Company: GAME
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001641172-25-026855
Chunk: 63

Company: GameSquare Holdings, Inc.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 63
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a) the holders of the Shares shall share ratably in any distribution of the remaining assets and funds of the Corporation in proportion to the respective full preferential amounts which would otherwise be payable in respect of the Series A-1 Preferred Stock in the aggregate upon such Liquidation if all amounts payable on or with respect to such Shares were paid in full, and (b) the Corporation shall not make or agree to make any payments to the holders of Junior Securities.

4.4 Notice Requirement. In the event of any Liquidation, the Corporation shall, within ten (10) days of the date the Board approves such action, or no later than twenty (20) days of any stockholders’ meeting called to approve such action, or within twenty (20) days of the commencement of any involuntary proceeding, whichever is earlier, give each holder of Shares of Series A-1 Preferred Stock written notice of the proposed action. Such written notice shall describe the material terms and conditions of such proposed action, including a description of the stock, cash, and property to be received by the holders of Shares upon consummation of the proposed action and the date of delivery thereof. If any material change in the facts set forth in the initial notice shall occur, the Corporation shall promptly give written notice to each holder of Shares of such material change.

5. Non Voting. No outstanding Share of Series A-1 Preferred Stock shall be entitled to a vote with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration (whether at a meeting of stockholders of the Corporation, by written action of stockholders in lieu of a meeting or otherwise), except as provided by law.

6. Automatic Conversion.

6.1 Automatic Conversion. Subject to the provisions of this Section 6, in connection with, and immediately following, an affirmative vote of the majority of the voting power of all outstanding shares of capital stock of the Corporation entitled to vote to increase the number of authorized shares of Common Stock (the “ Shareholder Vote”), each outstanding Share of Series A-1 Preferred Stock (including any fraction of a Share) held by stockholders shall automatically convert into 1,000 shares of fully paid and non-assessable shares of Common Stock (including any fraction of a Share).

6.2 Procedures for Automatic Conversion; Effect of Conversion.

(a) Procedures for Automatic Conversion. Following the Shareholder Vote, all outstanding Shares of Series A-1 Preferred Stock shall be converted to the number of shares of Common Stock calculated pursuant to Section 6