Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 195

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 195
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 7, 2025 (the “OCBC Warrant”), in connection with that certain Facility Letter dated as of October
1, 2024, as supplemented by those certain Supplemental Letters dated as of March 12, 2025 and July 7, 2025, between the Holder and Epicsoft
Asia Pte. Ltd. (the “Borrower”) which is a wholly-owned subsidiary of the Company for a financing of up to SGD5,000,000 (together,
the “Facility Agreement”). On July 29, 2025, the Company and the OCBC entered into Amendment No. 1 to the OCBC Warrant (the
“Amendment”) to clarify their commercial understanding that none of the terms of the Warrant shall have any legal effect
on the Borrower and/or the Company unless and until the entire SGD 5,000,000 has been disbursed to the Borrower by the Holder under the
Facility Agreement; and that the Holder will have no claims for penalties, damages and legal remedies of any kind against either the
Company or the Borrower for non-performance of any obligations under the OCBC Warrant. The Amendment also provides that, among other
things, until the full amount of SGD5,000,000 is disbursed by OCBC to the Borrower pursuant to the Facility Agreement, (i) the Warrant
shall not be capable of exercise of any kind, and shall remain un-exercisable; and (ii) the Holder will have no rights to Piggyback Registration
(as defined in the OCBCWarrant). Under the Amendment, the Company will have six months from the date the full amount of SGD5,000,000
is disbursed to file a registration statement for the public resale of all of the Warrant Shares (as defined in the OCBC Warrant).

Escrow Provisions

Shares Escrow Agreement

On December 18, 2024, in
connection with GCL Global’s acquisition of 20% of Nekcom’s equity interests, GCL Global issued to Nekcom an aggregate of
524,650 GCL Global’s fully paid and non-assessable ordinary shares that were exchanged for an aggregate of 2,126,729 PubCo’s
ordinary shares (the “Nekcom Consideration Shares) in connection with the Business Combination, all of which were issued at Closing
but held in escrow until Full Recoupment Date (as defined in the