Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 334

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 334
---
--------------|-----------:|:--|:----|:----------|-----------:|:--|
| Customer relationships                 |     | $             |  4,594,812 |   |     | $         |  4,594,812 |   |
| License                                |     |               |    139,865 |   |     |           |    139,865 |   |
| Trademark                              |     |               |    224,809 |   |     |           |    224,809 |   |
| Less: accumulated amortization         |     |               | (2,223,628 | ) |     |           | (1,686,260 | ) |
| Total definite-lived intangible assets |     | $             |  2,735,858 |   |     | $         |  3,273,226 |   |

Amortization expense for six
months ended September 30, 2024 and 2023 was amounted to $537,367 and $573,693, respectively.

The following
table sets forth the Company’s amortization expense for the next five years ending:

|                                                        |     | Amortization 
 expenses     |           |
|:-------------------------------------------------------|:----|:-------------|----------:|
| Twelve months ending September 30, 2025                |     | $            | 1,041,288 |
| Twelve months ending September 30, 2026                |     |              | 1,041,288 |
| Twelve months ending September 30, 2027                |     |              |   619,070 |
| Twelve months ending September 30, 2028                |     |              |    10,419 |
| Twelve months ending September 30, 2029 and thereafter |     |              |    23,793 |
| Total                                                  |     | $            | 2,735,858 |

<div align='center'>F-83

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 10 — Bank Loans

Outstanding
balance of banking facilities consisted of the following:

|                                      | Bank name |                                        | Maturity date |     | Interest  
 rate      |     |                                                                                                                                                | Collateral/Guarantee |            | September 30, 2024 |     |   | March 31, 202