Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 190

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 190
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 may speak and 
 vote on behalf of the shareholder;                                                       |

| ● | no                                                                                               
 business may be transacted at a general meeting unless a quorum is present. A quorum is those    
 shareholders present in person or by proxy or by a duly authorised representative holding        
 shares entitled to vote on the business to be transacted which represent not less than one-third 
 of all issued shares, unless PubCo has only one shareholder in which case that shareholder       
 alone constitutes a quorum                                                                       |

| ● | an                                                                                           
 ordinary resolution of shareholders is passed by a simple majority of such shareholders as,  
 being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general 
 meeting of the PubCo and where a poll is taken regard shall be had in computing a majority   
 to the number of votes to which each shareholder is entitled by the PubCo Charter.           |

| ● | a                                                                                            
 special resolution of shareholders is passed by a majority of not less than two-thirds of    
 such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, 
 by proxy at a general meeting of PubCo of which notice specifying the intention to propose   
 the resolution as a special resolution has been duly given and where a poll is taken regard  
 shall be had in computing a majority to the number of votes to which each shareholder is     
 entitled;                                                                                    |

The PubCo Charter do not permit the adoption by the shareholders of resolutions in writing. A shareholder resolution must be passed at a meeting of the shareholders.

Shareholders have no general right under the PubCo Charter to bring business before a general meeting of PubCo, save in the case of any shareholders right to requisition a general meeting provided the minimum shareholder requirement is met.

Appointment of Directors

The directors of PubCo may be appointed by an ordinary resolution of the shareholders. Alternatively, the PubCo board of directors may, by the affirmative vote of a simple majority of the directors present and voting at a board meeting appoint any person as a director to fill a casual vacancy on the board or as an addition to the existing board. The PubCo directors are not automatically subject to a term of office and hold office until such time as their office is vacated or where they are removed from office by an ordinary resolution of shareholders or otherwise in accordance with the PubCo Charter. In addition, a director will cease to be a director if, among other things the director (i) becomes bankrupt or makes any arrangement or composition with his or her creditors