Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 88

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 88
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 consequences arising under any U.S. state and local, or non-U.S. tax laws. U.S. Holders should consult their own tax advisors regarding such tax consequences in light of their particular circumstances.

The Company has not sought any rulings from the IRS with respect to the statements made and the positions or conclusions described in this summary; thus, there can be no assurance that the IRS will not challenge the U.S. federal income tax treatment described below or that, if challenged, such treatment will be sustained by a court.

This summary is limited to considerations relevant to U.S. Holders that hold Ordinary Shares as “capital assets” within the meaning of section 1221 of the Code (generally, property held for investment). This discussion does not address all aspects of U.S. federal income taxation that may be important to holders in light of their individual circumstances, including holders subject to special treatment under the U.S. tax laws, such as, for example:

| ● | banks                                                                  
 or other financial institutions, underwriters, or insurance companies; |

| ● | brokers                                                                                                                                    
 or dealers in securities or currencies or holders that are traders in securities who elect to apply a mark-to-market method of accounting; |

| ● | real                                                         
 estate investment trusts and regulated investment companies; |

| ● | tax-exempt organizations,                                                                   
 qualified retirement plans, individual retirement accounts, or other tax-deferred accounts; |

| ● | expatriates                                                     
 or former citizens or long-term residents of the United States; |

| ● | subchapter                                                                                 
 S corporations, partnerships or other pass-through entities or investors in such entities; |

| ● | any                               
 holder that is not a U.S. Holder; |

| ● | dealers                                              
 or traders in securities, commodities or currencies; |

| ● | grantor 
 trusts; |

| ● | persons                                 
 subject to the alternative minimum tax; |

| ● | U.S. persons                                        
 whose “functional currency” is not the U.S. dollar; |

| ● | persons                                                                                                                                              
 who received shares of Ordinary Shares through the issuance of restricted stock under an equity incentive plan or through a tax-qualified retirement 
 plan or otherwise as compensation;                                                                                                                   |

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| ● | persons                                                                                                      
 who own (directly or through attribution) 5% or more (by vote or value) of the issued shares of the Company; |

| ● | the                              
 Company’s officers or directors; |

| ● | persons                                                           
 that