Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 262

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 262
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1,960,956 | ) |     | $ |      2,273,155 |

The following tables summarizes the consideration
transferred to acquiring starry at the date of acquisition:

| Share issuance*                   |     | $ | 564,546 |
| Total consideration at fair value |     | $ | 564,546 |

<div align='center'>F-38

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The following table summarizes the fair value of
the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at
the date of the acquisition of Starry:

|                             |     | Fair value       
 as of            
 acquisition date |         |   |
|:----------------------------|:----|:-----------------|--------:|:--|
| Total consideration         |     | $                | 564,546 |   |
| Less: net assets of Starry: |     |                  |         |   |
| Cash                        |     |                  | 128,843 |   |
| Inventory                   |     |                  |  57,102 |   |
| Prepaid expense             |     |                  |  34,202 |   |
| Deposit Paid                |     |                  |     442 |   |
| Intangible asset            |     |                  | 131,810 |   |
| Total assets                |     |                  | 352,399 |   |
| Accounts payable            |     |                  |  (9,796 | ) |
| Other payable               |     |                  | (23,896 | ) |
| Deferred tax liability      |     |                  | (23,034 | ) |
| Total liabilities           |     |                  | (56,726 | ) |
| Total net assets of Starry  |     |                  | 295,673 |   |
| Goodwill                    |     | $                | 268,873 |   |

The purchase price was allocated to the identifiable
intangible assets acquired and liabilities assumed based on their acquisition date estimated fair values. The identifiable intangible
assets principally included licenses, with estimated useful lives of 1.0 years based on the expected future economic benefit of the
assets and are being amortized over the estimated useful life in proportion to the economic benefits consumed using the straight-line
method.

The Company, with the assistance of a third-party
appraiser, assessed the fair