Company: GAME
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001641172-25-001796
Chunk: 0

Company: GameSquare Holdings, Inc.
Filing Date: 2025-03-31
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
March 25, 2025, GameSquare Holdings, Inc. (the “ Company”), entered into a secured promissory note (the “ Promissory
Note”) with Blue & Silver Ventures, Ltd. The principal amount of $2,000,000 under the Promissory Note is payable on demand
and no later than July 1, 2025. The Promissory Note bears interest at a rate of ten percent (10%) per annum, with a default interest
rate of fifteen percent (15%) per annum, and is payable on demand and no later than July 1, 2025 with the principal amount. The Company,
at its option, may prepay the Promissory Note, in whole or in part, without a prepayment penalty of any kind.

In
connection with the Promissory Note, the Company entered into a security agreement, by and between the Company and Blue & Silver
Ventures, Ltd. (the “ Security Agreement”) to provide a security interest in the assets of the Company to Blue & Silver
Ventures, Ltd. in order to secure the obligations underlying the Promissory Note. The Promissory Note and the Security Agreement were
approved by the disinterested members of the Board of Directors of the Company at a board meeting.

The
foregoing descriptions of the Security Agreement and the Note are not complete and are qualified in their entirety by reference to the
full text of the Agreements filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant