Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 294

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 294
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2029             |     |           |       - |   |     |          |  45,806 |   |     |       |  45,806 |   |
| Twelve months ending March 31, 2030             |     |           |       - |   |     |          |       - |   |     |       |       - |   |
| Total lease payments                            |     |           | 513,186 |   |     |          | 269,110 |   |     |       | 782,296 |   |
| Less: discount                                  |     |           | (26,067 | ) |     |          | (19,976 | ) |     |       | (46,043 | ) |
| Present value of lease liabilities              |     | $         | 487,119 |   |     | $        | 249,134 |   |     | $     | 736,253 |   |
| Present value of lease liabilities, current     |     | $         | 376,751 |   |     | $        |  84,528 |   |     | $     | 461,279 |   |
| Present value of lease liabilities, non-current |     | $         | 110,368 |   |     | $        | 164,606 |   |     | $     | 274,974 |   |

<div align='center'>F-52

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 23 — Commitments and contingencies

Legal

From time to time, the Company
is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount
of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated
financial statements.

On December 18, 2024, the
Company, through its subsidiary 4Divinity SG, entered into a Publishing Agreement with NEKCOM Private Limited and its PRC affiliate (collectively,
“NEKCOM”), pursuant to which 4Divinity SG was appointed as the global publisher and distributor of the video game SHOWA American Story (the “Licensed Game”) for all platforms and territories, excluding certain regions previously licensed
to other parties. Under the terms of the agreement, 4Divinity