Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 228

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 228
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-from-royalty method. This method calculates fair value by assuming that if the licenses and
trademarks were to be acquired from third-party owners, a royalty rate on revenue would be charged for the privilege of using the assets.
Consequently, the fair value of the licenses and trademarks represents the present value of the after-tax royalties saved as a result
of owning the legal right to utilize them.

The goodwill is not deductible
for income tax purposes and is related primarily to the expected synergies from combining the operations into the Company’s business
operation in console game.

— Acquisition of 2Game

On July 31, 2022, the Company, through its % owned subsidiary, GCL Global SG, entered into a share purchase agreement (the “SPA”) with three unrelated parties to acquire a % equity interest in 2Game. 2Game, incorporated in Hong Kong, primarily engages in the distribution of game codes and other related consumer items. Pursuant to the SPA, the Company is obligated to pay an aggregate of up to $ consideration which consist of following five tranches to the aforementioned three parties upon certain conditions are met.

| ● | Tranche 1 — A cash consideration of $6,550 is to be paid upon the completion of the acquisition of 2Game. |

| ● | Tranche 2 — A consideration of $2,993,450, comprised of 67% in cash and 33% in shares, is to be issued upon the successful listing on the US capital market. |

| ● | Tranche 3 — A consideration of $800,000, comprising 67% in cash and 33% in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $19,400,000 and a Net Profit After Tax (NPAT) of $714,273 for the fiscal year ending March 31, 2023. |

| ● | Tranche 4 — A consideration of $1,000,000, comprising 67% in cash and 33% in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $31,072,773 and an NPAT of $893,201 for the fiscal year ending March 31, 2024. |

| ● | Tranche 5 — A consideration of $1,320,000, comprising 67% in cash and 33