Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 218

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 218
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 following table sets forth the Company’s
amortization expense for the next five years ending:

                                                          Amortization                 
                                                          expenses                     
  Twelve months ending March 31, 2026                     $                 1,041,288  
  Twelve months ending March 31, 2027                                       1,041,288  
  Twelve months ending March 31, 2028                                         101,168  
  Twelve months ending March 31, 2029                                          10,419  
  Twelve months ending March 31, 2030 and thereafter                           13,689  
  Total                                                   $                 2,207,852  

Note 13 - Long-term investments

Investment in Nekcom

In November 20, 2024 (“ Acquisition
Date”), the Company, Nekcom and certain significant shareholders of Nekcom entered into a Series B Preferred Stock Purchase Agreement
(the “ Nekcom SPA”) pursuant to which the Company has agreed to purchase12,250,000of Nekcom’s Series B Preferred Stock
that would constitute20% of the total outstanding shares of Nekcom for an aggregate purchase price of $15,000,000consisting of (a) $7,500,000in cash, and (b) $7,500,000in the Company’s ordinary shares.

On connection with the Nekcom
SPA,262,325ordinary shares of GCL Global (the “ Nekcom Consideration Shares”) and an additional262,325ordinary shares of
GCL Global (the “ Nekcom Additional Consideration Shares”) were issued in the name of Nekcom on December 18, 2024 but
were held in escrow until full recoupment date of the minimum guarantee (“ Full Recoupment Date”) when they will be released
to either Nekcom or the Company depending on the value of Nekcom Consideration Shares (the “ Consideration Shares VWAP”) based
on the volume weighted average price of the Consideration Shares overthirty(30) trading days immediately preceding the Full Recoupment
Date. If the Consideration Shares VWAP exceeds $7,500,000, all Nekcom Consideration Shares will be released to Nekcom, and all Nekcom
Additional Consideration Shares will be returned to the Company for cancellation. In the event that the Consideration Shares VWAP is below
$7,500,000but exceeds $1,200,000, Nekcom