Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 341

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 341
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 the Company, and GCL Global SG, executed substantially similar Note Purchase Agreements for an additional
$3,000,000 of Convertible Notes. These agreements include the same terms and conditions as described above, including the issuance of
Bonus Shares, escrow arrangements, potential entitlement to Top-Up Shares, and unconditional guarantees by GCL Global SG for the additional
$3,000,000 of Notes.

As
of the date of the issuance of these unaudited condensed consolidated financial statements, the Company has received all proceed from above
mentioned Notes.

<div align='center'>F-85

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 13 — Related party balances and transactions

Related party balances

Amount due from related parties

|                                    | Name of related party* |                            | Relationship |                                  | Nature |   |         As of 
 September 30, 
          2024 |     |   |     As of 
 March 31, 
      2024 |
|:-----------------------------------|:-----------------------|:---------------------------|:-------------|:---------------------------------|:-------|:--|--------------:|:----|:--|----------:|
|                                    |                        |                            |              |                                  |        |   |    -Unaudited |     |   |           |
| Chan Shae Lyn                      |                        | Director of Epic MY        |              | Interest free loan due on demand |        |   |         4,123 |     |   |         - |
| Jianhao Tan*                       |                        | CEO of Titan Digital       |              | Interest free loan due on demand |        |   |        24,294 |     |   |    21,880 |
| Joseph Thomas Van Heeswijk         |                        | Shareholder of the Company |              | Interest free loan due on demand |        |   |        25,606 |     |   |         - |
| GCL Global Holdings Ltd (” Pubco”) |                        | Common shareholders        |              | Interest free loan due on demand |        |   |         6,569 |     |   |         - |
| Total                              |                        |                            |              |                                  |        | $ |        60,592 |     | $ |    21,880 |

| * | As of the date of the issuance of these unaudited