Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 187

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 187
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<div align='center'>110</div>

From time to time, Mr. Choo was required to provide personal guarantee to certain bank loans and trust receipt financings of the Company.
As of September 30, 2024, Mr. Choo has provided personal guarantee for an aggregate amount of approximately $9.1 million of the Company’s
outstanding indebtedness, at interest rates ranging between 2.5% and 6.1%.

Registration Rights Agreement

At the Closing, we entered into a registration rights agreement (the “Registration Rights Agreement”) with certain the Sponsor, EBC and Epicsoft Ventures with respect to Ordinary Shares received by such holders in exchanged for certain securities (including the founder shares, private placement warrants and merger consideration shares) at the Closing. The Registration Rights Agreement provides certain demand registration rights and piggyback registration rights to such holders, subject to underwriter cutbacks and issuer blackout periods. We agree to pay certain fees and expenses relating to registrations under the Registration Rights Agreement. For details of the Registration Rights Agreement, see Exhibit 10.1 to the registration statement of which this prospectus forms a part.

Lock-Up Agreement

At the Closing, certain holders of GCL Global’s ordinary shares before the consummation of the Business Combination and the Sponsor executed a lock-up agreement (the “Lock-Up Agreement”). Pursuant to the Lock-Up Agreement, such holders agree, subject to certain customary exceptions, not to Transfer (as defined therein) certain number of PubCo Ordinary Shares until the earlier of (i) the date that is 12 months following the Closing Date, and (ii) subsequent to the Mergers, (a) the date on which the last sale price of the PubCo Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share splits, share consolidations, share capitalizations, rights issuances, subdivisions, reorganizations, recapitalization and the like) for any 20 Trading Days within any 30 Trading Day period commencing at least 150 days after the consummation of the Mergers, or (b) the date on which PubCo completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of PubCo’s shareholders having the right to exchange their PubCo Ordinary Shares for cash, securities or other property. These lock-up provisions can be waived at any time by the Company. For details of the form of Lock-Up Agreement, see Exhibit 10.2 to the registration statement of which