Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 9

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 9
---
.00 per RFAC Private Placement Warrant, generating additional gross proceeds of        
 $450,000.                                                                                         |

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

| ● | “RFAC                                                                                   
 Private Placement Warrants” means the warrants purchased in the RFAC Private Placement. |

| ● | “RFAC                                                                                 
 Public Shares” means the shares of RFAC Class A Common Stock sold as part of the RFAC 
 Units in the IPO.                                                                     |

| ● | “RFAC                                                     
 Public Stockholder” means a holder of RFAC Public Shares. |

| ● | “RFAC                                                                                    
 Public Warrants” means the RFAC warrants sold as part of the RFAC Units in the IPO,      
 each warrant entitling its holder to purchase one share of RFAC Class A Common Stock for 
 $11.50 per share.                                                                        |

| ● | “RFAC                                                                                    
 Public Rights” or “RFAC Rights” means the RFAC rights sold as part of the                
 RFAC Units in the IPO, each right entitling its holder to receive one-tenth of one share 
 of RFAC Class A Common Stock upon the consummation of an initial business combination.   |

| ● | “RFAC                                                                                    
 Units” means units of RFAC, each unit comprising one share of RFAC Class A Common Stock, 
 one RFAC Public Right, and one RFAC Public Warrant.                                      |

| ● | “RFAC                                                                         
 Warrants” means the RFAC Public Warrants and RFAC Private Placement Warrants. |

| ● | “SEC”                                              
 means the U.S. Securities and Exchange Commission. |

| ● | “Securities                                        
 Act” means the Securities Act of 1933, as amended. |

| ● | “SPAC                                                        
 Merger” means the merger of Merger Sub 2 with and into RFAC. |

| ● | “Sponsor”                                                   
 means RF Dynamic LLC, a Delaware limited liability company. |

| ● | “Sponsor                                                                            
 Founder Shares” means an aggregate of 2,875,000 RFAC Class A Common Stock issued to 
 Sponsor in exchange for cash of $25,000 on January 21, 2021.                        |

| ● | “Trading                                                            
 Day” means any day on which the Trading Market is open for trading. |

| ● | “Trading                                                                                
 Market” means the national stock exchange on which the PubCo Ordinary Shares are listed 
 for trading.                                                                            |

|