Company: GVSE
Filing Date: 2025-04-17
Form Type: S-1/A
Source: 0001641172-25-005196
Chunk: 80

Company: Gameverse Interactive Corp
Filing Date: 2025-04-17
Form: S-1/A
Chunk 80
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 agent for such
Securities; stock transfer taxes, if any, payable upon the transfer of securities from the Company to Lafferty; the $5,000 cost
associated with Lafferty’s clearing system data services and communications expenses, the $10,000 cost associated with
Lafferty’s system for comparable company analysis and valuation, the fees and expenses of the Company’s accountants and
the fees and expenses of Lafferty and the Company’s legal counsel and other agents and representatives. For the sake of
clarity, it is understood and agreed that the Company shall be responsible for Lafferty’s legal fees and expenses irrespective
of whether the Offering is consummated or not and (ii) the maximum amount of legal fees, costs and expenses incurred by Lafferty
that the Company shall be responsible for shall not exceed $125,000 in the event of a Closing of the Offering, and shall not exceed
$75,000 in the event that there is not a Closing of the Offering. The Company has provided an expense advance (the
“Advance”) to Lafferty of $15,000. The Advance shall be applied towards reasonable out-of-pocket expenses of Lafferty
incurred in connection with the Offering including legal fees. However, in the event the Offering is terminated, Lafferty shall return any portion of the Advance not used
to pay its accountable out-of-pocket expenses actually incurred. Lafferty may deduct from the net proceeds of the Offering payable
to the Company on the Closing, the expenses set forth herein to be paid by the Company to Lafferty.

We estimate that the total expenses of the offering payable by us, excluding the discount and non-accountable expense allowance, will be approximately $600,000.

Discretionary Accounts

The underwriter does not intend to confirm sales of the securities offered hereby to any accounts over which they have discretionary authority.

Lock-Up Agreements

Pursuant to “lock-up” agreements, our executive officers and directors and holders of 4% or more our outstanding common stock, have agreed, subject to limited exceptions, without the prior written consent of R.F. Lafferty, not to directly or indirectly offer to sell, sell, pledge or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the transfer or disposition by any person at any time in the future of) any of shares of our common stock, enter into any swap or other derivatives