Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 81

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 81
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A. The
Company and each Buyer is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of Regulation D (“Regulation D”)
as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the 1933 Act.

B. The
Company has authorized a new series of original issue discount senior convertible debentures of the Company, in the aggregate original
principal amount of $45,500,000, substantially in the form attached hereto as Exhibit A (the “Notes”),
which Notes shall be convertible into shares of Ordinary Shares (as defined below) (the Ordinary Shares issuable pursuant to the terms
of the Notes, including, without limitation, upon conversion or otherwise, collectively, the “Conversion Shares”),
in accordance with the terms of the Notes.

C. Each
Buyer wishes to purchase, and the Company wishes to sell at the Initial Closing (as defined below), upon the terms and conditions stated
in this Agreement, a Note in the aggregate original principal amount as set forth opposite such Buyer’s name in column (3) on the
Schedule of Buyers (which aggregate principal amount for all Buyers shall not exceed $2,900,000) (each an “Initial Note”,
and collectively, the “Initial Notes”)(the Conversion Shares issuable pursuant to the terms of the Initial Notes, collectively,
the “Initial Conversion Shares”).

D. Subject
to the terms and conditions set forth in this Agreement, the Company may require each Buyer, severally, (or one or more Buyers may require
the Company, as applicable) to participate in one or more Additional Closings (as defined below) for the purchase by such Buyer, and the
sale by the Company, of (a) with respect to the First Additional Closing (as defined below), a Note in the aggregate original principal
amount not to exceed the maximum aggregate principal amount as set forth opposite such Buyer’s name in column (4) on the Schedule
of Buyers (which aggregate principal amount for all Buyers participating in the First Additional Closings shall not exceed $2,530,000
(or such other amount as the Company and each Buyer shall mutually agree in writing)) (such closing of the purchase of such Notes, the
“First Additional Closing”) and (b) with respect to any Subsequent