Company: GVSE
Filing Date: 2025-03-28
Form Type: S-1/A
Source: 0001641172-25-001287
Chunk: 61

Company: Gameverse Interactive Corp
Filing Date: 2025-03-28
Form: S-1/A
Chunk 61
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 of up to one hundred
and fifty (150) percent of his existing base salary subject to milestone and metrics to be mutually agreed upon by Employee and the Company’s
Board of Directors.

John Pitstick, Chief Financial Officer, Executive Employment Agreement

On February
23, 2025, the Company and Mr. John Pitstick entered into an Executive Employment Agreement, which, among other things, employs Mr. Pitstick
as the Chief Financial Officer of the Company with an initial annual salary of $120,000 in accordance with the Company’s customary
payroll practices and applicable wage payment and withholdings laws and requirements. Effective upon the listing of the Company’s
common stock on a national stock exchange, Mr. Pitstick’s base salary will be increased to $180,000. Additionally, as part of
the Executive’s compensation, the Executive shall receive a grant of 176,587 restricted stock units (the “RSUs”). The
176,587 RSUs will vest monthly over a thirty-six (36) month term (i.e., 1/36 per month). In addition, any unvested RSUs at the time of
a “Change in Control” (as defined below) shall become immediately vested at such date. The Executive shall also be entitled
to an annual bonus of up to one hundred (100) percent of his existing base salary subject to milestone and metrics to be mutually agreed
upon by Employee and the Company’s Board of Directors.

Consulting Agreement

The Company does not have any consulting agreements at this time.

Outstanding Equity Awards at Fiscal Year End

During our fiscal years ended December 31, 2024, and December 31, 2023, there were no equity-based awards granted to any executive officers of the Company.

Option Exercises

During our fiscal years ended December 31, 2024, and December 31, 2023, no named executive officer held or exercised any options.

Compensation of Directors

During the fiscal years ended December 31, 2024, and December 31, 2023, Jared Thau and Jordan Thau accrued compensation for their services in the amount of $306,933 and$234,091, respectively.

On or about October 6, 2023, we entered into a Director’s Agreement with each of our five directors pursuant
to which they would serve on our Board of Directors, would be issued 25,000 shares of common stock following the completion of the initial
public offering of our common stock