Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 245

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 245
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|:----------|:--|
| Deferred investment consideration 
 payable                           |     | $         | 7,500,000 |     | $         | - |

The balance of contingent
investment consideration payable relates to the Company’s investment in Nekcom of $ in share consideration, for which
the corresponding ordinary shares have been issued and placed in escrow. These shares will not be released until the Full Recoupment
Date (see Note 5). As the Company expects the Full Recoupment Date to occur more than twelve months after March 31, 2025, the investment
payable related to the $ share consideration has been classified as non-current.

F-42 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 18 — Related party balances and transactions

Related party balances

Amount due from related parties

|                                    | Name of related party |                                                                        | Relationship |                                                | Nature |   |     As of 
 March 31, 
      2025 |     |   |     As of 
 March 31, 
      2024 |
|:-----------------------------------|:----------------------|:-----------------------------------------------------------------------|:-------------|:-----------------------------------------------|:-------|:--|----------:|:----|:--|----------:|
| Epicsoft Ventures Pte Ltd          |                       | Common shareholders                                                    |              | Reimbursement of business expenses             |        | $ |       426 |     | $ |         - |
| SEGA Corporation                   |                       | Shareholder of the Company                                             |              | Recoupable advertising fee receivable          |        |   |   377,904 |     |   |           |
| Jianhao Tan                        |                       | CEO of Titan Digital                                                   |              | Interest free loan due on demand               |        |   |         - |     |   |    21,880 |
| Joseph Thomas Van Heeswijk         |                       | Minority Shareholder of 2Game                                          |              | Director loan, interest free, no maturity date |        |   |     8,873 |     |   |         - |
| Jianhao Tan Brand Ventures Pte Ltd |                       | Jianhao Tan, the shareholder of JHTB Venture, the CEO of Titan Digital |              | Expenses paid on behalf                        |        |   |     5,131 |     |   |         - |
| Total                              |                       |                                                                        |