Company: GCL
Filing Date: 2025-05-01
Form Type: S-8
Source: 0001213900-25-038431
Chunk: 4

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-01
Form: S-8
Chunk 4
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 time shall be deemed to be the initial bona fide offering thereof. |

| (c) | Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. |

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Exhibits</div>

| Exhibit No. 
 3.1         |     | Description                                                                                                                                                                                                   
 Amended and Restated Memorandum and Articles of Association of GCL Global Holdings Ltd. (incorporated by reference to Exhibit 1.1 to the Form 20-F filed by the Registrant with the SEC on February 26, 2025) |
|:------------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1*        |     | Specimen of ordinary share of GCL Global Holdings Ltd.                                                                                                                                                        |
| 4.2*        |     | GCL Global Holdings Ltd. Equity Incentive Plan                                                                                                                                                                |
| 5.1*        |     | Opinion of Carey Olsen Singapore LLP                                                                                                                                                                          |
| 23.1*       |     | Consent of Marcum Asia LLP                                                                                                                                                                                    |
| 23.2*       |     | Consent of Marcum Asia LLP                                                                                                                                                                                    |
| 23.3*       |     | Consent of Marcum LLP                                                                                                                                                                                         |
| 24.1        |     | Power of Attorney (contained in the signature pages hereto)                                                                                                                                                   |
| 107*        |     | Filing Fee Table                                                                                                                                                                                              |

| * | Filed herewith |

<div align='center'>II-3

SIGNATURE</div>

Pursuant to the requirements
of the Securities