Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 95

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 95
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 Corporation (“Sega”), Take-Two Interactive
Software UK Limited (“Take-two”), CD Projekt S.A. (“CDPR”) and Warner Bros. Games
to sell select game titles within certain territories in Asia. Together with Epicsoft Hong Kong, Epicsoft Malaysia and 2Game, Epicsoft
Asia currently has one of the largest networks for video games distribution in Asia through resellers with more than 2,100 physical and
online stores, and has sold more than 14.1 million of physical and digital copies of video games during the past three fiscal years.

We started distributing
Sega© game titles and products in 2018. Pursuant to a Distribution License Agreement dated February 1, 2018 which was amended on
April 1, 2020 (as amended, the “Sega Distribution Agreement”), EpicSoft Asia was given a non-exclusive, non-sublicensable,
limited license to distribute certain Sega© game titles and products (the “Sega Licensed Products”) in Southeast Asian
countries, Hong Kong and Macau. Pursuant to the Sega Distribution Agreement, Epicsoft Asia has agreed to conduct marketing, advertisement
and promotion activities, and provide end user customer and technical support, for the Sega Licensed Products within the defined distribution
territory. In return, Epicsoft Asia may purchase the Sega Licensed Products based on an agreed discount to the suggested retail price
determined by Sega, and is entitled to make a claim to Sega for reasonable marketing costs actually incurred. The Sega Distribution Agreement
has an initial term of one year and automatically renews annually for one year periods unless earlier terminated by either party upon
45 days’ written notice to the other party.

| 3 | https://www.gamespot.com/gallery/top-10-best-selling-video-games-of-all-time/2900-4814/#1 |

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On August 20, 2018, Epicsoft
Asia and Sega entered into an Activation Key Distribution Agreement (the “Sega Activation Key Agreement”) pursuant to which
Epicsoft Asia was given non-exclusive right to sell and distribute activation keys of certain Sega© games via the Steam download
platform in Singapore, Malaysia, the Philippines, Indonesia, Thailand, the Peoples’ Republic of China, Hong Kong and Macau. Pursuant
to the Sega Activation Key Agreement, Epicsoft Asia has agreed to conduct marketing, advertisement and promotion activities, and provide
end user customer and technical support, for the activation keys at its own costs