Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 257

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 257
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450, comprised of 67% in cash and 33%              
 in shares, is to be issued upon the successful listing on the US capital market. |

| ● | Tranche                                                                                  
 3 — A consideration of $800,000, comprising 67% in cash and 33% in                       
 shares, is to be paid upon 2Game’s achievement in a gross revenue target of $19,400,000  
 and a Net Profit After Tax (NPAT) of $714,273 for the fiscal year ending March 31, 2023. |

| ● | 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 for the fiscal year ending March 31, 2024.                         |

| ● | 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 for the fiscal year ending March 31, 2025                        |

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