Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 197

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 197
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center'>110</div>

Registration Rights

In connection with, and
as a condition to the consummation of, the Business Combination, the Company, certain holders of GCL Global’s ordinary shares before
the consummation of the Business Combination, and the Sponsor entered into a registration rights agreement, pursuant to which, among
other things, the Company agreed to provide such holders with certain rights relating to the registration for resale of the Company’s
Ordinary Shares that they received in the Business Combination. A registration statement for the resale of these securities was filed
with the SEC on April 3, 2025 and was declared effective on April 7, 2025.

Pursuant to a Registration Rights Agreement dated May 21, 2025 between
the Company and PIPE Investor (the “Registration Rights Agreement”), the Company has agreed to provide certain registration
rights with respect to the Shares and file a registration statement with the SEC to register the Shares within twelve (12) months from
May 21, 2025 (the “Initial Closing Date”), and to have such registration statement effective within the earlier of the 15th
month anniversary of the Initial Closing Date and the second business day after the date the Company is notified by the SEC that such
registration statement will not be reviewed or will not be subject to further review. We are registering these Shares on behalf of PIPE
Investor in order to satisfy its obligations under this Registration Rights Agreement.

On July 7, 2025, the Company
issued to Oversea-Chinese Banking Corporation Limited (“OCBC”) certain Warrant to Purchase Ordinary Shares of GCL Global
Holdings Ltd dated as of July 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