Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 259

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 259
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/ Sebastian Toke |
|                      | Name:                   | Sebastian Toke     |
|                      | Title:                  | Group CEO          |

<div align='center'>2</div>

Exhibit 4.1

THIS INSTRUMENT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT RELATING THERETO OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THIS INSTRUMENT AND THE SECURITIES ISSUABLE 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

AMENDMENT NO 1. TO

WARRANT TO PURCHASE ORDINARY SHARES</div>

Issue Date:

WHEREAS, GCL Global Holdings
Ltd (“”) and Oversea-Chinese Banking Corporation Limited (the “”), entered into that
certain Warrant to Purchase Ordinary Shares of GCL Global Holdings Ltd dated as of 7 July 2025 (the “”), in
connection with that certain Facility Letter dated as of 1 October 2024, as supplemented by those certain Supplemental Letters dated as
of 12 March 2025 and 7 July 2025, between 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 “”)
and the Holder, for a financing of up to SGD5,000,000 (together