Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 270

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 270
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 to $4,293,000, of which $759,000 and $3,534,000 were recognized at current and non-current portion at the consolidated 
 balance sheets, respectively. As March 31, 2024, the fair value of contingent consideration for acquisition amounted to $3,697,000,             
 of which $2,319,000 and $1,378,000 were recognized at current and non-current portion at the consolidated balance sheets, respectively.         
 The fair value of the contingent consideration as of September 1, 2022 and March 31, 2024 and 2023 were estimated by applying                   
 income approach which considers the present value of the expected future payment, discounted using a risk-adjusted discount rate of 5.3%,       
 as of September 1, 2022, March 31, 2024 and 2023, which are not observable in the market (level 3 inputs).                                      |

In October 2023, the Company also paid cash
consideration of an aggregated amount of $540,496 and share consideration of $266,214 by issuing 20,468 Company’s ordinary shares
to above mentioned third parties upon achievements of 2Game’s financial performance milestones for the year ended March 31,
2023.

<div align='center'>F-42

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 2Game:

|                            |     | Fair value       
 as of            
 acquisition date |           |   |
|:---------------------------|:----|:-----------------|----------:|:--|
| Total consideration        |     | $                | 3,367,398 |   |
| Non-controlling interest   |     |                  | 2,590,000 |   |
| Less: net assets of 2Game: |     |                  |           |   |
| Cash                       |     |                  |       428 |   |
| Prepayments                |     |                  |     7,338 |   |
| Intangible assets          |     |                  | 4,742,000 |   |
| Total assets               |     |                  | 4,749,766 |   |
| Accounts payable           |     |                  |   (33