Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 149

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 149
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 available funds in accordance with the Initial Flow of Funds Letter (as defined below).

(iii) The
representations and warranties of such Buyer shall be true and correct in all material respects as of the date when made and as of the
Initial Closing Date as though originally made at that time (except for representations and warranties that speak as of a specific date,
which shall be true and correct as of such specific date), and such Buyer shall have performed, satisfied and complied in all material
respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by such
Buyer at or prior to the Initial Closing Date.

(b) The obligation of the
Company hereunder to issue and sell such applicable Additional Notes to each Buyer at such applicable Additional Closing is subject to
the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions
are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer
with prior written notice thereof:

(i) Such Buyer
shall have executed each of the other Transaction Documents to which it is a party and delivered the same to the Company.

(ii) Such
Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price (less, in the case of any Buyer, the amounts
withheld pursuant to Section 4(g)) for the Additional Note being purchased by such Buyer at the Additional Closing by wire transfer
of immediately available funds in accordance with such applicable Additional Flow of Funds Letter (as defined below).

(iii) The
representations and warranties of such Buyer shall be true and correct in all material respects as of the date when made and as of such
Additional Closing Date as though originally made at that time (except for representations and warranties that speak as of a specific
date, which shall be true and correct as of such specific date), and such Buyer shall have performed, satisfied and complied in all material
respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by such
Buyer at or prior to the Additional Closing Date.

7. CONDITIONS
TO EACH BUYER’S OBLIGATION TO PURCHASE.

(a) The obligation of each
Buyer hereunder to purchase its Initial Note at the Initial Closing is subject to the satisfaction, at or before the Initial Closing
Date, of each of the following conditions, provided that these conditions are for each