Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 261

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 261
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 each exercise of this Warrant
shall be deemed to be (a) in the case of any Voluntary Exercise, the 10th Business Day after the date of the Notice of Exercise in respect
of such exercise; and (b) in the case of the Automatic Exercise, the first Trading Day immediately after the Determination Date, provided
that the aggregate Exercise Price has been delivered to PubCo.”

| 1.4 | Section 4.2 of the Warrant is hereby amended as follows (with double 
 underline representing additions):                                   |

“. Subject to Section 4.3(c), this Warrant and all rights hereunder are transferable, in whole or in part, during the Exercise Period,by the Holder without charge to the Holder, upon surrender of this Warrant to PubCo at its then principal offices, providedthat the following conditions are met: (a) the intended transferee has the financial capability or means to pay the Exercise Price in accordance with terms of this Warrant and has not engaged in any conduct that has resulted in a material violation of any anti-corruption laws and any laws relating to economic or trade sanctions applicable to it, and (b) within one (1) week from the date the Holder notifies PubCo of the intended transferee, the Underwriter has not advised PubCo that the transfer or assignment of the Warrant will have a material adverse effect on the marketing of any Registration. If the Underwriter has advised PubCo that such transfer of the Warrant will have a material adverse effect on the marketing of any Registration, PubCo shall cause the Underwriter to inform the Holder of the material adverse effect in reasonable detail to the extent that no non-public sensitive information will be disclosed.”

| 1.5 | Clause (a) of Section 5.1 is hereby amended as follows (with strike-through representing 
 deletions and double underline representing additions):                                  |

| “5.1 | Shelf Registration. |

| (a) | Filing. PubCo shall as soon                                                                                                                     
 as reasonably practicable, but in any event within six months of the date of this Warrant commencement                                          
 date of the Exercise Period, file with the Commission a Registration Statement for a Shelf Registration on Form F-1 (the “Form                  
 F-1 Shelf”) covering, subject to Section 5.7, the public resale of all of the Warrant Shares on a delayed or continuous basis                   
 and shall use its commercially reasonable efforts to cause such Form F-1 Shelf to be declared