Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 208

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 208
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 in a gross revenue target of $ 19,400,000 and a Net Profit After Tax (...  

  Tranche 4 — A consideration of $ 1,000,000, comprising 67% in cash and 33% in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $ 31,072,773 and an NPAT of $ 893,201 f...  

  Tranche 5 — A consideration of $ 1,320,000, comprising 67% in cash and 33% in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $ 37,852,287 and an NPAT of $ 1,238,956...  

Under
Tranche 3 to 5, in the event that either one or both the gross revenue and NPAT are below the gross revenue target and NPAT target, the
consideration shares shall be reduced on a pro rata basis.

Additionally,
in the event of 2Game’s net profit after tax (“ NPAT”) is in excess of the NPAT target set out in financial performance
milestones, the above mentioned third parties shall be entitled to the additional cash and shares consideration (“ Outperformance
Consideration”).

On October 17, 2023,
the Company, through a contract addendum, changed the consideration payment schedule to the following:

  Tranche 2 — A consideration of $ 2,993,450, comprised of 100% in shares, is to be issued upon the successful listing on the US capital market.  

  Tranche 4 — A consideration of $ 1,000,000, comprising 100% in cash, is to be paid upon 2Game’s achievement in a gross revenue target of $ 31,072,773 and an NPAT of $ 893,201 for the fiscal yea...  

  Tranche 5 — A consideration of $ 1,320,000, comprising 100% in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $ 37,852,287 and an NPAT of $ 1,238,956 for the fiscal...  

On December 29, 2024, the
Company, through another addendum, changed the consideration payment schedule.

  Tranche 2 — A consideration of $ 2,993,450, comprised of 10% in cash and 90% in shares,