Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 7

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 7
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. In addition, security controls,
no matter how well designed or implemented, may only mitigate and not fully eliminate risks. And events, when detected by security tools
or third parties, may not always be immediately understood or acted upon.

Governance

The
Chief Information Security Officer (CISO) is the management position with primary responsibility for the development, operation, and
maintenance of our information security program. The Company’s CISO should have experience in managing cybersecurity risks &
protocols, data protection protocols, and managing protocols for Cloud/IT/web security vulnerabilities. The CISO briefs the Company management
team quarterly regarding general security updates or as needed when security incidents are identified. Oversight of the information security
program at the Board level sits with Audit Committee.

Item
2. Properties

Our
corporate headquarters is located in Frisco, Texas, where we occupy facilities under a lease that expires in 2029. We do not own any
real property or related investments. We believe that our current facilities are adequate to meet our current needs and provides flexibility
to scale in the future.

6

Item
3. Legal Proceedings

Allinsports - In April 2020, Engine announced
its renegotiation of the acquisition of Allinsports. The revised purchase agreement provided for the acquisition of 100% of Allinsports
in exchange for the issuance of 241,666 common shares of the Engine and other considerations, including payments of $1,200,000 as a portion
of the purchase consideration. In September 2020, Engine advised the shareholders of Allinsports that closing conditions of the transaction,
including the requirement to provide audited financial statements, had not been satisfied.

In response, in November 2020, the shareholders of
Allinsports commenced arbitration in Alberta, Canada seeking, among other things, to compel Engine to complete the acquisition of Allinsports
without the audited financial statements, and to issue 241,666 common shares of Engine to those shareholders. As alternative relief, the
shareholders of Allinsports sought up to $20.0 million in damages. A hearing in this matter was held in May of 2021, and by a decision
dated September 30, 2021, the Arbitrator determined that the closing of the transaction had previously occurred and directed Engine to
issue 241,666 common shares. In conjunction with completion of the Arrangement, the Company assumed this obligation to issue 241,666 common
shares. The Company has not yet