Company: GVSE
Filing Date: 2025-03-28
Form Type: S-1/A
Source: 0001641172-25-001287
Chunk: 70

Company: Gameverse Interactive Corp
Filing Date: 2025-03-28
Form: S-1/A
Chunk 70
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 consult your tax advisor with respect to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of our common stock arising under the U.S. federal gift or estate tax laws or under the laws of any U.S. state or local, non-U.S. or other taxing jurisdiction or under any applicable tax treaty.

Non-U.S. Holder Defined

For purposes of this discussion, you are a non-U.S. holder if you are any holder that is not a partnership (or entity or arrangement treated as a partnership for U.S. federal income tax purposes) and are not, for U.S. federal income tax purposes, any of the following:

| ● | an                                                                                                                                   
 individual who is a citizen or resident of the U.S.;                                                                                 |
| ● | a                                                                                                                                    
 corporation (or any other entity treated as a corporation for U.S. federal income tax purposes) created or organized in the U.S.     
 or under the laws of the U.S., any state thereof or the District of Columbia;                                                        |
| ● | an                                                                                                                                   
 estate whose income is subject to U.S. federal income tax regardless of its source; or                                               |
| ● | a                                                                                                                                    
 trust (x) whose administration is subject to the primary supervision of a U.S. court and which has one or more “United States        
 persons” (within the meaning of Section 7701(a)(30) of the Code), or U.S. persons, who have the authority to control all substantial 
 decisions of the trust or (y) which has made a valid election to be treated as a U.S. person.                                        |

Distributions

As described in the section titled “Dividend Policy,” we have never declared or paid cash dividends on our capital stock and do not anticipate paying any dividends on our capital stock in the foreseeable future. However, if we do make distributions on our common stock, those payments will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. To the extent those distributions exceed both our current and our accumulated earnings and profits, they will constitute a return of capital and will first reduce your basis in our common stock, but not below zero, and then will be treated as gain from the sale or other disposition of stock.

Except as otherwise described below in the section on effectively connected income and the sections titled “—Backup Withholding and Information