              |

| 10.2.5 | lent any Relevant Securities to another person. |

| 10.3 | Confidentiality |

In the interests of confidentiality,
the Offeror has not made enquiries in respect of certain other persons who are or may be presumed to be acting in concert with the Offeror
in connection with the Offer. Further enquiries will be made of such persons and the relevant disclosures, if any, will be made in due
course and in the Offer Document.

| 11. | CONFIRMATION OF FINANCIAL RESOURCES |

Icon Law LLC, as the legal adviser
to the Offeror in connection with the Offer, confirms that sufficient financial resources are available to the Offeror to satisfy in full
all acceptances of the Offer by Shareholders on the basis of the Offer Price.

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| 12. | OFFER DOCUMENT |

Further information on the Offer will
be set out in the Offer Document to be issued. The Offer Document, which will set out the full terms and conditions of the Offer and enclose
the appropriate form(s) of acceptance of the Offer, will be electronically disseminated via an announcement on SGXNET and the Company’s
website not earlier than 14 days and not later than 21 days from the Offer Announcement Date. The Offer will remain open for acceptances
by Shareholders for a period of at least 28 days from the date of posting of the Offer Document.

A hardcopy notification and the appropriate
form(s) of acceptance of the Offer will be despatched to