Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 338

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 338
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,226 |   |

Amortization expense for six
months ended September 30, 2024 and 2023 was amounted to $537,367 and $573,693, respectively.

The following
table sets forth the Company’s amortization expense for the next five years ending:

|                                                        |     | Amortization 
 expenses     |           |
|:-------------------------------------------------------|:----|:-------------|----------:|
| Twelve months ending September 30, 2025                |     | $            | 1,041,288 |
| Twelve months ending September 30, 2026                |     |              | 1,041,288 |
| Twelve months ending September 30, 2027                |     |              |   619,070 |
| Twelve months ending September 30, 2028                |     |              |    10,419 |
| Twelve months ending September 30, 2029 and thereafter |     |              |    23,793 |
| Total                                                  |     | $            | 2,735,858 |

<div align='center'>F-83

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 10 — Bank Loans

Outstanding
balance of banking facilities consisted of the following:

|                                      | Bank name |                                        | Maturity date |     | Interest  
 rate      |     |                                                                                                                                                | Collateral/Guarantee |            | September 30, 2024 |     |   | March 31, 2024 |
|:-------------------------------------|:----------|:---------------------------------------|:--------------|:----|:----------|:----|:-----------------------------------------------------------------------------------------------------------------------------------------------|:---------------------|:-----------|-------------------:|:----|:--|---------------:|
|                                      |           |                                        |               |     |           |     |                                                                                                                                                |                      | -Unaudited |                    |     |   |                |
| United Overseas Bank Limited (“UOB”) |           | July 2025                              |               |     | 2.5%      |     | Personal Guarantee by Choo See Wee, the Chairman of the Company, and Play-E Corporation Pte. Ltd, which Choo See Wee is the major shareholder. |                      | $          |            546,525 |     | $ |        826,000 |
| Citi Bank                            |