Company: GAME
Filing Date: 2025-01-16
Form Type: DEF 14A
Source: 0001493152-25-002546
Chunk: 26

Company: GameSquare Holdings, Inc.
Filing Date: 2025-01-16
Form: DEF 14A
Chunk 26
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 votes on the compensation of our named executive officers.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR HOLDING THE ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ANNUALLY.</div>

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<div align='center'>PROPOSAL 5: TO APPROVE AN AMENDMENT TO THE COMPANY’S 2024 STOCK INCENTIVE PLAN TO INCORPORATE AN EVERGREEN FORMULA WHEREBY THE MAXIMUM NUMBER OF SECURITIES ISSUABLE UNDER THE COMPANY’S 2024 STOCK INCENTIVE PLAN WILL READJUST ANNUALLY TO AN AMOUNT EQUAL TO 20% OF THE COMPANY’S TOTAL SHARES OF COMMON STOCK OUTSTANDING.</div>

Background of the Proposal

The Company relies heavily on its ability to issue incentive equity to its employees in order to adequately compensate them for their efforts without having to utilize precious cash resources. In this regard, the Company is seeking to simplify the process for increasing the maximum number of securities issuable under the Company’s 2024 Incentive Plan by way of incorporating an evergreen formula. The proposed evergreen formula would provide that, commencing upon the date the Company’s stockholders vote to approve this Proposal 5, and thereafter continuing annually on January 1 of each year, the number of securities issuable under the Company’s 2024 Incentive Plan (“Plan Shares”) be adjusted to a number equal to twenty percent (20%) of the Company’s total outstanding shares of common stock as at December 31 of the preceding year. For example, if the Company has 35,000,000 shares of common stock outstanding as at December 31, 2024, the evergreen formula would increase the number of securities issuable as follows: Total shares of common stock outstanding of 35,000,000 x 20% = 7,000,000.

As such, beginning on January 1, 2025, and for the 2025 calendar year, the maximum number of securities issuable under the Company’s 2024 Incentive Plan would be 7,00,000 based on total shares of common stock outstanding of 35,000,000 shares on December 31, 2024.

If the stockholders approve of the Evergreen Amendment, it is the intent of the Company to amend Article 4, the definition of “Overall Share Limit,” and add the evergreen formula as Section 4.2 to the