Company: GVSE
Filing Date: 2025-07-16
Form Type: S-1/A
Source: 0001641172-25-019925
Chunk: 109

Company: Gameverse Interactive Corp
Filing Date: 2025-07-16
Form: S-1/A
Chunk 109
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 jurisdiction determines upon application that in view of all the circumstances of the case,      
 the person is fairly and reasonably entitled to indemnity for such expenses as the court         
 deems proper.                                                                                    |

| 4. | To                                                                                                 
 the extent that a director, officer, employee or agent of a corporation has been successful        
 on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections 
 1 and 2, or in defense of any claim, issue or matter therein, the corporation shall indemnify      
 him against expenses, including attorneys’ fees, actually and reasonably incurred by               
 him in connection with the defense.                                                                |

Item 15. Recent Sales of Unregistered Securities.

Each of the individuals was accredited, and there
was no general solicitation in connection with the sales to these individuals.

During 2023 six individuals purchased 193,500
shares of common stock at $2 per share and seven individuals purchased 872,500 shares of common stock at par value of $0.001 per share.
The Company valued the shares at $2 per share and recorded compensation expense of $1,744,128 and $0 for these shares at December 31,
2023 and 2022, respectively.

On December 15, 2022, the Company issued the two Company founders a total of 9,900,000 common shares of stock, par value $0.001. The one founder was issued 6,200,000 while the other founder was issued 3,700,000 shares.

During the year ended December 31, 2023, the Company issued 193,500 warrants, which are exercisable at a $3.00 strike price.

On January 24, 2024, the Company issued 25,000 common shares of stock, par value $0.001 and 25,000 warrants at a $3.00 strike price under a subscription agreement.

On February 28,2024, the Company issued 5,000 common shares of stock, par value $0.001 and 5,000 warrants at a $3.00 strike price under a subscription agreement.

On October 22, 2024, the Company issued 200,000 shares of stock, par value $0.001 and 200,000 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $400,000 in cash for the Company.

On October 25, 2024, the