Company: GAME
Filing Date: 2025-01-16
Form Type: DEF 14A
Source: 0001493152-25-002546
Chunk: 44

Company: GameSquare Holdings, Inc.
Filing Date: 2025-01-16
Form: DEF 14A
Chunk 44
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 Plan Shares or the Prior Plan Shares), shall automatically increase on such date the Company’s shareholders vote to approve this evergreen formula and on each January 1 stthereafter through the expiration of the Plan under Section 10.3, such that the amount of Plan Shares issuable under the Plan as Awards will be equal to twenty percent (20%) of the total number of Shares outstanding on December 31st of the immediately preceding calendar year. Notwithstanding the foregoing, the Administrator may act prior to the first day of any calendar year to provide that there shall be no increase in the number of Plan Shares for such calendar year or that the increase in the number of Plan Shares for such calendar year shall be a lesser number of Shares than would otherwise occur pursuant to the preceding sentence.

Section 4.4 of the Plan is deleted in its entirety and replaced with the following:

4.4 Incentive Stock Option Limitations. Notwithstanding anything to the contrary herein, all Shares under the Plan are eligible to be issued pursuant to the exercise of Incentive Stock Options. Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and calculation will be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder. Subject to adjustment as provided in Article 8, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the Overall Share Limit, plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to the evergreen formula in Section 4.2.

Section 11.28 of the Plan is deleted in its entirety and replaced with the following:

11.28 “ Overall Share Limit” means the maximum number of shares available for issuance under the Plan, which includes the Plan Shares, the FaZe Plan Shares, and the Prior Plan Shares, subject to adjustment under Sections 4.2 and 4.3.

In all other respects, the Plan remains unchanged. The Plan shall remain in full force and effect and, as amended by this Amendment, is ratified and affirmed in all respects.