Company: GCL
Filing Date: 2025-07-08
Form Type: 424B3
Source: 0001213900-25-062059
Chunk: 14

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-08
Form: 424B3
Chunk 14
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 hereof, assuming Rule 144 is available to sell securities of PubCo    
 and Pubco is not required to meet current public information requirements pursuant to Rule 144, that the Holder certifies that it is not      
 an “affiliate” of PubCo (as such term is used under Rule 144 under the Securities Act) and that the Holder’s holding                          
 period for purposes of Rule 144 under the Securities Act (including, for the avoidance of doubt, subsection (d)(3)(ii) thereof) of at         
 least six (6) months, or (E) if such legend is not otherwise required under applicable requirements of the Securities Act (including judicial 
 interpretations and pronouncements issued by the staff of the Commission) as determined in good faith by counsel to PubCo or as set forth     
 in a legal opinion delivered by counsel to the Holder (collectively, the “Unrestricted Conditions”).                                          |

<div align='center'>8</div>

PubCo shall
cause its counsel to issue a legal opinion to the Transfer Agent, or shall have made arrangements with the Holder reasonably acceptable
to the Holder in respect of the delivery by counsel to the Holder of a legal opinion and taken such actions as shall be necessary to ensure
that the Transfer Agent will rely on such opinion, in any case, promptly after the Registration Effective Date, or at such other time
as any of the Unrestricted Conditions has been satisfied, if required by the Transfer Agent to effect the issuance of this Warrant or
the Warrant Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions
is met at the time of issuance of the Warrant Shares then such Warrant Shares shall be issued free of all legends and stop-transfer instructions.
PubCo agrees that if any of the Unrestricted Conditions is met after the issuance of any Warrant Shares or such legend is otherwise no
longer required under this Section 4.3(b), it will, no later than the second trading day following the delivery by the Holder to PubCo
or the Transfer Agent of the Warrant Shares issued with a restrictive legend, deliver or cause to be delivered to the Holder or its designee
the Warrant Shares free from all restrictive and other legends (or similar notations) by crediting the account of the Holder’s prime
broker with DTC, through its DWAC system.

For purposes
hereof, “” shall mean the date that the first Registration Statement covering the Warrant
Shares that