Company: GAME
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0001641172-25-007822
Chunk: 8

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 8
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 187,500 |     |           | - |     |                  |         - |     |                      |       - |     |                                 | - |     |                   | - |     |                               | 22,017 |     |                        |   209,517 |

Notes:

| (1) | The                                                                                                                                
 Corporation completed a reverse takeover transaction (the “RTO”) effective April 11, 2023. Certain amounts included in             
 the table above reflect the compensation paid to the officers of GameSquare Esports Inc., as a predecessor to the Corporation, and 
 the Corporation, subsequent to the completion of the RTO.                                                                          |
| (2) | The                                                                                                                                
 weighted average fair value price per option was estimated using the Black-Scholes option pricing model.                           |
| (3) | Based                                                                                                                              
 on medical insurance and other insurance benefits.                                                                                 |

| 5 |

Compensation Discussion and Analysis

For the financial year ended December 31, 2024 and 2023, the objective of the Corporation’s compensation strategy was to ensure that compensation for its NEOs is sufficiently attractive to recruit, retain and motivate high performing individuals to assist GameSquare in achieving its goals.

The process for determining executive compensation is relatively informal, in view of the size and stage of the Corporation and its operations. Executive officers are involved in the process and make recommendations to the Board which considers and decides whether to approve the discretionary components (e.g., cash bonuses, stock options and RSUs) of the annual compensation of senior management (other than the Chief Executive Officer). Except as otherwise described below, the Corporation does not maintain specific performance goals or use benchmarks in determining the compensation of executive officers. The Board may at its discretion award either a cash bonus, stock options or RSUs for high achievement or for accomplishments that the Board deem as worthy of recognition.

Compensation for the NEOs is composed primarily of three components: base fees, performance bonuses and stock-based compensation. In establishing the levels of base fees, performance bonuses and the awards of stock options and RSUs, the Board takes into consideration a variety of factors, including the financial and operating performance of the Corporation, and each NEO’s individual performance and contribution towards meeting corporate objectives, responsibilities and length of service.

Approach

While the Corporation does not have a formal compensation policy, the general objectives of the Corporation’s executive compensation are to:

| ● | attract,                                                                                      
 retain and motivate executives critical to the success of the Corporation;                    |
| ● | link