Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 403

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 403
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 the undersigned 
 registrant or used or referred to by the undersigned registrant;                             |

| (iii) | The                                                                                        
 portion of any other free writing prospectus relating to the offering containing material  
 information about the undersigned registrant or its securities provided by or on behalf of 
 the undersigned registrant; and                                                            |

| (iv) | Any                                                                                        
 other communication that is an offer in the offering made by the undersigned registrant to 
 the purchaser.                                                                             |

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 SEC 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.

<div align='center'>131

SIGNATURES</div>

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Singapore, [_______], 2025.

| GCL                 
 Global Holdings Ltd |                   |
| By:                 |                   |
| Name:               | Sebastian         
 Toke              |
| Title:              | Chief             
 Executive Officer |

<div align='center'>POWER OF ATTORNEY</div>

KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Sebastian Toke, as his or her true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities,
to sign any and all amendments to this Registration Statement on Form F-1, and to file the same, with all