Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 2

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 2
---
ABLE UPON EXERCISE OF THIS WARRANT ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH HEREIN. THIS INSTRUMENT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THIS INSTRUMENT AND SUCH AGREEMENT. ANY SALE OR OTHER TRANSFER NOT IN COMPLIANCE WITH THIS INSTRUMENT AND SUCH AGREEMENT WILL BE VOID. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED SALE OR TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT.

<div align='center'>GCL GLOBAL HOLDINGS LTD

WARRANT TO PURCHASE ORDINARY SHARES</div>

Issue Date:

WHEREAS, one of the subsidiaries
of GCL Global Holdings Ltd., a Cayman Islands exempted company (“”), namely Epicsoft Asia Pte. Ltd., a company
incorporated under the laws of The Republic of Singapore, having its registered office at 29 Tai Seng Avenue #02-01 Natural Cool Lifestyle
Hub, Singapore 534119 (the “”), has entered into that certain Facility Letter dated as of 1 October 2024, as
supplemented by the Supplemental Letter dated as of 12 March 2025, with Oversea-Chinese Banking Corporation Limited (the “”),
for a financing of up to SGD5,000,000 (the “”); and

WHEREAS, pursuant to clause
8.1(d) of the Supplemental Letter, one of the conditions precedent for the Borrower to draw funds under the Facility Agreement is that
the Holder be issued a warrant to purchase Ordinary Shares (as defined below);

NOW THEREFORE, in consideration
of the mutual agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

FOR VALUE RECEIVED, on and
after the date of issuance of this warrant (this “”), and subject to the terms and conditions set forth herein,
the Holder is entitled to purchase up to that number of Ordinary Shares (as specified below and subject to adjustment as described below)
from PubCo at a price per share equal to the Exercise Price (as defined below).

| 1. | DEFINITIONS AND INTERPRETATION |

| 1.1